<p>The free market’s efficiency in responding to economic change. Factor prices. Price controls, shortages, and economic chaos. Illustrations from the energy crisis and rent controls. From partial price controls to universal price controls.</p>
<p>READINGS</p>
<ul>
 <li>Reisman: Chapter 7</li>
 <li>von Mises, Human Action: pp. 730-736, 758–769; [von Mises, Socialism: pp. 527–543]</li>
</ul>

The free market’s efficiency in responding to economic change. Factor prices. Price controls, shortages, and economic chaos. Illustrations from the energy crisis and rent controls. From partial price controls to universal price controls. READINGS Reisman: Chapter 7 von Mises, Human Action: pp. 730-736, 758–769; [von Mises, Socialism: pp. 527–543]

8. Capitalism Microeconomics - Price controls (contd.)

George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics, and the author of Capitalism: A Treatise on Economics.

The Capitalist Professor is a podcast featuring his university lectures on the economics of capitalism.

His website is www.capitalism.net. Follow him on Twitter @GGReisman. His blog is georgereismansblog.blogspot.com.

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George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics, and the author of Capitalism: A Treatise on Economics. The Capitalist Professor is a podcast featuring his university lectures on the economics of capitalism. His website is www.capitalism.net. Follow him on Twitter @GGReisman. His blog is georgereismansblog.blogspot.com.

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8. Capitalism Microeconomics - Price controls (contd.)

8. Capitalism Microeconomics - Price controls (contd.)