Difference between revisions of "Price control"
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(New page: A '''price control''' is a law or regulation that limits the maximum price that can be charged for a good or service. Historically its use in free enterprise economies has mostly ...) |
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A '''price control''' is a law or regulation that limits the maximum price that can be charged for a [[good]] or service. Historically its use in [[free enterprise]] economies has mostly been limited to times of war, but has also been imposed in times of peace as a misguided way of controlling the [[economy]]. | A '''price control''' is a law or regulation that limits the maximum price that can be charged for a [[good]] or service. Historically its use in [[free enterprise]] economies has mostly been limited to times of war, but has also been imposed in times of peace as a misguided way of controlling the [[economy]]. | ||
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| + | 363 [[federal court]] decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the [[Takings Clause]] against a deprivation of contract without just compensation, but only 61 [[federal court]] decisions discuss "price controls" and a right to privately contract.<ref>E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))</ref> | ||
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| + | == References == | ||
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| + | <references/> | ||
| + | [[category:economics]] | ||
| + | [[category:United States Supreme Court Cases]] | ||
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[[category:economics]] | [[category:economics]] | ||
Revision as of 20:25, October 7, 2008
A price control is a law or regulation that limits the maximum price that can be charged for a good or service. Historically its use in free enterprise economies has mostly been limited to times of war, but has also been imposed in times of peace as a misguided way of controlling the economy.
363 federal court decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the Takings Clause against a deprivation of contract without just compensation, but only 61 federal court decisions discuss "price controls" and a right to privately contract.[1]
References
- ↑ E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))