Backman, Jules. Wages and Prices. Irvington, N.Y.: Foundation for Economic Education. 1947. 88pp.
An excellent statistical reference work on the levels and relationships of wages, prices, costs and profits in recent years. The author points out how these facts are ignored or misread by those who are trying to fix or change wages and prices by force. The evils of price control, labor monopolies and currency inflation are dealt with incidentally.
BK: Stay tuned for Walter Bagehot.
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