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Notes On The Crises Podcast #4: Economist Daniel Mitchell On His Time As Chief Economist of Nixon’s Pay Board, the “Wages” Part of Wage and Price Controls.
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Manage episode 343208168 series 3002355
On this episode we have a very special guest, economist Daniel Mitchell on his time as the chief economist of Nixon’s pay board, the “wages” part of wage and price controls. He is also coauthor, along with “public” member of the 15 person Pay Board Arnold Weber, of a book on the Pay Board experience called The Pay Board’s Progress: Wage Controls in Phase II. On this episode Professor Mitchell and Nathan discussed the previous experiences with wage and price controls (sometimes called “incomes policies”) which informed Nixon’s Wage and Price Controls, Nixon’s opposition to wage and price controls… until he did them and what his first months at the Pay Board were like. They also discussed the theory behind wage and price controls at the time, the focus on organized labor and the importance of George Meany, long time head of the AFL-CIO, to the Pay Board’s tenure. The last part of the interview focused on the Pay Board’s awareness and sensitivity to questions like “inflation expectations”, Professor Mitchell’s view of the Federal Reserve’s focus on wage control and “wage bargaining” and how confident economists should be that the questions of full employment and price stability have been definitively answered.
You can find the paper “Not Yet Dead at the Fed” here.
Listen here.
If you would like to support Notes on the Crises, subscribe here.
Produced & Edited by Lina Nehlich
4集单集
已归档的系列专辑 ("不活跃的收取点" status)
When? This feed was archived on March 21, 2023 11:56 (). Last successful fetch was on December 14, 2022 15:02 ()
Why? 不活跃的收取点 status. 我们的伺服器已尝试了一段时间,但仍然无法截取有效的播客收取点
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 343208168 series 3002355
On this episode we have a very special guest, economist Daniel Mitchell on his time as the chief economist of Nixon’s pay board, the “wages” part of wage and price controls. He is also coauthor, along with “public” member of the 15 person Pay Board Arnold Weber, of a book on the Pay Board experience called The Pay Board’s Progress: Wage Controls in Phase II. On this episode Professor Mitchell and Nathan discussed the previous experiences with wage and price controls (sometimes called “incomes policies”) which informed Nixon’s Wage and Price Controls, Nixon’s opposition to wage and price controls… until he did them and what his first months at the Pay Board were like. They also discussed the theory behind wage and price controls at the time, the focus on organized labor and the importance of George Meany, long time head of the AFL-CIO, to the Pay Board’s tenure. The last part of the interview focused on the Pay Board’s awareness and sensitivity to questions like “inflation expectations”, Professor Mitchell’s view of the Federal Reserve’s focus on wage control and “wage bargaining” and how confident economists should be that the questions of full employment and price stability have been definitively answered.
You can find the paper “Not Yet Dead at the Fed” here.
Listen here.
If you would like to support Notes on the Crises, subscribe here.
Produced & Edited by Lina Nehlich
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