"Exhortion and Controls. The Search for a Wage-Price Policy 1945 - 1971". Ed. by C. D. Goodwin. The Brookings Institution. Washington. 1975. 326 p. This peer-reviewed book focuses on the U.S. government's policy on wage and price regulation in the postwar period. This work seems to conclude a series of studies on various aspects of this problem published by the Brookings Institution earlier [1]. We are talking about measures to stimulate economic growth, combat economic downturns and inflation, ensure employment and regulate labor relations. The appeal to the field of finance is very characteristic of the United States, where the nationalization of the financial and credit sphere has become one of the most advanced forms of state-monopoly capitalism. Government regulation of prices and wages concerns not only economic, but also socio-political processes, since the administration, when implementing a policy of controlling wages and prices, inevitably faces problems in the relationship of entrepreneurs and their organizations with trade unions. Interest in government control of wages and prices increased dramatically after the Nixon administration resorted to emergency measures in August 1971, "freezing" prices and wages for 90 days, and this short-term action itself developed into a whole series of measures that covered almost the entire American economy and in one way or another in the form that existed before April 1974. The book is based on the materials of a two-day conference held in Boston in November 1974, which was attended by 45 prominent economists, as well as a number of former employees of all post-war administrations. The conference was called to summarize the experience of price and wage control and develop recommendations for the future. When preparing the reports that later became separate chapters of the book, not only materials from the libraries of all recent presidents were used, including those that were not published until 1974. The authors of ... Read more