Government and the Nation's Resources,
Abstract
It is the author's contention that government intervention both before and during shortage periods, particularly in the primary industries, served to create uncertainty and instability, which made investment in capacity expansion less attractive, which put a damper on supply, and, with the advent of the boom in world demand, helped to bring on and prolong the 1973-74 shortages in this country. As in the case of natural gas, government contributed more to the problem than to the solution.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1977
- Accession Number
- ADA040884
Entities
People
- Donald B. Rice
Organizations
- RAND Corporation