Why is it that the economic mind behind the Prime Minister has few, if any, followers in the economics profession? Why is it that Galbraith's theories have become widely accepted when there is a total lack of support for them?

In this book, two Simon Fraser University professors of economics, analyze the social cost of the B.C. milk marketing board. Through trenchant analysis and revealing statistics, the two authors examine the impact of the milk quota system and the extent to which the Board transfers income from consumers to producers.

Worsening inflation produces a growing call for governments to do something about it. A seemingly attractive policy choice is the introduction of wage and price controls. In view of Canada's current anti-inflation program, this study (the second in a three-part series) is particularly timely. This book features two papers; the first, analyzes Britain's eleven periods of wage and price controls since the war, and the second analyzes President Nixon's Economic Stabilization Program which began with the surprising Freeze of August 1971 and ended in April 1974 with Congress refusing to renew authorization.