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Effect of Controls on Stability

Abstract

DURING the War the introduction of governmental controls has led to many matters being dealt with by an order fixing some quantity, price or other variable where a laissez-faire system would have allowed them to find their own levels. As examples we have rates of foreign exchange, wages and prices. Not only has this fixing occurred in many instances during the War, but a further extension of control or planning in peace will probably lead to even more variables being fixed in this way.

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ASHBY, W. Effect of Controls on Stability. Nature 155, 242–243 (1945). https://doi.org/10.1038/155242b0

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