Encyclopedia of Early Modern History Online

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Price controls
(984 words)

1. Definition

Price controls were laws stipulating maximum (or rarely minimum) prices of goods and services. It removed a crucial component of the contract of purchase from the disposition of the parties to the contract, for the authorities to set instead (Sovereign power). Price controls also sometimes contained minimum standards for the quality of the product on sale (see also Quality control), with the aim of preventing subversion of the controls by selling sub-standard goods. Fixed ra…

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Schennach, Martin, “Price controls”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 20 March 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_025833>
First published online: 2015
First print edition: 20210107

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