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Socio-Economic Consequences of Price Controls in Bulgaria during the Interwar Period

Author

Listed:
  • Pencho Penchev

    (University of National and World Economy - Sofia, Bulgaria)

Abstract

The study focuses on the socio-economic consequences of price controls performed by state and municipal authorities in Bulgaria during the Interwar period. It shows that their social welfare intentions often differ from the results achieved, and instead of alleviating the situation of the poor it is getting worse. The mere price fixing does not solve social conflicts and leads to administrative disturbances. From a political point of view, however, the authorities benefitted from price controls because they demonstrated concern for the problems of the majority while the blame for problems falls to greedy merchants and rich speculators.

Suggested Citation

  • Pencho Penchev, 2019. "Socio-Economic Consequences of Price Controls in Bulgaria during the Interwar Period," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 154-170, November.
    • Handle: RePEc:ceh:journl:y:2019:v:4:p:154-170
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    More about this item

    Keywords

    price controls; Bulgaria; socio-economic consequences;
    All these keywords.

    JEL classification:

    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N9 - Economic History - - Regional and Urban History

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