Excerpt from State Regulation of Prices in Australia a Treatise on Price Fixing and State Socialism
During the past few years much legislation has been enacted in Australasia, and many administrative acts have been performed by the Australian State and Federal Governments, and that of the Dominion of New Zealand, with a view to regulating the prices of commodities. So far, no attempt has been made to correlate what has been done, and no dispassionate analyses of the results have been recorded. It is hoped that this book will supply the deficiency.
Much of the time of modern legislatures is occupied in attempting to regulate indirectly the prices of commodities by controlling trade and commerce. But instances of price regulation, by directly fixing selling rates, by State competition in supply, or by other forms of State socialism, though not novel, are rare, and the experience gained in Australasia in these, what might be termed artificial means of controlling prices, is not only most interesting as a study in "Economics" but should form an invaluable guide to legislatures in other parts of the World.
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