SULPHUR AND THE U.S. GOVERNMENT: PRICE FIGHTING IN THE 1960s

The interaction between the domestic sulphur industry and the executive branch of the U.S. Government during the Johnson administration suggests that this important extractive industry was sensitive to governmental “moral suasion.” A narrative is provided of the relationship between the industry and...

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Published in:Economic inquiry 1978-07, Vol.16 (3), p.360-384
Main Authors: COCHRANE, JAMES L., GRIEPENTROG, GARY L.
Format: Article
Language:English
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Prices
Sulfur industry
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GRIEPENTROG, GARY L.
description The interaction between the domestic sulphur industry and the executive branch of the U.S. Government during the Johnson administration suggests that this important extractive industry was sensitive to governmental “moral suasion.” A narrative is provided of the relationship between the industry and the administration's economists, lawyers and departmental politicians. This narrative is followed by an appropriate least squares price model. It is shown that the administration was successful in its efforts to suppress sulphur prices during 1965‐66, that is, during the early stages of the commitment of U.S. forces to combat in Southeast Asia.
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source Periodicals Archive Online Foundation Collection; PAIS Index; Periodicals Archive Online
subjects Prices
Sulfur industry
title SULPHUR AND THE U.S. GOVERNMENT: PRICE FIGHTING IN THE 1960s
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