This investigation analyzes the government's current attempt at wage and price controls; and covers only Phases I, II, and III--with primary emphasis on Phase II. The sources of data used are current periodicals. The study is composed of five major chapters. Chapter I presents a brief summary of prior attempts at wage and price controls, both in this country and abroad, plus-a thumbnail sketch of economic conditions in this country preceding Phase I. The next three chapters deal with the three phases themselves. In each case, the guidelines are presented along with the mechanism of execution, enforcement, and actual cases of operation. As the overall program is still in operation, final conclusions are not appropriate at this time.

Although the government role in the economy has extended to include various sectors of the economy, there are still problems of the causes of government involvement and how such involvement is related to the structure and function of the industrial government. The purpose of this study is to test the government involvement phenomenon both theoretically and empirically. The study compares two approaches to the government theories. The first approach deals with theories of capitalism and focuses on the function of the government methods as they are observed. The second approach deals with theories of the capitalist government and focuses on the functions and the form of the government as deducted from the historical analysis.

University of Macau / Faculty of Social Sciences and Humanities / Department of Government and Public Administration

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