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Agriculture's Revealing and Painful Lesson for Industrial Policy
Publication Date: January 1984
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Bruce Gardner
Topic: Agriculture, forestry and fishing (Agriculture and agricultural policy)
Manufacturing and industry (Industry and industrial policy)
Keywords: Agriculture
Type: Report
Abstract:
The U.S. government has undertaken some policies that appear to have been successful in increasing the productivity of U.S. agriculture, namely promotion of research and the dissemination of information to farmers. The case for extending these policies to industrial enterprises is very weak, however, since these industries are better structured than farming enterprises to maintain private property rights over invention and information.