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Industrial Policy: Who Wins, Who Loses
Publication Date: November 1983
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Hugh H. Macauly
Topic: Manufacturing and industry (Industry and industrial policy)
Type: Report
Abstract:
Theory and empirical evidence show that industrial policy is an idea whose time came and went many years ago. It is based on the spurious contention that government knows better than individuals what should be produced and who should produce it.