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Industrial Policy: Son of Central Planning

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Publication Date: December 1983

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Don Lavoie

Topic: Manufacturing and industry (Industry and industrial policy)

Type: Report

Abstract:

Most advocates of industrial policy do not want to invest a central government with coercive powers so immense and detailed that they would seriously obstruct the workings of the market economy. But they do most earnestly want to give a national investment guiding agency enough power to decide deliberately and intelligently which industries to encourage and assist, and which to discourage and phase out.