Industrial Policy: Who Wins, Who Loses


Publication Date: November 1983

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

Author(s): Hugh H. Macauly

Research Area: Manufacturing and industry

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.