Industrial Policy: Son of Central Planning

Publication Date: December 1983

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

Author(s): Don Lavoie

Research Area: Manufacturing and industry

Type: Report


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.