Publication Date: December 1983
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Don Lavoie
Research Area: Manufacturing and industry
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.
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