The Myth of America's Declining Manufacturing Sector


Publication Date: January 1984

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

Author(s): Thomas J. DiLorenzo

Research Area: Manufacturing and industry

Type: Report

Abstract:

The nation's industrial capacity is not declining, it is growing and changing. In order for this growth to continue, market forces must be permitted to redirect resources to their uses of highest value. Industrial policies designed to insulate
politically influential groups from the forces of economic change may grant the recipients valuable benefits. But these are gained at the high cost of inflicting great harm on the rest of the economy.