Archive for April 11th, 2012

The Failure of Industrial Policy »

Beacon readers will not be surprised by Wharton Professor Howard Pack’s verdict on of industrial policy: it doesn’t work. (Perhaps surprised only that a Wharton Professor holds this view.) Pack provides a concise summary of the academic literature on Japanese industrial policy: Knowledge@Wharton: What does the empirical evidence show? Does it show that interventionist...
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