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CLIPPINGS

CLIPPINGS Industrial policy is a somewhat grandiose political term for what government has been doing since priests or princes directed seasonally unemployed peasants in the construction of irrigation channels to expand the production of grain. To this day, every aspect of government actionbe it taxation, defense spending, the management of currencies and exchange rates, the definition and enforcement of property rights, or the distribution of welfare benefitshelps or hinders one industry or another. No law at the federal, state, or local level is passed without all affected parties pleading the economic benefits for the public. Economic theory has long argued that there is no neutral tax, that all distort market behavior in one way or another. The same may be argued for government policy in general. All help or impede the growth and competitiveness of one industry or another. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business Strategy Emerald Publishing

CLIPPINGS

Journal of Business Strategy , Volume 15 (6): 2 – Jun 1, 1994
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0275-6668
DOI
10.1108/eb039661
Publisher site
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Abstract

Industrial policy is a somewhat grandiose political term for what government has been doing since priests or princes directed seasonally unemployed peasants in the construction of irrigation channels to expand the production of grain. To this day, every aspect of government actionbe it taxation, defense spending, the management of currencies and exchange rates, the definition and enforcement of property rights, or the distribution of welfare benefitshelps or hinders one industry or another. No law at the federal, state, or local level is passed without all affected parties pleading the economic benefits for the public. Economic theory has long argued that there is no neutral tax, that all distort market behavior in one way or another. The same may be argued for government policy in general. All help or impede the growth and competitiveness of one industry or another.

Journal

Journal of Business Strategy – Emerald Publishing

Published: Jun 1, 1994

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