Industrial Policy Insights
The discussion delves into the complexities of industrial policy, highlighting the misinterpretations surrounding externalities and the political distortions that affect policy effectiveness. It emphasizes that while advocates recognize the challenges posed by political incentives, the true obstacle lies in the inherent conflicts between markets, politics, and expert opinions. Ultimately, a coherent industrial policy appears elusive due to these competing interests.In this clip
From this podcast
EconTalk
Michael Munger on Industrial Policy
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