Published Dec 9, 2024

Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)

Scott Sumner and Russ Roberts delve into the pitfalls of industrial policy, emphasizing how misconceptions about mercantilism and national security exaggerations can lead to protectionist trade practices that undermine economic growth. They explore the crucial balance between policy and innovation in shaping industries while highlighting the long-term challenges posed by economic and trade deficits.

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Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)

Topics covered

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Questions from this episode

Episode Highlights

Trade Policy Critiques

Economic Impacts of Policy

Globalization and GeopoliticsThe conversation explores how exaggerated foreign threats and national security arguments often lead to misguided trade policies. Scott Sumner and Russ Roberts discuss the implications of these exaggerations on global trade dynamics and economic strategies.

Globalization and Geopolitics

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