Bill Easterly explains that east Asian economic success is likely not the fruit of state-led industrial policy. And that today's calls for industrial policy are old wine in new bottles.
(HT Karol Boudreaux)
Easterly on East Asian Industrial Policy
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That has to be the most miserable excuse for economics I have ever read.
I challenge anyone to show a single fact he showed to support his conclusions.
He did not even offer anything supporting his own made up story about mothers in mini-vans beating sports car drivers.