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)
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)
Previous post: War, Taxation, and Inflation
Next post: More Unalloyed Arrogance