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An Examination of Proposals for a U.S. Industrial Policy

An Examination of Proposals for a U.S. Industrial Policy Abstract. An “industrial policy” for the U.S. appears from the writings and statements of its advocates to involve modification of federal tax laws and expenditures to allow a largely unchanged set of business institutions to better serve the public interest. It employs planning but it is planning of the sort the U.S. has always had. Those who oppose all government activity in the private sector oppose it, not realizing that the anti‐trust laws, for example, do not interfere with the economy's operation but aid it to function beneficently. It is those whose activities are anti social who are loudest in their demands for business “freedom.” Does the U.S. need a more efficient economic system? Intercountry comparisons show that in many areas it lags. To achieve stability of income and employment as well as productive efficiency, the U.S. has many policy options it can consider—and it must. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Economics and Sociology Wiley

An Examination of Proposals for a U.S. Industrial Policy

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References (1)

Publisher
Wiley
Copyright
Copyright © 1988 Wiley Subscription Services
ISSN
0002-9246
eISSN
1536-7150
DOI
10.1111/j.1536-7150.1988.tb02068.x
Publisher site
See Article on Publisher Site

Abstract

Abstract. An “industrial policy” for the U.S. appears from the writings and statements of its advocates to involve modification of federal tax laws and expenditures to allow a largely unchanged set of business institutions to better serve the public interest. It employs planning but it is planning of the sort the U.S. has always had. Those who oppose all government activity in the private sector oppose it, not realizing that the anti‐trust laws, for example, do not interfere with the economy's operation but aid it to function beneficently. It is those whose activities are anti social who are loudest in their demands for business “freedom.” Does the U.S. need a more efficient economic system? Intercountry comparisons show that in many areas it lags. To achieve stability of income and employment as well as productive efficiency, the U.S. has many policy options it can consider—and it must.

Journal

American Journal of Economics and Sociology – Wiley

Published: Jan 1, 1988

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