Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 May 2026 Leave a comment
in applied price theory, economic history, entrepreneurship, history of economic thought, industrial organisation, survivor principle Tags: industry policy
Tweet… is from page 8 of Scott Lincicome’s and Huan Zhu’s superb September 2021 paper, “Questioning Industrial Policy: Why Government Manufacturing Plans Are Ineffective and Unnecessary”: A core part of industrial policy’s knowledge problem is timing: because markets and personal preferences are constantly evolving, the facts (products, investments, supply and demand, etc.) on which an…
Bonus Quotation of the Day…
27 Apr 2026 Leave a comment
in applied price theory, economic history, entrepreneurship, history of economic thought, industrial organisation Tags: industry policy
Tweet… is from page 815 of Richard Nelson’s and Richard Langlois’s February 1983 Science paper titled “Industrial Innovation Policy: Lessons from American History”: A quick reading of the case studies is enough to dash any supposition that technological change is somehow a cleanly plannable activity. In fact, it is an activity characterized as much by…
Quotation of the Day…
05 Feb 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, entrepreneurship, industrial organisation, Public Choice, rentseeking Tags: industry policy
In arguments over industrial policy, there’s often a moment where someone makes an assertion like: “Every nation has industrial policy. Even not having an industrial policy is a type of industrial policy. The only relevant question is what kind of industrial policy we should choose.” In my experience, the people who make this argument then…
Levels of Industrial Policy
03 Nov 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, Public Choice, public economics, rentseeking, survivor principle Tags: industry policy, picking winners
06 Jan 2019 Leave a comment
in applied price theory, industrial organisation, politics - USA, Public Choice, rentseeking, sports economics, survivor principle Tags: industry policy, picking winners
29 Oct 2018 Leave a comment
in applied price theory, industrial organisation, Public Choice, public economics, rentseeking, survivor principle Tags: industry policy, picking winners
23 Sep 2018 Leave a comment
in applied price theory, development economics, economic growth, economics of bureaucracy, economics of regulation, growth disasters, industrial organisation, market efficiency, Milton Friedman, Public Choice, rentseeking, survivor principle, television Tags: India, industry policy, picking winners
18 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, international economics, survivor principle Tags: industry policy
21 Aug 2017 Leave a comment
in applied price theory, economics of bureaucracy, entrepreneurship, Public Choice, rentseeking Tags: industry policy, picking winners
06 May 2017 Leave a comment
in applied price theory, economics of bureaucracy, industrial organisation, politics - New Zealand, Public Choice, rentseeking, survivor principle Tags: industry policy, picking winners
06 Dec 2016 Leave a comment
in applied price theory, comparative institutional analysis, economic history, industrial organisation, Public Choice, rentseeking, survivor principle Tags: industry policy, picking winners
04 Nov 2016 Leave a comment
in applied price theory Tags: industry policy, picking winners, subsidies
21 Jul 2016 Leave a comment
in comparative institutional analysis, economics, economics of bureaucracy, economics of media and culture, industrial organisation, international economics, politics - New Zealand, Public Choice, rentseeking, survivor principle, television Tags: corporate welfare, industry policy, New Zealand Greens, picking losers, picking winners, Yes Prime Minister
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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