The Post reports: Nearly a third of the Callaghan Innovation’s $149 million Covid-era research and development loan book is in arrears, including $21.5m linked to 63 failed or insolvent businesses, as the agency enters its final months before disestablishment. Callaghan Innovation – a government entity set up to make businesses around the country more innovative…
Callaghan failure
Callaghan failure
14 Jun 2026 Leave a comment
in applied price theory, economics of bureaucracy, industrial organisation, politics - New Zealand, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: industry policy, picking losers
Bonus Quotation of the Day…
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…
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…
Levels of Industrial Policy
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
Deirdre McCloskey and Alberto Mingardi: The Myth of the Entrepreneurial State
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
The Injustice of Corporate Welfare
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
John Oliver on Economic Development
29 Oct 2018 Leave a comment
in applied price theory, industrial organisation, Public Choice, public economics, rentseeking, survivor principle Tags: industry policy, picking winners
Free To Choose 1980 – The Tyranny of Control – Hand Looms
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
The “Dutch Disease” – @DavidParkerMP to note on export growth fetish
18 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, international economics, survivor principle Tags: industry policy
Corporate welfare explained
21 Aug 2017 Leave a comment
in applied price theory, economics of bureaucracy, entrepreneurship, Public Choice, rentseeking Tags: industry policy, picking winners
Johan Norberg – Picking Winners or Losers
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
Don’t Feed Business @TaxpayersUnion @JordNZ
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
Subsidies explained
04 Nov 2016 Leave a comment
in applied price theory Tags: industry policy, picking winners, subsidies
Utopia, you are standing in it! 
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