Thursday, July 15, 2010

Debating Industrial Policy

The Economist has sponsored a debate on industrial policy in which its proposition is that "industrial policy always fails".

In defense of the motion is Josh Lerner of the Harvard Business School, while opposing it is Dani Rodrik of the Kennedy School of Government. So far, opponents of the motion seem to be winning by about a 75 to 25 margin.

This "debate" where the proponents "pretend to disagree" is one that should help illuminate rather than divide audiences about the merits of industrial policy.

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