The citizen must be the foundation of any industrial policy — even a free market one

By Sarah Guillou

The purpose of industrial policy is to direct productive specialization towards sectors that are deemed strategic for well-being or economic growth. This means recognizing that productive specialization is important for growth. But what criteria should be used to determine the importance of a given sector? The argument developed here is that there are no sound criteria that do not refer to the collective preferences of present and future citizens. Continue reading “The citizen must be the foundation of any industrial policy — even a free market one”

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