Empty Economics in the Case for Industrial Policy
Empty Economics in the Case for Industrial Policy
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产业政策中的空洞经济学
DOI:
10.1111/j.1467-9701.1984.tb00277.x
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发表时间:
1984
期刊:
影响因子:
--
通讯作者:
Brian Hindley
中科院分区:
文献类型:
--
作者:
Brian Hindley
UPPORT for ‘an active industrial policy’is currently widespread in both the United States and Western Europe. What such a policy might mean in terms of action, however, is often difficult to discover. Different proponents of the notion turn out to hold, on closer examination, different and often contradictory ideas on the appropriate targets for the policy. To cite only one cleavage, those associated with ‘sunrise’industries typically have very different ideas about the appropriate direction of industrial policy from those associated with ‘sunset’industries.Nevertheless, serious assessment of the proposal that more resources should be devoted to a coherent industrial policy requires answers to the questions of why such a policy is needed and what it ought to be doing. Moreover, these questions raise issues of principle. To accept as a matter of practical politics that some firms and industries will receive assistance through the political process is one thing. It is quite another thing to accept as a matter of principle that they ought to be assisted in that way (even if the assistance is called ‘restructuring’or ‘revitalisation’).‘As a matter of practical politics such-and-such an industry will be assisted’is a statement based on a number of suppositions about the working of the political process. The suggestion that such-and-such an industry ought to be assisted is likely to be based on a very different set of suppositions about the political process and the objectives of participants in it. Moreover, it will typically add yet another set regarding the validity of choices made through the market. Yet the truth is that the term ‘industrial policy’has an entirely spurious sound of precision. Over the past ten or fifteen years, the term has become a portmanteau catchword for that broad range of governmental actions which directly affect the structure of production in an economy. Many of the activities in the portmanteau pre-date the term and its use suggests more coherence among them than in fact