2013 | OriginalPaper | Buchkapitel
Industrial Policies, the Creation of a Learning Society, and Economic Development
verfasst von : Bruce Greenwald, Joseph E. Stiglitz
Erschienen in: The Industrial Policy Revolution I
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Industrial policies — meaning policies by which governments attempt to shape the sectoral allocation of the economy - are back in fashion, and rightly so. The major insight of welfare economics of the past fifty years is that markets by themselves in general do not result in (constrained) Paretoefficient outcomes (Greenwald and Stiglitz, 1986).