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- Title
An Examination of Proposals for a U.S. Industrial Policy.
- Authors
Genovese, Frank C.
- Abstract
An "industrial policy" for the U.S. appears from the writings and statements of its advocates to involve modification of federal tax laws and expenditures to allow a largely unchanged set of business institutions to better serve the public interest. It employs planning but it is planning of the sort the U.S. has always had. Those who oppose all government activity in the private sector oppose it, not realizing that the anti-trust laws, for example, do not interfere with the economy's operation but aid it to function beneficently. It is those whose activities are anti-social who are loudest in their demands for business "freedom." Does the U.S. need a more efficient economic system? Inter- country comparisons show that in many areas it lags. To achieve stability of income and employment as well as productive efficiency, the U.S. has many policy options it can consider-and it must.
- Subjects
UNITED States; INDUSTRIAL policy; TAX laws; PRIVATE sector; ANTITRUST law; BANKING laws; COMMERCIAL policy
- Publication
American Journal of Economics & Sociology, 1988, Vol 47, Issue 4, p441
- ISSN
0002-9246
- Publication type
Article
- DOI
10.1111/j.1536-7150.1988.tb02068.x