Industrial Policies, the Creation of a Learning Society, and Economic Development

Bruce Greenwald and Joseph Stiglitz
Additional contact information
Bruce Greenwald: Columbia University

Chapter 1.3 in The Industrial Policy Revolution I, 2013, pp 43-71 from Palgrave Macmillan

Abstract: Abstract 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).

Keywords: Public Good; Comparative Advantage; Market Failure; Industrial Policy; Patent System (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (30)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33517-3_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137335173

DOI: 10.1057/9781137335173_4

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().