Ep 109: Economics in One Lesson
Everything is Everything
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The Paradox of Industrial Policy
This chapter investigates the complexities of technological transformation and industrial policies, particularly focusing on tariffs and government interventions in the economy. It highlights the unintended consequences of measures like rent control and critiques the impact of such policies on market efficiency and property rights. Through comparisons of different countries, the discussion emphasizes the importance of a market-driven approach to ensure economic welfare and the effective utilization of capital.
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