13min chapter

Planet Money cover image

A controversial idea at the heart of Bidenomics

Planet Money

CHAPTER

Exploring Industrial Policy and Government Intervention

The chapter delves into the concept of industrial policy, discussing historical and modern goals of government influence on the economy. It explores various forms of industrial policy like subsidies and workforce development, highlighting the Biden administration's efforts in advanced manufacturing. The debate surrounding government intervention, market failures, and evidence supporting industrial policy effectiveness is also addressed.

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