"Econ 102" with Noah Smith and Erik Torenberg cover image

The Macro Episode

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Institutional Improvement through Industrial Policy

The key insight is that industrial policy can serve as a focal point for institutional advancement in a country. By addressing internal government issues, such as conflicting policies and ineffective practices, and introducing necessary reforms, nations like the United States can enhance their ability to build and innovate. The challenge in developed countries lies in the resistance to change from entrenched incumbents dependent on the existing system, highlighting the importance of reform for progress.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner