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Is industrial policy like vitamin C or penicillin?

CAMBRIDGE Vitamin C may not be particularly effective at preventing the common cold or treating cancer (notwithstanding Linus Pauling’s claims to the contrary), but a lack of it can cause scurvy. As a result, daily consumption is essential to a healthy diet. In contrast, penicillin cures bacterial infections, although its overuse can lead to drug-resistant germs. It should ....

United States , United Kingdom , Linus Pauling , Ricardo Hausmann , Gary Becker , Harvard Growth Lab , Harvard Kennedy School , American Development Bank , Inter American Development Bank , Harvard Growth , Project Syndicate ,

Is industrial policy like vitamin C or penicillin?

CAMBRIDGE Vitamin C may not be particularly effective at preventing the common cold or treating cancer (notwithstanding Linus Pauling’s claims to the contrary), but a lack of it can cause scurvy. As a result, daily consumption is essential to a healthy diet. In contrast, penicillin cures bacterial infections, although its overuse can lead to drug-resistant germs. It should ....

United Kingdom , United States , Gary Becker , Linus Pauling , Ricardo Hausmann , American Development Bank , Harvard Kennedy School , Harvard Growth Lab , Inter American Development Bank , Harvard Growth , Project Syndicate ,