Download Industrial Policy American Style: From Hamilton to HDTV by Richard D. Bingham PDF

By Richard D. Bingham

The right kind position of presidency within the US economic system has lengthy been the topic of ideological dispute. This examine of business coverage as practised by means of management after management, explores the differences from a hands-off method of protectionist rules and competitive aid for companies.

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S. attempts to develop a commercially viable flat panel display industry (see Chapter 6). Market failure is a common reason for nations to adopt industrial policies. In the United States most utilities are publicly licensed monopolies. There is thus little incentive for them to be innovative or particularly efficient. An industrial policy might be adopted to move a protected industry in a direction it ultimately would have taken itself had it been in a competitive environment. This is indeed the direction suggested for the development of high-temperature superconductivity in Chapter 7.

E. Sharpe, Patricia Kolb, successfully mediated the differences between the reviewer and myself and made some great suggestions herself. My copyeditor, Susanna Sharpe, was terrific. My thanks also go to my administrative assistant at Cleveland State University, Muriel Robinson. I never did make sense of the publisher's formatting and word-processing requirements, but Muriel did. I am indebted to Cleveland State University's faculty leave (sabbatical) program. , researching and writing this book.

2 So why the concern? Because things are not always what they seem. For example, median family income in 1993, adjusted for inflation, was virtually unchanged from what it was twenty years earlier, in spite of the fact that real output had increased by 57 percent. 3 million. In part as a result of rapid changes in technology and the global econ- Page 4 omy, the real average earnings of male high school graduates declined by 15 percent between 1979 and 1992. Almost one-fourth of all women who ever received Aid to Families with Dependent Children (AFDC) ended up receiving AFDC for more than ten years during their lifetimes.

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