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June 08, 2007

Comments

Daniel from Bolivia

Dani:
It seems that you are talking about developed countries.
In the case of Bolivia, or a developing country in general, it seems that evidence support the fact that industrial policy or microecnomics public policies are needed to improve a poor industry basis, where agriculture is the main "cluster".

Kenji

Thanks for the follow-up! I wish I had you as my economics professor...

paine

DR
Ii'm taken
by your ending squib:

"By the way, this is a nice illustration of how neoclassical reasoning (maximization, equilibrium, comparative statics) is often the best antidote to silly orthodox thinking"
recall your ice clear rendition of the trade gain postulates

why not try giving
the ortho paradigm
a similar whurl
i noticed in all the talk
no attempt to define
it

Michael Sullivan

This is a great observation.

It does cause me to eagerly consider a follow-up question: What kind empirical evidence would you accept that industrial policy does not work either in general, or in some specific industry?

And of course, the inverse question should be asked of those who take the opposite side of the argument: What evidence would they accept that industrial policy *does* work, either in general, or in a particular industry.

Byron Vasconez

Professor. let me say you that your comments are very intelligent, and pertinent at academic level. Usually private and public spheres fall in this type of errors, slanting the results toward that want politically to interpret. I congratulate your work, and from now I will be your continuous reader. From Ecuador a warmest regard

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