A gem indeed!
A beautiful ( from 1985!) story on new trade theory, the theorists who developed it and the case for and against semiconductor industrial policy by the undisputed master of writing about economists, Sylvia Nassea.
RT @COdendahl: An old gem from 1985, featuring this "Young Turk", on the new case for #protectionism and ... semiconductors. https://blogs.ubc.ca/barbaraspencer/files/2016/02/1985-Fortune-New-Case-For-Protectionism.pdf
🐦🔗: https://n.respublicae.eu/lugaricano/status/1623288776867938306
I loved the reticence of the economists to use the "new trade theory" to influence policy, given how likely it would be to be misused. They were fully aware of the risk of capture, and did not want to at the game.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1623289259338637314
