Debating Industrial Policy

The proposal for some sort of national industrial policy to increase U.S. competitiveness in world markets has become a rallying cry for Democratic presidential candidates, organized labor and some business groups. Robert Reich, 37, a professor of business and public policy at Harvard's Kennedy School of Government, is one of the leading advocates of such a program, and his book The Next American Frontier has become a baedeker for industrial policy since its publication in May. Last week Reich was a guest at the meeting of the TIME Board of Economists.

Reich began...

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