1/Lots of people are getting interested in industrial policy. That& #39;s a good thing.
Here is a reading list of good books about industrial policy.
Here is a reading list of good books about industrial policy.
2/The best book to start with is "Concrete Economics". It& #39;s not about HOW to do industrial policy. It& #39;s about WHY to do it. https://www.amazon.com/Concrete-Economics-Hamilton-Approach-Economic/dp/1422189813">https://www.amazon.com/Concrete-...
3/For the history of industrial policy, the best book to start with is "How Asia Works".
It& #39;s about how Japan, Korea, Taiwan and China got rich (while Malaysia, Philippines, and Thailand have lagged somewhat). https://www.amazon.com/How-Asia-Works-Joe-Studwell/dp/0802121322">https://www.amazon.com/How-Asia-...
It& #39;s about how Japan, Korea, Taiwan and China got rich (while Malaysia, Philippines, and Thailand have lagged somewhat). https://www.amazon.com/How-Asia-Works-Joe-Studwell/dp/0802121322">https://www.amazon.com/How-Asia-...
4/If you want to go deeper on the history of East Asian industrial policy, check out "MITI and the Japanese Miracle". https://www.amazon.com/MITI-Japanese-Miracle-Industrial-1925-1975/dp/0804712069">https://www.amazon.com/MITI-Japa...
5/Also, read "The Park Chung Hee Era". It& #39;s very long, but it& #39;s a collection of essays, so you can read selections. https://www.amazon.com/Park-Chung-Hee-Era-Transformation/dp/0674072316">https://www.amazon.com/Park-Chun...
6/But how do you do industrial policy in a country that& #39;s already rich?
"Jump-Starting America" is about how to use science policy to revitalize the U.S. economy and spread out growth regionally. https://www.amazon.com/Jump-Starting-America-Breakthrough-Economic-American/dp/1541762487">https://www.amazon.com/Jump-Star...
"Jump-Starting America" is about how to use science policy to revitalize the U.S. economy and spread out growth regionally. https://www.amazon.com/Jump-Starting-America-Breakthrough-Economic-American/dp/1541762487">https://www.amazon.com/Jump-Star...
7/"Our Towns" profiles small American cities that have successfully turned themselves around, and which policies they have in common: https://www.amazon.com/Our-Towns-000-Mile-Journey-America/dp/1101871849">https://www.amazon.com/Our-Towns...
8/And of course if you really want to go deep, you can read "The National System of Political Economy". It& #39;s an old classic.
https://www.amazon.com/National-System-Political-Economy-Appendices/dp/1976016576/ref=asc_df_1976016576/?tag=hyprod-20&linkCode=df0&hvadid=312734536225&hvpos=1o1&hvnetw=g&hvrand=11436327621642230094&hvpone=&hvptwo=&hvqmt=&hvdev=m&hvdvcmdl=&hvlocint=&hvlocphy=9022863&hvtargid=pla-570395453984&psc=1">https://www.amazon.com/National-...
https://www.amazon.com/National-System-Political-Economy-Appendices/dp/1976016576/ref=asc_df_1976016576/?tag=hyprod-20&linkCode=df0&hvadid=312734536225&hvpos=1o1&hvnetw=g&hvrand=11436327621642230094&hvpone=&hvptwo=&hvqmt=&hvdev=m&hvdvcmdl=&hvlocint=&hvlocphy=9022863&hvtargid=pla-570395453984&psc=1">https://www.amazon.com/National-...
9/And I hear "Kicking Away the Ladder" is good, but have never read it. https://www.amazon.com/Kicking-Away-Ladder-Development-Perspective/dp/1843310279">https://www.amazon.com/Kicking-A...
10/"Industrial Policy for the Twenty-First Century" is a paper by Dani Rodrik offering a theory of how industrial policy works: https://drodrik.scholar.harvard.edu/publications/industrial-policy-twenty-first-century">https://drodrik.scholar.harvard.edu/publicati...
11/And here is a recent paper trying to distill the lessons of the "ARPA Model" of mission-oriented research:
https://www.nber.org/papers/w24674 ">https://www.nber.org/papers/w2...
https://www.nber.org/papers/w24674 ">https://www.nber.org/papers/w2...
12/And of course you should read "The Entrepreneurial State", which is another great book about how government can promote innovation: https://www.amazon.com/Entrepreneurial-State-Debunking-Public-Private/dp/1610396138">https://www.amazon.com/Entrepren...
13/I& #39;ll add more later, but this should be more than enough to get you started!
14/A good book about how industrial policy can fail is "Can Japan Compete?". It& #39;s about how Japan& #39;s legendary MITI ran off the rails in the 80s and stopped being effective. A good cautionary tale.
https://www.amazon.com/Can-Japan-Compete-Michael-Porter/dp/0465059899">https://www.amazon.com/Can-Japan...
https://www.amazon.com/Can-Japan-Compete-Michael-Porter/dp/0465059899">https://www.amazon.com/Can-Japan...