Abstract
Industrial policy has been the victim of various definitions reflecting different views about the role, extent and appropriate form of state intervention in the economy. At the one extreme, interventionists favour an active role with governments intervening throughout the economy at the industry and, ultimately, the firm level. The other extreme takes a laissez-faire approach leaving everything to market forces. In the UK, these alternative views about industrial policy have been reflected in continuing controversy between the major political parties.
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© 1992 Keith Hartley and Nick Hooper
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Hartley, K., Hooper, N. (1992). Industry and Policy. In: Curwen, P. (eds) Understanding the UK Economy. Macmillan Texts in Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22278-0_11
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DOI: https://doi.org/10.1007/978-1-349-22278-0_11
Publisher Name: Palgrave Macmillan, London
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