The proper role of government in the US economy has long been the subject of ideological dispute. This study of industrial policy as practised by administration after administration, explores the variations from a hands-off approach to protectionist policies and aggressive support for businesses.

In contrast to what observers have frequently argued, this timely and thought provoking book suggests that the concept of industrial policy is not alien to the American past and present. The debate on this topic in the US has always been full of contradictory rhetoric and policy practices, and the expert authors therefore acknowledge a need to rethink the traditional antagonist positions. They illustrate that contemporary markets continue to demand to be fixed by government policies, and governments continue to show how fixing-the-market policies might fail. The conclusion is that the future of industrial policy is about how to make both markets and governments better in their functioning, but that the real goal for industrial policy is to make better-market and better-government policies consistent with the goal of building a better society. Affirming that it is time to break the taboo and discuss the nationÕs goals, targets, and tools to develop a new, effective American industrial policy, this pathbreaking book will prove a thought provoking and challenging read for students, academics and policymakers with an interest in political economy and industrial policy, public sector and international economics.

This book argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. The book also demonstrates that industrialization remains an important development process for emerging countries. Regarding the future of jobs, the authors show how the substitution of labour in automation is not inevitable since technology is also complementary to human capital. Policymakers should pay more attention to the new skills that will be required. A particular concern is is the rapid change in technology and business compared to institutions which take time to adapt. Territories have an important role to play in order to speed-up institutional adaptation, providing they can act coherently with the other levels of government.

As the global economic crisis that developed in the year 2008 makes clear, it is essential for educated individuals to understand the history that underlies contemporary economic developments. This encyclopedia will offer students and scholars access to information about the concepts, institutions/organizations, events, and individuals that have shaped the history of economics, business, and labor from the origins of what later became the United States in an earlier age of globalization and the expansion of capitalism to the present. It will include entries that explore the changing character of capitalism from the seventeenth century to the present; that cover the evolution of business practices and organizations over the same time period; that describe changes in the labor force as legally free workers replaced a labor force dominated by slaves and indentures; that treat the means by which workers sought to better their lives; and that deal with government policies and practices that affected economic activities, business developments, and the lives of working people. Readers will be able to find readily at hand information about key economic concepts and theories, major economists, diverse sectors of the economy, the history of economic and financial crises, major business organizations and their founders, labor organizations and their leaders, and specific government policies and judicial rulings that have shaped US economic and labor history. Readers will also be guided to the best and most recent scholarly works related to the subject covered by the entry. Because of the broad chronological span covered by the encyclopedia and the breadth of its subjects, it should prove useful to history students, economics majors, school of business entrants as well as to those studying public policy and administration.

This book examines the American industrial strategy, from the late 70s to the present day, in what is now known as the ‘neoliberal era’. The author illustrates the ways in which the protection and promotion of American companies and industries took place in the context of the international ‘free market’. He provides clear evidence of how the economic power of the United States – wielded to influence the formal and informal institutions of the neoliberal order – has been used as a tool for enhancing its competitive advantage against other world economies.

Social forces are important determinants of how people behave, how economies work at the macroeconomic level, and the effectiveness of economic policies. However, this dimension is generally overlooked in mainstream economics. How Social Forces Impact the Economy demonstrates that a broader conception of social economics provides for a better understanding of how economies work as a whole. This book argues that adopting a truly social approach to economics opens the door to studying how people form preferences, and how they learn by taking cues from others about how to behave and what to consume. Each chapter contributor works to highlight the breadth of new insights and possibilities that emerge from a fuller understanding of social economics. Part I focuses on microeconomics, bringing individual behaviors and individual entrepreneurs into a more social context. Part II focuses on macroeconomic topics, such as how money and quasi-monies (like Bitcoins) are social, how money developed as a social institution, and how social forces matter for economic development. Finally, Part III looks at the consequences of considering social factors when it comes to policy: environmental policy, industrial policy, and policies promoting greater equality. This book is invaluable reading to anyone interested in the relationship between economics and sociology, how social forces affect policy effectiveness, human behavior, and the overall economy.