In this comprehensive study, economist Richard McKenzie takes on all the proposals for new restrictions on our economic system and refutes them: America is not deindustralizing. Plant-closing laws and trade restrictions would not protect American jobs. And a national industrial policy would not make American companies more competitive internationally.
McKenzie bases his arguments on sound economic analysis of such critical issues as international trade, quotas, and tariffs, business subsides, worker rights to their jobs, capital taxation, and central planning. Besides criticizing proposals for new government intervention in the economy, McKenzie offers his own "Alternative Vision of Our Economic Future": an economy of freedom and opportunity, where jobs are created and productivity increased by entrepreneurs, and where decisions are guided by consumer preferences, not by political pull. He sets forth an agenda for economic change that would rely more on market processes and less on government intervention.
"Anyone who is infatuated with industrial policy, or who believes America is deindustrializing, or who thinks protectionism is the holy grail should read this book--the sooner the better!"
-James C. Miller, III
former Director, Office of Management and Budget
1985/216pp./$5.00 cloth ISBN: 0-932790-51-8/$3.00 paper ISBN: 0-932790-52-6
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