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Overview
Fourteen contributed papers from diverse national, institutional, and theoretical perspectives with different views of competition and the state examine industrial policy during an era of deregulation, privatization, and a growing interest in small government. Counter to analysts who conclude that the Anglo-American market economy appears to be the only intact system, these US and European academics argue that industrial policies are embedded in specific contexts and that national systems evolve under the impact of internal and external factors. However, they diverge on theoretical frameworks which include the neoclassical market approach; its antithesis, institutional economics; and an alternative analysis based on game theory and the New Institutional Economics. Elsner is with the U. of Bremen, and Groenewegen is at Erasmus U., Rotterdam. Annotation c. Book News, Inc., Portland, ORSynopsis
Fourteen contributed papers from diverse national, institutional, and theoretical perspectives with different views of competition and the state examine industrial policy during an era of deregulation, privatization, and a growing interest in small government. Counter to analysts who conclude that the Anglo-American market economy appears to be the only intact system, these US and European academics argue that industrial policies are embedded in specific contexts and that national systems evolve under the impact of internal and external factors. However, they diverge on theoretical frameworks which include the neoclassical market approach; its antithesis, institutional economics; and an alternative analysis based on game theory and the New Institutional Economics. Elsner is with the U. of Bremen, and Groenewegen is at Erasmus U., Rotterdam. Annotation c. Book News, Inc., Portland, OR