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Industrial Policy in the United States: A Neo-Polanyian Interpretation

Author

Listed:
  • Andrew Schrank

    (University of New Mexico, Albuquerque, NM, USA, schrank@unm.edu)

  • Josh Whitford

    (Columbia University, New York, NY, USA, jw2212@columbia.edu)

Abstract

The conventional wisdom holds that U.S. political institutions are inhospitable to industrial policy. The authors call the conventional wisdom into question by making four claims: (1) the activities targeted by industrial policy are increasingly governed by decentralized production networks rather than markets or hierarchies, (2) “network failures†are therefore no less threatening to industrial dynamism than market or organizational failures, (3) the spatial and organizational decentralization of production have simultaneously increased the demand and broadened the support for American industrial policy, and (4) political decentralization is therefore likely to improve the functioning of industrial policies designed to combat network failures.

Suggested Citation

  • Andrew Schrank & Josh Whitford, 2009. "Industrial Policy in the United States: A Neo-Polanyian Interpretation," Politics & Society, , vol. 37(4), pages 521-553, December.
    • Handle: RePEc:sae:polsoc:v:37:y:2009:i:4:p:521-553
    DOI: 10.1177/0032329209351926
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    References listed on IDEAS

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    Cited by:

    1. Ergen, Timur, 2015. "Große Hoffnungen und brüchige Koalitionen: Industrie, Politik und die schwierige Durchsetzung der Photovoltaik," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 83, number 83.
    2. Nichola Lowe & Maryann P. Feldman, 2018. "Breaking the Waves: Innovating at the Intersections of Economic Development," Economic Development Quarterly, , vol. 32(3), pages 183-194, August.
    3. Bulfone, Fabio & Ergen, Timur & Maggor, Erez, 2024. "The political economy of conditionality and the new industrial policy," MPIfG Discussion Paper 24/6, Max Planck Institute for the Study of Societies.
    4. Eyüp ÖZVEREN & Erkan GÜRPINAR, 2024. "More a Commons Than a Fictitious Commodity: Tacit Knowledge, Sharing, and Cooperation in Knowledge Governance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3824-3843, March.
    5. Fisher, Erik, 2019. "Governing with ambivalence: The tentative origins of socio-technical integration," Research Policy, Elsevier, vol. 48(5), pages 1138-1149.
    6. Voszka, Éva, 2020. "Állami vagy magántulajdon? Adalékok egy dichotómia értelmezéséhez [Public or private ownership? Some remarks on the interpretation of a dichotomy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1193-1216.
    7. Philipp Brandt & Andrew Schrank & Josh Whitford, 2018. "Brokerage and Boots on the Ground: Complements or Substitutes in the Manufacturing Extension Partnerships?," Economic Development Quarterly, , vol. 32(4), pages 288-299, November.
    8. Marian Negoita, 2014. "Globalization, state, and innovation: An appraisal of networked industrial policy," Regulation & Governance, John Wiley & Sons, vol. 8(3), pages 371-393, September.
    9. Bulfone, Fabio & Ergen, Timur & Kalaitzake, Manolis, 2022. "No strings attached: Corporate welfare, state intervention, and the issue of conditionality," MPIfG Discussion Paper 22/2, Max Planck Institute for the Study of Societies.
    10. Maryann P. Feldman & Lauren Lanahan & Iryna V. Lendel, 2014. "Experiments in the Laboratories of Democracy," Economic Development Quarterly, , vol. 28(2), pages 107-131, May.
    11. Voszka, Éva & Végh, Marcell Zoltán & London, András, 2023. "Támogatási nagyüzem - az egyedi kormánydöntések példája [Large-scale subsidizing - the example of case-by-case government decisions]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1297-1337.
    12. Lanahan, Lauren & Feldman, Maryann P., 2015. "Multilevel innovation policy mix: A closer look at state policies that augment the federal SBIR program," Research Policy, Elsevier, vol. 44(7), pages 1387-1402.
    13. Marco R. Di Tommaso & Stuart O. Schweitzer, 2013. "Industrial Policy in America," Books, Edward Elgar Publishing, number 13749.
    14. Nichola J. Lowe, 2014. "Beyond the Deal," Economic Development Quarterly, , vol. 28(4), pages 287-299, November.

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