Program in search of a policy: The chrysler loan guarantee
In 1979, the U.S. government responded to the threat that Chrysler might close its doors with a program that had almost no U.S. precedents. The policy that lay behind the program was obscure at the time and remains so. A variant of the traditional argument for the protection of infant industries offers the glimmering of a rationalization. But defining a general policy in such cases remains a task for the future.
Volume (Year): 1 (1982)
Issue (Month): 4 ()
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