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Government Cannot Pick Winners
Author(s) -
GRANT ROBERT M.
Publication year - 1982
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1982.tb01457.x
Subject(s) - profitability index , government (linguistics) , judgement , economic interventionism , business , state (computer science) , economics , finance , political science , law , philosophy , linguistics , algorithm , politics , computer science
Despite its disavowal of state intervention in industry, the Government is still subsidising industries it thinks it can fertilise into increased profitability. Robert Grant denies that government with taxpayers’ money is more alert to potential growth than private investors backing their judgement with their own money.