editorial partner Liberte! Friedrich Naumann Foundation

economic policy

Industrial Policy Does More Harm Than Good
Economy
Industrial Policy Does More Harm Than Good
Many governments are interfering more and more deeply in economic processes. Protectionism is on the rise in the world. The result could be a stagnant global economy. Tadeusz Syryjczyk, Minister of Industry in Tadeusz Mazowiecki\'s government in Poland, once stated that the best industrial policy is no industrial policy.
Parable of Broken Window as Public Policy Principle
Economy
Parable of Broken Window as Public Policy Principle
Imagine the owner of a candy store, whose window is broken by boys playing football. People run around the scene of the accident, pitty the owner and blame and rebuke the naughty. Nevertheless, there are some people among the crowd who say that a broken window also has its bright economic side. A broken window means work for the window maker. For the money he earns he can now buy bread, for example. That\'s how the baker has a job.