The infant industry argument is often used to portray a seeming market failure. Since Colbert in France and later in England with Hamilton in the 1780-90’s, taxpayers have been taught that, in the interest of the whole country, the government should pro
The case of Infant Industry
The infant industry argument is often used to portray a seeming market failure. Since Colbert in France and later in England with Hamilton in the 1780-90’s, taxpayers have been taught that, in the interest of the whole country, the government should pro