The U.S. is losing the competition for good jobs and high-value industries because most of Washington believes trade should be free, the dollar should float, and that innovation comes exclusively from the private sector. In this book, the authors make the bold case that these laissez-faire ideas have failed and that a robust industrial policy is the only way for America to remain prosperous and secure. Trump and Biden have enacted some of its elements, but it needs to be made systematic and comprehensive, including tariffs to protect key industries, a competitive exchange rate, and federal support for commercialization—not just invention—of new technologies. Timely, meticulously researched, and bipartisan, this impressive analysis replaces misunderstandings about industrial policy with lucid explanations of its underlying economic theory, the tools that implement it, and its successes (and failures) in America and abroad. It examines key industries of the past and future – steel, automobiles, television, semiconductors, space, aviation, robotics, and nanotechnology. It concludes with a realistic, actionable policy roadmap. A work of rigor and ambition, Industrial Policy for the United States is essential reading.

The field of grand strategy is exceptionally American-centric theoretically, methodologically and empirically. Indeed, many scholars treat the United States as a unique case, and thus incomparable. This Element addresses the shortcomings of this approach by developing a novel framework for the purpose of systematic comparison, both within and among different countries. Using the United States as a benchmark, three dimensions are considered in which grand strategy can be compared: first, attributes of the major types commonly discussed in the literature; second, similarities and differences in the implementation of grand strategies over time, using US strategic relations with contemporary Russia as an example; and finally, across space, properties of the grand strategies that are interactively employed by other major powers in relation to the United States in the Indo-Pacific. The Element can be used by scholars and students alike to expand analysis beyond the confines that currently dominate the field.