In This Review

Minding America's Business
Minding America's Business
By Ira C. Magaziner and Robert B. Reich
Harcourt Brace Jovanovich, 1982, 390 pp

This is the best book yet about what industrial policy might be in the United States. It stresses the fact that there is already a great deal of government intervention, of a rather disorderly kind, and devotes about as much attention to what business does wrong as to what the government might do better. The appraisal of what foreign countries have achieved is a bit too favorable, but the emphasis on adjustment and flexibility in the American economy is sound. Magaziner is a business consultant; Reich was a policy planner at the Federal Trade Commission before he joined the faculty of the Kennedy School.