ABSTRACT
As the chapters in this volume make clear, industrial policy is back in vogue. This is not to say that the much maligned practice of "picking winners" has been rehabilitated, nor is our point that otherwise timid governments intervene more frequently when depression strikes. We mean rather that this volume both draws on and adds to an incipient literature showing that state actors across the developed and the developing worlds have increasingly been looking for—and finding—useful ways to intervene in the industrial economy.
