Over the past 15 years, the Chinese government has made significant efforts to promote innovation-driven growth through industrial policy and corporate subsidies. In a new study, researchers ...

In his 1946 book Economics in One Lesson, Henry Hazlitt observed that “government ‘encouragement’ to business is sometimes as much to be feared as government hostility.” A parallel thought ...

The average retail price of a liter of gasoline across the nation rose to 168.4 yen ($1.50) as of Jan. 17, approaching the figure that triggers a government price subsidy.