This is CBS Eye on the World. Here's John Batchelor. I welcome Paul Mueller, senior research fellow at the American Institute for Economic Research, graduated Ph.D. George Mason University taught at King's College in New York, now writing

for Civitas Outlook at Civitas Institute about free trade, about industrial policy. Here we are

in the 21st century, and industrial policy is an artifact of the 20th and the 19th and the 18th. However, it is in question again because of the

competition with large export-only nations. I could mention the People's Republic of China,

used to mention Germany. And those export nations have industrial policies, if I read them correctly.

And is that something that's desirable?

Does that accelerate past the system that the U.S. endeavors to call free trade?

All of this is attended to by Mr. Mueller, Professor Mueller,

in reviewing a new book that has recommendations for

industrial policy. And the reason this book is important is because not only is it very long

and written in for experts, economists, but it has a recommendation in the title, Industrial

Policy for the United States,

winning the competition for good jobs and high-value industries.

By Mark Fasteno and Ian Fletcher.

Paul, a very good evening to you.

This strikes me as something that is very aggressive.

What is your measure of this book now?

Is it in the marketplace for some

time? So they're summarizing for those of amateurs on the outside? Or is this a new wave

in economics? Good evening to you. Well, thank you for having me, John. I appreciate it.

This book, it's an impressive book. I mean, the authors have done their homework.

It's wide-ranging.

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