Mises Wire
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have turned increasingly toward large-scale industrial policies. So-called mission-oriented policies are launched as a response to many perceived problems, policy is in fact problematic. The list of grandiose moonshot projects that have failed is long. A few examples: the US war on homelessness and the home ownership and Richard Nixon’s “war on cancer.” We identify seven reasons why these missions generally do not work well in practice: Missions cannot solve “wicked”