Recently there have been a spate of efforts to define Bidenomics by both the White House and a range of observers. So far as I can tell, Bidenomics amounts to primarily a version of industrial policy-mostly involving large public investments-to meet important economic goals that private markets cannot. It's centered around three major pieces of legislation-the Inflation Reduction Act (IRA), the Infrastructure Investment and Jobs Act (IIJA or Bipartisan Infrastructure Law), and the CHIPS and Science Act (CHIPS Act)-which seek to address climate change, reduce health costs, rebuild our national...
