Abstract. According to the orthodox theory of international trade, the argument of selective industrial policy means the state capability of identifying competitive advantages and to exploit them. In this approach, I want to emphasize the necessity of a critical reconsideration of the “competitive advantage” and “national competitiveness”, and also of the implications deriving from these concepts over public policy. First of all, I analyzed the scientifically basis of competitiveness: on the free market, the competitive advantage is given by the entrepreneurial ability, which so becomes the real source of the economic success. Being given any other conditions, meaning here a market affected by state’s interventionism, reaching “competitive advantages” derives from rent-seeking activities which attend to capture public policy.

Keywords: competitive advantage; methodological holism; state capture.