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The Progressive Economics Forum: Tommy Douglas was a “macroeconomist”, not a “provincialist”!

A guest blog post from Mario Seccareccia, Professor of Economics, University of Ottawa

The NDP went through a roller coaster ride in 2015. It would seem that the party still hasn’t fully recovered from the outcome of that election, and it will probably remain so until it elects a new leader and gets its “policy . . . → Read More: The Progressive Economics Forum: Tommy Douglas was a “macroeconomist”, not a “provincialist”!

The Progressive Economics Forum: Missing in (debate) action: macroeconomic lessons from the Great Depression

This is a guest blog post from Mario Seccareccia, Professor of Economics, University of Ottawa.

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Since the October 2008 federal election, Canadian politicians have been struggling to come to terms with what to all accounts has turned out to be a “lite” version of the 1930s, whose major difference is that today we have . . . → Read More: The Progressive Economics Forum: Missing in (debate) action: macroeconomic lessons from the Great Depression

The Progressive Economics Forum: Ten Things to Know About Homelessness in Canada

This afternoon I gave a presentation at Raising the Roof’s Child & Family Homelessness Stakeholder Summit in Toronto. My slide deck can be downloaded here. To accompany the presentation, I’ve prepared the following list of “Ten Things to Know About Homelessness in Canada.”

1.Efforts to enumerate persons experiencing homeless have generally been spotty, but it . . . → Read More: The Progressive Economics Forum: Ten Things to Know About Homelessness in Canada

The Progressive Economics Forum: Dix Choses à Savoir sur l’Itinérance au Canada

Cet après-midi, j’ai fait une présentation au Child & Family Homelessness Stakeholder Summit, organisé par Chez Toit, à Toronto. Ma presentation, illustrée de diapositives, peut être téléchargée ici. Pour accompagner la présentation, je vous ai préparé la liste suivante des « Dix choses à savoir sur l’itinérance au Canada. »

1. Les tentatives de dénombrer . . . → Read More: The Progressive Economics Forum: Dix Choses à Savoir sur l’Itinérance au Canada

The Progressive Economics Forum: ROCHON: Harper in closet over the economy as Canada heads toward another recession

This guest blog post has been written by Louis-Philippe Rochon.

You can follow him on Twitter @Lprochon

Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by surprise. Harper is spending considerable political energy beating the drums of war against terrorists, and introducing a far-reaching, and much condemned, bill aimed at restricting . . . → Read More: The Progressive Economics Forum: ROCHON: Harper in closet over the economy as Canada heads toward another recession

The Progressive Economics Forum: Rochon Asks: “Is the Canadian economy unraveling?”

In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy.

The link to the blog post is here.

Follow him on Twitter @Lprochon.

The Progressive Economics Forum: Banks and Balanced Budgets

The Bank of Canada surprised most analysts this week when it decided to cut rates by 25 basis points. The move comes after the price of oil has tumbled below $50 / barrel, oil producers announced huge cuts to business investment for 2015, Target announced a mass layoff of 17,600 workers in Canada, and the . . . → Read More: The Progressive Economics Forum: Banks and Balanced Budgets

The Progressive Economics Forum: Why the economy sucks (in one chart)

(The following is something I’ve prepared for the next issue of CUPE’s Economy at Work, a popular economics quarterly publication I produce.)

In his annual Economic and Fiscal Update (EFU), finance minister Joe Oliver told Canadians that while the federal government will finally record a surplus next year after seven years of deficits, we can’t . . . → Read More: The Progressive Economics Forum: Why the economy sucks (in one chart)

The Progressive Economics Forum: New Issue of Review of Keynesian Economics

A guest blog post from Louis-Philippe Rochon:

Dear friends and colleagues,

The new issue of the Review of Keynesian Economics (ROKE) is now out, and you can find it here. It features an interesting symposium on ‘Steve Keen and his critics’, and contains not only a paper by Steve Keen, but replies by Marc Lavoie, . . . → Read More: The Progressive Economics Forum: New Issue of Review of Keynesian Economics

The Progressive Economics Forum: New Issue of Review of Keynesian Economics

A new issue of the Review of Keynesian Economics is now out, and you can find it here. It features a symposium on ‘Steve Keen and his critics’, a paper by Steve Keen, and replies by Marc Lavoie, Tom Palley, and Brett Fiebiger. The Keen and Lavoie papers are available free for downloading. Here is . . . → Read More: The Progressive Economics Forum: New Issue of Review of Keynesian Economics

The Progressive Economics Forum: Flaherty’s Legacy: Ideological, reckless and just plain lucky

This piece was originally published at the Globe and Mail’s online Report on Business feature, EconomyLab.

There are two reasons why it is difficult to comment on the legacy of a finance minister.

1) It is a tremendously challenging job, anywhere, any time. Stewarding one of the largest economies in the world through a . . . → Read More: The Progressive Economics Forum: Flaherty’s Legacy: Ideological, reckless and just plain lucky

mark a rayner | scribblings, squibs & sundry monkey joys: Know your branches of economics

This comic does in one cartoon what the first chapter of Debt, the First 5000 Years does (pretty well) in one chapter. Alltop is a macro-humor generator.

The Progressive Economics Forum: Niall Ferguson’s Latest Idiocy

As I discussed in an earlier post, Niall Ferguson, the Harvard historian and author of numerous bad books about economics, is prone to writing and saying completely ignorant things, making one wonder about the intellectual heft of so-called academic “stars” who populate our institutions of higher learning.

The latest bit of idiocy uttered by Ferguson . . . → Read More: The Progressive Economics Forum: Niall Ferguson’s Latest Idiocy

The Progressive Economics Forum: Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor

 

1. He’s Number Two: Stephen Poloz was widely acknowledged in economic and political circles as the second-best choice for the top job at the Bank of Canada. So the surprise was not that he was chosen. The surprise was, Why Not Tiff Macklem? Will someone please find out and tell the rest of us?

. . . → Read More: The Progressive Economics Forum: Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor

The Progressive Economics Forum: Getting the Facts Straight on EI Changes

In a guest post at the Broadbent Institute, I flesh out some of the impacts of EI changes with three (fairly typical) hypothetical stories of unemployed Canadians. There are certainly more extreme consequences felt by some already. At least these folks have access to the Board of Referees. Many fear that access to natural justice . . . → Read More: The Progressive Economics Forum: Getting the Facts Straight on EI Changes

The Progressive Economics Forum: A Green Industrial Revolution

Today the CCPA released a new big picture report by myself and student researcher Amanda Card calling for a Green Industrial Revolution. The report builds on work done for the BC-focused Climate Justice Project, bringing to bear a national analysis of green and not-so-green jobs. We take a close look at GHG emissions and employment . . . → Read More: The Progressive Economics Forum: A Green Industrial Revolution

The Progressive Economics Forum: Canada’s Self-Imposed Crisis in Post-Secondary Education

On June 7, I gave a keynote address to the Alberta Union of Provincial Employees Education Sector Conference. My PowerPoint presentation (with full references) can be found at this link.

Points I raised in the address include the following:

-Canada’s economy has been growing quite steadily over the past three decades, even when one adjusts . . . → Read More: The Progressive Economics Forum: Canada’s Self-Imposed Crisis in Post-Secondary Education

The Progressive Economics Forum: Quebec Tuition: Between a Rock and Hard Place?

In the context of student protests over Quebec tuition fees, my friend Luan Ngo has just written a very informative blog post on Quebec’s fiscal situation.

While I encourage readers to read his full post, I do want to use the present space to make mention of three important points he makes:

-On a per . . . → Read More: The Progressive Economics Forum: Quebec Tuition: Between a Rock and Hard Place?

The Progressive Economics Forum: The Times they Are a Changing: The MMT Wave Begins

Take a look at the picture below. Take it in. Now scan your eyes to the far right…there, in faded blue you’ll see the initials MMT. Now zoom out. Take it in again. Notice: a few hundred people. Spending their time learning about an economic theory called Modern Monetary Theory or MMT and its application . . . → Read More: The Progressive Economics Forum: The Times they Are a Changing: The MMT Wave Begins

Red Tory v.3.0.3: Kunstler on the Political Economy

RT interviews James Howard Kunstler on a range of topics including the current state of the global economy, the de-legitimization of the U.S. political system, and, of course, his thoughts about the OCW movement. At the outset, Kunstler makes a … Continue reading . . . → Read More: Red Tory v.3.0.3: Kunstler on the Political Economy

The Progressive Economics Forum: Fighting Unemployment

I was sorry to miss a celebration of the life and work of Ian Stewart organized by the Centre for the Study of Living Standards last Friday night. Ian was a former senior economic official back in the now distant days of Keynesian dominance, including a stint as Deputy Minister of Finance which will be […] . . . → Read More: The Progressive Economics Forum: Fighting Unemployment

The Progressive Economics Forum: The Macro-Economics of Financing Employment Insurance

The federal government has launched consultations on EI premium setting. This provides the opportunity to shift from a very ad hoc system to one that is more fair to workers, and more economically rational. The current worker premium is $1.78 per $100 of insured earnings and the employer premium is $2.49 per $100, adding to […] . . . → Read More: The Progressive Economics Forum: The Macro-Economics of Financing Employment Insurance

They Call Me "Mr. Sinister": It Isn’t That They Are Stupid Exactly

But Wall Streeters have been making so much money trading worthless pieces of shit back and forth to each other, over the last couple of decades, that they haven’t a notion about how a real capitalist economy works. They saw what was going on in Washi… . . . → Read More: They Call Me “Mr. Sinister”: It Isn’t That They Are Stupid Exactly

The Progressive Economics Forum: Navigating challenging economic waters

Down south, the Obama administration is in a dangerous game of chicken with Republican congressional leaders, who are cynically holding the US economy hostage in order to impose a radical agenda of spending cuts. Obama has seemingly bought into the rhetoric of cutting debt, rather than focusing on the real US problem of unemployment. Yet, […] . . . → Read More: The Progressive Economics Forum: Navigating challenging economic waters