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Here is a little bit of rainy day economic doodling that may be of interest. Piketty famously argues that there is a tendency for r – the rate of return on capital- to exceed g- the rate of growth of income. If r>g, wealth and income inequality will grow inexorably since ownership of capital and […]
In my many years documenting and critiquing the overblown claims of free trade proponents about the supposedly self-regulating efficiency-promoting mutually-benefiting effects of globalization, I’ve encountered some real doozies.Â
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, […]
Erin does a nice job of documenting the fact that the number of EI recipients is falling, despite the fact that unemployment is rising. But it seems to me that the crisis in EI is forever falling on deaf ears.Â Even though only 37.5% of unemployed workers are receiving EI, pundits and politicians feel that the […]
Statistics Canada reported today that the number of people receiving Employment Insurance (EI) benefits fell by 12,070 in May â€“ the largest drop in nearly two years. (The last time Statistics Canada records indicate a larger decrease was 12,670 in July 2012.) This substantial decline in EI benefits comes as unemployment is rising. The Labour […]
When it comes to global warming, the Intergovernmental Panel on Climate Change notes that what matters is the total volume of greenhouse gas emissions going forward. This amounts to about 30 years of emissions at current levels â€“ a globalÂ carbon budgetÂ thatÂ would provide the world a 66% chance of staying below 2Â°C. There is some debate […]
Earlier today, over at the Northern Public Affairs web site, I blogged about a recent (and controversial) decision made by the Yukon government about affordable housing in the Yukon. Â Points raised in the blog post include the following: -Very little affordable housing gets built in Canada without federal assistance. -Without financial assistance from senior levels […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, Conservative government, fiscal federalism, housing, Indigenous people, NDP, party politics, poverty, Role of government, social policy, Yukon.
July 15th, 2014
Further to Angellaâ€™s excellent analysis: Statistics Canada reported today that unemployment jumped by 25,700 in June because of shrinking employment and a growing labour force. Canadaâ€™s labour force expanded because of population growth, even though the participation rate did not increase. The combination of less employment and a larger working-age population depressed the employment rate […]
Statistics Canada’s release of job numbers for June look truly dismal. The unemployment rate rose to 7.1%, and there was a loss of 9,400 jobs compared to May. Â Year over year, employment rose by only 72,000. That’s a weak 0.4% and the lowest year-over-year increase since February 2010. An even worse sign – all of […]
The fur trade in Canada is often said to have been less malign than in the US, and it was, but that doesn’t say much given the extraordinary disruption it is said to have createn in colonial America by the American historian Bernard Bailyn in his recent (2012) book, appropriately titled The Barbarous Years: The […]
“The interpretation of the history of North America in terms of rum and brandy has not been written, but in the fur trade, rum represented the contribution of the West Indies to trade of the Old Empire, and brandy the emphasis on French vineyards and self-sufficienty.” Innis, 1933 So far as I know, still not […]
Kari Polanyi Levitt, one of own, has been given the Order of Canada. Congratulations to Kari. Richly deserved.