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  • A critical look at BC’s new tax breaks and subsidies for LNG May 7, 2019
    The BC government has offered much more to the LNG industry than the previous government. Read the report by senior economist Marc Lee.  
    Canadian Centre for Policy Alternatives
  • The 2019 living wage for Metro Vancouver April 30, 2019
    The 2019 living wage for Metro Vancouver is $19.50/hour. This is the amount needed for a family of four with each of two parents working full-time at this hourly rate to pay for necessities, support the healthy development of their children, escape severe financial stress and participate in the social, civic and cultural lives of […]
    Canadian Centre for Policy Alternatives
  • Time to regulate gas prices in BC and stop industry gouging April 29, 2019
    Drivers in Metro Vancouver are reeling from record high gas prices, and many commentators are blaming taxes. But it’s not taxes causing pain at the pump — it’s industry gouging. Our latest research shows that gas prices have gone up by 55 cents per litre since 2016 — and the vast majority of that increase […]
    Canadian Centre for Policy Alternatives
  • CCPA welcomes Randy Robinson as new Ontario Director March 27, 2019
    The Canadian Centre for Policy Alternatives is pleased to announce the appointment of Randy Robinson as the new Director of our Ontario Office.  Randy’s areas of expertise include public sector finance, the gendered rise of precarious work, neoliberalism, and labour rights. He has extensive experience in communications and research, and has been engaged in Ontario’s […]
    Canadian Centre for Policy Alternatives
  • 2019 Federal Budget Analysis February 27, 2019
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis  Aim high, spend low: Federal budget 2019 by David MacDonald (CCPA) Budget 2019 fiddles while climate crisis looms by Hadrian Mertins-Kirkwood (CCPA) Budget hints at priorities for upcoming […]
    Canadian Centre for Policy Alternatives
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Socialism For Realists

I recommend reading Sam Gindin’s paper “Socialism for Realists” to be found in the current issue of the relatively new socialist journal, Catalyst. Sam spent most of his working life as a union economist and assistant to the President of the CAW, and writes often with Leo Panitch, most notably as co-authors of The Making […]

Crashed: How a Decade of Financial Crises Changed the World

Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and is far from definitively behind us. Indeed, many fear, with good reason, that the recent, uneven and lethargic global recovery may soon come to an […]

Value Creation vs Value Extraction in Today’s Economy

Book Review Mariana Mazzucato. The Value of Everything: Making and Taking in the Global Economy. Allen Lane. 2018. The playwright Oscar Wilde quipped that a cynic is a person who “knows the price of everything and the value of nothing.” As Mariana Mazzucato argues in her important and stimulating new book, “The Value of Everything,” […]

How to Measure and Monitor Poverty? LIM vs LICO vs MBM.

The federal government has promised to launch a Canadian Poverty Reduction Strategy in the coming weeks or months on the basis of now completed consultations with Canadians and the still ongoing deliberations of an advisory committee. As part of this process, there has been discussion about which poverty or low income measure or measures should […]

Budget Fails to Crack Down on Private Corp Tax Shelter

The federal Budget changed the rules a bit re the taxation of passive investment income in private corporations, but falls well short of what was promised in terms of extra revenues and more tax fairness. The “small business” lobby helped the wealthy big time. http://www.broadbentinstitute.ca/andrew_ajackson/wealthy_get_off_lightly_from_budget_2018_changes_to_the_private_corporation_rules     Enjoy and share:

The Stock Market Jitters

The real problem is the absence of a sustainable growth model. My latest Globe ROB column.     Enjoy and share:

The Working Poor and the Working Income Tax Benefit

Here is a short research paper I wrote for the Broadbent Institute. https://d3n8a8pro7vhmx.cloudfront.net/broadbent/pages/7073/attachments/original/1519312305/Canada’s_Working_poor_and_the_Working_Tax_Benefit_-_Report.pdf?1519312305 And here is a short summary: The Liberal government have promised to make progressive changes to the Working Income Tax Benefit (WITB) in next week’s budget. Let’s hope that they deliver. The increased insecurity of work and low hourly wages for many […]

Smooth Sailing Ahead For the Global and Canadian Economy?

The consensus forecast of just about everybody – the IMF, the OECD, the Bank of Canada, the Canadian banks – is that Canada will share in a global recovery from the stagnation which followed the financial crisis of a decade ago. All of the major economies – the US, the EU, China, Japan – are […]

Extreme Wealth Inequality Persists

There was little or no media coverage of the release of data on the distribution of the wealth of Canadians in 2016 last week, perhaps because there has been little or no change since the last Survey of Financial Security in 2012. The top 20% of Canadians own 67.3% of all net worth (assets of […]

The Private Corporation Tax Loophole and the Ultra Rich

The 2017 Economic and Fiscal Update provides some detailed data (see pp. 51-53) on who will be impacted by the government’s plan to limit how much passive investment income can be earned in a private corporation. Income from investments held in a private corporation is taxed at a lower rate than investments held by a […]

Unwarranted Gloom and Doom: The IMF on Canada and NAFTA

To read the media today, one would think that NAFTA is a keystone of Canadian prosperity and that renegotiation could lead to a national economic disaster. That view has already been rebutted in a report by Scott Sinclair for the Canadian Centre for Policy Alternatives. He finds that a reversion to WTO tariffs and trade […]

The NDP and Old Age Security

NDP leadership candidate Jagmeet Singh has proposed (with few details) to reform the current Old Age Security system by integrating Old Age Security (OAS) and the Guaranteed Income Supplement (GIS.) “A Jagmeet Singh-led government will implement the Canada Seniors Guarantee to ensure that no Canadian senior has to live in poverty. The Canada Seniors Guarantee […]

Canada Lags in Job Quality

The 2017 OECD Employment Outlook provides an assessment of member country performance in terms of the quantity and quality of employment as judged by a new set of key indicators. Overall, we do well in terms of job quantity. The employment rate (the proportion of the working age population with jobs) stands at 72.5% compared […]

The Wage Structure, Rents and Urban Inequality in Canada

Richard Florida’s new book, The New Urban Crisis (Basic Books, 2017) takes a careful look at rising inequality in big cities in the United States. He details the fact that many of the winners of today’s economy, the top 1% and top 10%, are located in a small number of “superstar” cities such as New […]

Income Inequality Surged Under Harper

Just as Conservatives gathered to elect a new leader, Statistics Canada released income data for 2015. These allow us to look at trends under the full term of the Harper Government from 2006 to 2015. Average after tax income of economic families rose over this period – from $68,200 to $76,900 in inflation-adjusted dollars. But […]

The 2017 Federal Budget

Here is the link to my analysis and comments re the Limits of Liberalism. http://www.broadbentinstitute.ca/andrew_ajackson/2017_federal_budget_end_of_progress Enjoy and share:

Reflections on the Social Democratic Tradition

The Broadbent Institute and Douglas-Coldwell Foundation have just published a paper of mine as part of a larger project on social democratic renewal, The paper is mainly retrospective, and touches on social democracy as an approach to economic policy. Comments are most welcome. The link is here: http://www.broadbentinstitute.ca/reflections_on_the_social_democratic_tradition 1.0 Executive Summary: The purpose of this […]

Post Capitalism

Here is a link to my review of an extremely interesting new book by Guardian economics and political columnist Paul Mason. “Paul Mason is a leading British economic journalist, currently a columnist for The Guardian. He is also a long time left political activist. His new book, Postcapitalism: A Guide to Our Future (Farrar, Strauss […]

The 2016 Federal Budget

Here is a link to the Broadbent Institute pre Budget Submission, trying to push the Liberal platform in a more progressive and social democratic direction. http://www.broadbentinstitute.ca/budget_2016_charting_progressive_agenda   Enjoy and share:

New Study on Positive Economic Impacts of Public Infrastructure Investment in Canada

A five-year $50-billion public infrastructure spending initiative would generate a return on investment to Canadians over the long term as high as $3.83 per dollar spent, trigger significant private sector investment and stimulate wage increases, according to a new study by an independent economic modelling firm. The Economic Benefits of Public Infrastructure Spending in Canada, […]

Job Vacancies

Congratulations to Statscan on the occasion of the first release from the National Job Vacancy and Wage Survey, with data for the first quarter of this year. The survey received funding from HRSDC to put some hard numbers on job vacancies, and the first tranche of data are impressively granular, providing detail on vacancies at […]

Canada After Harper

Here is the link to buy a new book, Canada After Harper,  edited by Ed Finn and with an introduction by Ralph Nader, just published by Lorimer. Most Canadians know that Stephen Harper has had a tremendous impact on the country since becoming prime minister in 2006. But few have the in-depth knowledge of how […]

The Return of the Gilded Age: Consequences, Causes and Solutions

On April 8, I had the honour of delivering the Harry Kitchen Lecture in Public Policy at the invitation of the Department of Economics at Trent University. I took the opportunity to offer a broad reflection on economic inequality, arguing that while inequality is inherent in capitalism, too much inequality undermines economic as well as […]

The Harper Record on Jobs, 2006 to 2014

Here is the link to a short study I have done for the Broadbent Institute on the Harper Record on Jobs from 2006 to 2014 based on annual averages from the Labour Force Survey. Coverage in today’s Toronto Star is here. The basic findings, that there is still a lot of slack in the job […]

Harper Conservatives vs the IMF on Deficits

Here is an extract from my column on balanced budgets in the Globe ROB today. “When it comes to balancing the books, the Harper government is seemingly more Catholic than the Pope. Even the International Monetary Fund (IMF), hardly big fans of high government spending, argue in their latest Country Report released in January that […]

The Ecofiscal Commission and Polluter Pay

From iPolitics, here is my constructively critical take on the first discussion paper of the new Commission chaired by Chris Ragan. In a nutshell, polluter pay is a good idea, and it is good to see such a mainstream crowd endorse the principle, but the principle of recycling the increased revenues to personal and corporate […]

More on Secular Stagnation

Here is the link to a piece I wrote for the Globe on line this week re an interesting new eBook on secular stagnation.  I am struck by the fact that several eminently mainstream economists, mainly in the US but also Blanchard at the IMF,  see a need for public investment to drive growth, given […]

Is r>g in Canada?

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 […]

Review of Capital in the Twenty-First Century by Thomas Piketty

Capital in the Twenty-First Century by Thomas Piketty (Belknap Press, 2014) is the economics publishing sensation of our times, especially in the United States. Currently the number one seller on the US Amazon web site and widely debated in the “blogosphere”, this long book is being favourably compared to the seminal works of Adam Smith, […]

Pikkety on Capital in the 21st Century (Tom Palley)

I have just finished Piketty’s magnum opus which is clearly one of the most important economic books of our time. I am still trying to digest the theoretical argument. Below I provide a link and intro to an important commentary by Tom Palley who argues that Pikkety is too close to the neo classical paradigm […]