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Archive for 'economic thought'

(Macro) Econ 101

On December 2, Chris Ragan wrote a column for the Globe and Mail titled “Another (Macro) Defense of Econ 101.”  The link to his column is available here .  My brief reply was published in the Globe and Mail on December 13.  The full version is below: Professor Ragan defends conventional (macro) Econ 101 as a pedagogical tool […]

Economics 101

On October 21, Chris Ragan wrote a column for the Globe and Mail titled “In defence of Economics 101.”  The link to his column is available here. On October 24, Marc Lavoie, Louis-Philippe Rochon and Mario Seccareccia replied to him.  The link to their response is available here.

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, […]

PEF Events at This Year’s Annual Conference of the CEA

For the 15th consecutive year, the Progressive Economics Forum (PEF) will be sponsoring events at the Annual Conference of the Canadian Economics Association (which takes place this month in Vancouver).  PEF events will take place this Friday and Saturday; details pertaining to all PEF events can be found at this link. Once again this year, […]

People are hungry for economics that works for people and the planet

As economics students around the world demand change in the curriculum and challenge their professors to open classrooms to pluralism in perspectives and views, the interest in heterodox economics is growing here in Canada too. You can see in the tremendous interest to this year’s PEF Summer School in heterodox economics, which we titled Economics […]

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 […]

2014 PEF Summer School in Heterodox Economics

The Progressive Economics Forum (PEF) will host a Summer School in Heterodox Economics in Vancouver on May 29, 2014, prior to Canadian Economics Association annual conference in Vancouver from May 30 to June 1, 2014. The Summer School is aimed at undergraduate and graduate students of economics or related fields, and working economists in academia, […]

What Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas

What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas. This is Part 4 of 5 sequential blog entries. – Bernard Vallageas Vice-président de l’Association pour le Développement des Etudes Keynésiennes […]

What Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia

What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas. This is Part 3 of 5 sequential blog entries. – Mario Seccareccia Professor of Economics, University of Ottawa Editor, International […]

What Have we Learned From the Financial Crisis? Part 2: Louis-Philippe Rochon

What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas. This is Part 2 of 5 sequential blog entries. – Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Founding co-editor, […]

What Have we Learned From the Financial Crisis? Part 1: Marc Lavoie

What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas. Parts 2, 3, 4 and 5 will follow in subsequent blog posts. – Marc Lavoie Professor of Economics, University of Ottawa […]

More on Secular Stagnation

Tom Palley has an interesting piece on his blog re differing approaches to the theme of secular stagnation, drawing a distinction between Marxist and structural Keynesian perspectives. As he notes, neo liberals such as Summers  have got on the bandwagon without really exploring in depth the roots of the problem.

The Staple Theory @ 50: Mel Watkins

We now present the final installment in our autumn-long series of special commentaries marking the 50th anniversary of the publication of “A Staple Theory of Economic Development,” the classic article by Mel Watkins published in the Canadian Journal of Economics and Political Science in 1963.  We have invited Mel himself to provide a rejoinder to […]

The Staple Theory @ 50: Index of Contributions

Here for ease of access is a consolidated listing (in order of posting) of the contributions to the special series of commentaries we have posted this autmn marking the 50th anniversary of the publication of Mel Watkins’ classic 1963 article, “A Staple Theory of Economic Development” (Canadian Journal of Economics and Political Science, 29/2, pp. […]

The Staple Theory @ 50: Jim Stanford

Winter is now officially upon us, and so it is time to conclude our autumn-long series of special commentaries marking the 50th anniversary of Mel Watkins’ classic article, “A Staple Theory of Economic Development.” To wrap up the series, I would like to throw my own views into the brew.  I argue here that Watkins’ […]

The Staple Theory @ 50: Gerry Helleiner

One remarkable and gratifying aspect of our special series of commentaries marking the 50th Anniversary of Mel Watkins’ classic 1963 article on staple theory, is the interest and input it has generated from researchers and scholars who have applied Mel’s work in various capacities, in Canada and internationally.  One such contributor is Gerry Helleiner, a […]

The Staple Theory @ 50: Duncan Cameron

We are nearing the end of our series of special commentaries celebrating the 50th anniversay of the 1963 publication of Mel Watkins’ classic article, “A Staple Theory of Economic Growth.”  Here is a fascinating historical retrospective on the influence of Innis and Watkins on Canadian political-economy by Duncan Cameron, President of rabble.ca, former President of […]

Secular Stagnation

I have written a couple of pieces for Economy Lab in the Globe and Mail recently on the issue of secular stagnation. (Links below) The term was coined by the pioneering American Keynesian Alvin Hansen who argued that the US economy of the late 1930s faced a long period of stagnation due to a chronic, […]

The Staple Theory @ 50: Marjorie Griffin Cohen

The latest entry in our continuing series of commentaries marking the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Growth,” we present the following contribution by Mel’s long-time collaborator, Marjorie Griffin Cohen.  Marjorie considers the gender dimensions of staple analysis. Staples Theory: Its Gendered Nature Marjorie Griffin Cohen […]

The Staple Theory @ 50: Alberto Gago

Here is an entry from the Global South in our continuing series of commentaries marking the 50th anniversary of Mel Watkins’ classic article, “A Staple Theory of Economic Growth.”  Dr. Alberto Daniel Gago teaches political economy at the National Universities of San Juan and Cuyo-Argentina.  He is a long-time collaborator of Mel’s, and has written extensively […]

The Staple Theory @ 50: Daniel Poon

We continue our special series of commentaries marking the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Growth,” with the following contribution from Daniel Poon.  Daniel is one of Canada’s leading experts on the theory and practice of industrial policy, and the successfull industrialization experience of East Asia. He is […]

The Staple Theory @ 50: Alistair and Sheila Dow

Here is a very intriguing and creative entry in our continuing series of commentaries marking the 50th Anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Growth.”  We are delighted to have the participation of Alistair and Sheila Dow, two leading heterodox economists from the U.K.  They argue here, in […]

The Staple Theory @ 50: Thomas Gunton

Here is the latest installment in our continuing series of commentaries celebrating the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Growth.”  This commentary is from Mel’s long-time collaborator Thomas Gunton, Director of the Resource and Environmental planning Program at Simon Fraser University.  Gunton’s submission, supplemented by an […]

Staple Theory @ 50: Daniel Drache

As part of our continuing series of commentaries marking the 50th Anniversary of the publication of Mel Watkins’ classic article “A Staple Theory of Economic Development,” we present the following submission by Daniel Drache, Professor Emeritus of Political Science at York University, and prolific writer on the nature of Canadian political-economic development.  Here Daniel considers […]

The Staple Theory @ 50: Hugh Grant

As part of our continuing series of special commentaries marking the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Development,” we present the following contribution by Hugh Grant from the Economics Dept. at the University of Winnipeg.  Grant is a former student of Mel’s, and an important chronicler of […]

The Staple Theory @ 50: Marc Lee

As part of our continuing series of commentaries celebrating the 50th anniversary of Mel Watkins’ classic article, “A Staple Theory of Economic Growth,” we present the following commentary by Marc Lee, economist with the B.C. office of the Canadian Centre for Policy Alternatives.  Marc considers the implications — both economic and environmental — of the current […]

The Staple Theory @ 50: Brendan Haley

As part of our continuing special series celebrating the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Development,” we present here an innovative and provocative commentary by Brendna Haley, Ph.D. candidate at Carleton University and author of several recent works on green industrial policy.  Haley argues there is […]

The Staple Theory @ 50: Dan Ciuriak

As part of our special series celebrating the 50th anniversary of the publication of Mel Watkins’ classic article, “A Staple Theory of Economic Development,” we present the following commentary by Dan Ciuriak.  Dan was the co-author of a provocative IRPP paper earlier this year on the need for a modern, revitalized industrial policy capacity in […]

The Staple Theory @ 50: Gord Laxer

The next installment in our special series of commentaries celebrating the 50th anniversary of Mel Watkins’ classic article on staple theory, focuses our attention on the latest staple boom to remake Canada’s economy: the bitumen sands of northern Alberta.  The author is Gordon Laxer, founding Director of the Parkland Institute at the University of Alberta.