Perhaps telegraphing some of his coming remarks in Halifax when he joins the Progressive Economics Forum for the inauguration of the John Kenneth Galbraith Prize in Economics, James Galbraith reflects on his father’s The New Industrial State. If you find yourself in Halifax on June 3, noon, please join us at Dalhousie’s McCain Building, Room 2017 (note this is a […]
Read moreNew from McGill- Queen’s Press, this collection of Mel’s writings – edited by Hugh Grant and David Wolfe with an introduction by Wally Clement- is Canadian political economy at its very best. http://mqup.mcgill.ca/book.php?bookid=2001 Not only is Mel the leading post Harold Innis exponent of Canadian political economy, he was a key architect of the important synthesis between this intellectual tradition […]
Read moreSupply-side economics (and its trickle-down theory) is a zombie, intellectually dead but continuing to roam the halls of the public debate. Witness the 2001 BC elections and the mantra “tax cuts pay for themselves”, a free-lunch argument that we can have tax cuts and not have to pay a price in terms of cutting social programs (note: as of 2007, […]
Read moreOver at Economist’s View, Mark Thoma got a snowball rolling (trickling?) downhill by citing a revisionist article by Bruce Bartlett on the history and legacy of supply-side economics. He then put forward a lengthy and useful theoretical response, after which all kinds of interesting commentary followed. I have taken this updated post for a summary, which includes the original oped […]
Read moreRichard Parker of Harvard probes the legacy of John Kenneth Galbraith, perhaps in anticipation of the Progressive Economics Forum’s soon-to-be-inaugurated John Kenneth Galbraith Prize in Economics (at the Canadian Economics Association meetings in Halifax this June). From the Post-Autistic Economics Review: Does John Kenneth Galbraith Have a Legacy? … I think it would behoove all of us today to attend, […]
Read moreIn his presidential address to the American Economics Association, Nobel laureate George Akerlof points to a new agenda for macroeconomics, rooted in more realistic assumptions about human behaviour. Below is the abstract and introduction. The full paper is here. Economist’s View’s coverage also includes a New York Times article that interviews Akerlof about his views (here). The Missing Motivation in […]
Read moreA nice summary of the legacies of Galbraith and Friedman, with a strong plug for Galbraith and what the economics profession lacks due to his death. I should note that the Progressive Economics Forum will be creating a John Kenneth Galbraith Prize at this year’s Canadian Economics Association meetings. Jamie Galbraith has given his backing and will be in Halifax […]
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