We need public investment

http://news.guelphmercury.com/Opinions/article/409306 Today’s economic update by Jim Flaherty must provide investment in jobs the canadian press November 27, 2008 Ken Georgetti Federal Finance Minister Jim Flaherty must use today’s economic update to become part of the solution to our ever deepening economic crisis. Governments, leading economists and even the International Monetary Fund agree that cutting interest rates alone will not save […]

Read more

Life After the Economic Crisis

Much has been written on this blog about immediate responses to the crisis. We have analyzed proposed measures in depth and advocated for bold novel solutions. But it seems to me that we haven’t spent much time looking forward a little past the here and now. Last week, I was contacted by a Montreal-based journalist, Alex Roslin, who was looking […]

Read more

Open Letter from Canadian Economists

The Progressive Economics Forum’s open letter is now making the rounds. Signatories include four chairs of economics  departments, two former Presidents  of the Canadian Economics Association, a former federal  Secretary of State (Finance), and  a former Quebec Minister  of  Industry. Here’s the text and the 88 signatories: Open Letter from Canadian Economists on the Current Economic Crisis and the Appropriate […]

Read more

Galbraith’s Predator State

James Galbraith bats this one out of the park: Years ago, I realized that the free-market, supply-side crowd, true conservatives who’d ridden high with Reagan, dislike Bush as much as I do. I speak of the hard money, low-tax, Wall Street Journal, deregulate-and-privatize team, the nemeses of my youth, people like Bruce Bartlett, Paul Craig Roberts, the late Jude Wanniski. […]

Read more

Obama. Galbraith. Hope.

It’s not often that I get my hopes up about a potential volte-face in the way we talk and think about economics at the policy and political level but this is by far the best news I’ve heard in a long long time. It seems that our very own Jamie Galbraith, scion of John Kenneth Galbraith and keynote speaker for […]

Read more

Labour’s Agenda

http://canadianlabour.ca/index.php/policy_papers I commend to your attention the policy papers which will be presented for discussion and debate at the CLC Convention, which convenes the week after next in Toronto.  Progressive economists  Mike McCracken and Armine Yalnizyan will help kick-off discussion on the Good Jobs and Growing Gap papers respectively. Though neither they nor the progressive economics community had a direct […]

Read more

Now that the pendulum is swinging back …

Andrew Jackson closes his lengthy and excellent post on the fallout of the US financial crisis with this paragraph (which I repeat here only because Andrew’s post was so comprehensive): We are at a moment when progressives will have to move from critique to prescription. As Naomi Klein argued in the Shock Doctrine, neo liberalism took advantage of past crises […]

Read more

Beyond Defending the State

PEF member Tom Slee sends this missive challenging the Left: The recent blog post by Robert Chernomas and Ian Hudson is a wholesome read. It reminds us that markets and private enterprise deserve less credit than they receive for our current prosperity, such as it is; it lays out the contribution of the state to innovation; it reminds us that […]

Read more

Manifesto Destiny

In my holiday reading were two manifestos – how often can you say that? The first arrived by mail just before the break, the Manifesto on Global Economic Transitions, published in September 2007 by the International Forum on Globalization, the Institute for Policy Studies, and the Global Project on Economic Transitions (I will dub this the IFG Manifesto). The second […]

Read more

Canada’s Un-Development and the Loonie

The Commons Finance Committee, spurred by my old debating opponent John McCallum, is holding hearings in the next two weeks on the economic and fiscal consequences of the loonie’s unsustainable flight. (I kind of miss crossing swords with John, actually: In the good old days he was the evil but friendly Bay Street banker, justifying federal spending cuts — and […]

Read more

Inequality and progressive taxation

As Andrew Jackson points out, there are some interesting musings in the US about progressive taxation. In a recent post, Mark Thoma cites four good reasons for progressive taxation: Personally, I’m not much on redistribution simply to make outcomes more equal. But there are (at least) three reasons to depart from this. First, when there is change such that makes […]

Read more

Leading US Neo Liberals Take on the Case for Taxing the Rich

http://www1.hamiltonproject.org/views/papers/furman/200706summers_bordoff.htm At the Canadian Economics Association, I presented a paper (to be published by the CCPA Inequality Project this Fall) on the case for more progressive taxation of income. In a nutshell,  my argument was that the tax side of the tax/transfer system must be relied on more to counter growing income inequality, since only the tax side can close […]

Read more

Staples and Beyond – Selected Writings by Mel Watkins

New 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 more

Agenda for Shared Prosperity

http://www.epi.org/ A project of the Economic Policy Institute in Washington, this  involves some 50 economists and policy specialists in the task of developing a new, progressive US economic policy agenda. The link from the EPI web site leads to some good papers by Jeff Faux on trade, and Richard Freeman and others on unions, as well as a recent presentation […]

Read more

More progressive economics

Announcing the Center for the Applied Study of Economics & the Environment, a new US grouping of progressive economists. Here is their manifesto: Real People, Real Environments, and Realistic Economics The wealth and power of humanity in the 21st century could be used to create a far better world. We write as economists who are troubled by environmental degradation and […]

Read more

Compass U.K. Progressive Economic Program

I shared the podium recently in Sydney with Neal Lawson, who is the chairperson for a very interesting U.K. initiative called Compass.   As far as I can tell, Compass is kind of a cross between a think-tank and an activist network.  Its explicit goal has been to challenge the right-wing policies of the New Labour leadership.  It functions largely, but […]

Read more
1 2 3 4