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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,” […]

The political economist Karl Polanyi, author of the 1944 volume The Great Transformation: The Political and Economic Origins of Our Time, is arguably better known today than during his lifetime. The time has come for a major biography of Polanyi, Karl Polanyi: A Life on the Left by Gareth Dale. It is thoroughly excellent and […]

Just published is Volume I of an exhaustive – occasionally exhausting – biography of Paul Samuelson. It’s titled?Founder of Modern Economics: Paul A Samuelson Vol I:?Becoming Samuelson,?1915-1948 and authored by Roger E Backhouse. The two books of my blog title are?Foundations of Economic Analysis,?published in 1947, a revision of Samuelson’s Harvard doctoral dissertation, in which […]

I’ve written a blog post about this year’s Alternative Federal Budget (AFB). Points raised in the blog post include the following: -This year’s AFB would create 470,000 (full-time equivalent) jobs in its first year alone. By year 2 of the plan, 600,000 new (full-time equivalent) jobs will exist. -This year’s AFB will also bring in […]

Yesterday I spoke on a panel discussion on economic inequality, along with Andrew Jackson and Armine Yalnizyan. We were guests at the federal NDP’s policy convention in Ottawa. The panel was moderated by Guy Caron. Topics covered included the minimum wage, basic income, affordable housing, the future of jobs, gender budgeting, poverty among seniors, Canadian […]

Stephen Clarkson: Political Economist with a Global Vision (1937 – 2016) Marjorie Griffin Cohen and Daniel Drache Stephen Clarkson died early in 2016 in Freiburg, Germany and Canada lost someone very special. Stephen was a Professor in Political Science at the University of Toronto and engaged in teaching, research and writing until his death. He […]

I’ve just written a blog post about social assistance in Alberta. Points raised in the post include the following: -It’s very difficult to quality for social assistance in Alberta (this is also the case in all other provinces and territories). Reasons why are discussed in this previous blog post of mine. -In the 1990s, there […]

I’ve just written a blog post about the fiscal situation of Canada’s ‘oil rich’ provinces (i.e., Alberta, Saskatchewan and Newfoundland and Labrador). It consists of a summary of key points raised at a PEF-sponsored panel at this year’s Annual Conference of the Canadian Economics Association. Points raised in the blog post include the following: -The […]

I’ve just written a blog post about social assistance in Canada. Points raised in the blog post include the following: -Social assistance has two contradictory objectives: 1) to give people enough money to live on; and 2) to not give people enough money to live on. -Very few immigrants receive social assistance (relative to the […]

Allan Moscovitch and I have co-authored a blog post that looks at the history of child benefits in Canada. Points made in the blog post include the following: -Child benefits can reduce both poverty and homelessness. -When child benefits began in Canada after World War II, one major motivating factor for the federal government was […]

I have an opinion piece on Saskatchewan’s recent budget in the Regina Leader-Post. Points raised in the opinion piece include the following: -Reductions in personal and corporate income taxes help the rich more than the poor (and this budget cut both personal and corporate income taxes). -Increases in sales tax hurt the poor more than […]

This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That involved a joint effort between […]

Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “The Federal Role in Poverty Reduction.” Points raised in the blog post include the following: -Canada’s Minister of Families, Children and Social Development has been tasked to lead the development of a Canada Poverty Reduction Strategy. -Total public […]

Over at the web site of the Calgary Homeless Foundation, I’ve written a blog post titled “How Housing Policy Benefits from a Socioeconomic Perspective.” Points raised in the blog post include the following: -Leaders in Canada’s non-profit housing sector should think beyond just housing, and think hard about the importance of economic and social factors […]

This week marks the official publication release of the second edition of Economics for Everyone: A Short Guide to the Economics of Capitalism.?? In this blog I explain my motivations in writing the book, and promoting critical economic literacy more generally; the commentary was originally published by Pluto Books (the international publisher).?? The book is […]

Ali Kraushaar and ??Geoff Evamy Hill, co-founders of the Rethinking Economics Waterloo initiative, are organizing a conference to be held Feb 7. It looks good! ??See below. — We want to inform you about the??Rethinking Economics Waterloo Conference??happening at??St. Paul’s University College on Saturday, February 7. We invite you and all your members to be […]

Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.” The post is available here. Enjoy and share:

On December 2, Chris Ragan wrote a column for the Globe and Mail titled a€?Another (Macro) Defense of Econ 101.a€??? 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 […]

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. Enjoy and share:

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, […]

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, […]

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 […]

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 a€?blogospherea€?, this long book is being favourably compared to the seminal works of Adam Smith, […]

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 […]

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 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-pr??sident de l’Association pour le D??veloppement des Etudes Keyn??siennes […]

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 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 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 […]

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. Enjoy and share: