I can’t refute Krugman. Institutions matter. But just what is an institution anyway. A stop sign, Burger King, constitutional conventions the EMU? All of the above? Sadly yes including gold standard like thinking. But the EMU and the WTO come … Continue reading
Category Archives: Neoliberalism
Shorter Waldmann on Yglesias and monteraism
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The long version is here. Apparently Mr.. Waldmann was tricked into reading Matt Yglesias on monetary policy. Waldmann’s observation goes something like this in short from: Hey Matt you have been consistently wrong in your predictions on the power of … Continue reading
Is Heterodox Economic Pedagogy Flawed?
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I won’t bury the lead. Yes I think heterodox pedagogy is critically flawed at least at the popular and undergraduate levels. Yesterday I had the fortune of bearing witness to a exchange between a sociologist and an economist. Both … Continue reading
How absurd has multinational corporate practice gotten? According to the OECD ridiculous
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It is really hard being an honest analyst. You spend most of your time being ridiculed by your on-the-take (in one form or another) adversaries. But sometimes the data speaks so loud, and the right political climate evolves, that the … Continue reading
The Bad Taste and Big Waste of Public Private Partnerships
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This is a guest post written by Eric Newstadt, the GM of the Ryerson Student Centre. This post highlights why P3s are a preordained and preplanned market failure. —————- For some years now, Ryerson University has been pouring millions of … Continue reading
Putting lipstick on the PIIGS: the health of modern macroeconomics
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Ok, so some of the best economists, trained at elite institutions, working for the pinnacle of the of the financial world got it wrong, very wrong. How wrong? Just go ask a Greek citizen. But, of course, we all knew … Continue reading
The Deadly Myths of Globalisation
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What follows is the introduction to a talk I gave at the 3rd Innis Christie Lecture & Symposium in Labour and Employment Law. My sister was educated at the Dalhousie School of Law and I was Lucky enough when visiting … Continue reading
Bullshit in absolutes: or how ‘liberal’* economists argue with themselves
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We can perhaps amend an old Ethiopian saying to read “absolutes are for infants and kings”. It is catechism worth remembering when arguing with liberal economists. For theirs is not a just sport. In fact, one should never mix … Continue reading
The real Zombie that won’t die: The Myth of Crowding Out
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Don’t get me wrong I am really encouraged that Mr. Moffatt took it upon himself to echo what we should all know by now: debt is not the story behind the Euro crisis. And as Mike rightly points out the … Continue reading
Unravelling Conservative Labour Market Policy: The Maximum Wage Law.
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The OECD and the CATO institute have both consistently ranked Canadian labour markets as some of the most flexible in the advanced capitalist world. Indeed, Canada ranks only second to the US on most stingy when it comes to labour … Continue reading