Category Archives: Public Policy

The Beatings Will Continue Until Confidence Improves

Three economists with the International Monetary Fund just released an article (PDF) citing that Austerity and Privatization, two aspects of the neoliberal agenda, are really bad things for economies. This is not all that shocking, as the data has supported … Continue reading

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Quantitative Literacy: The Philosophy of Math (no math required)

As a society, I think we’ve all been conditioned to think of anything mathematical as “truth.” After all, if I have 2 apples, and I eat one, then I only have 1 apple left. Who could argue with that as … Continue reading

Posted in Econometrics, Economic Theory, Public Policy, Race, Socioeconomics, Sociological Theory, Statistics, Uncategorized | 1 Comment

Revisionist History: The 2008 Financial Crisis, Human Resources (Micro), and the Structure of Labour & Capital (Macro)

Hindsight isn’t always 20/20. So far removed from 2008, many politicians, and some economists have reframed the events of 2008 as the “Financial Crisis” in a way that didn’t make it seem so bad. In fact, it was a global … Continue reading

Posted in Economics, Labor, Markets, Political Economy, Public Policy, Socioeconomics | Leave a comment

An Open Letter to Alberta Canada

Dear Alberta: The CBC says that Albertans think that non-Albertans do not have sympathy for you. Well, I do. But my sympathy goes beyond the masses of people unemployed. My sympathy extends to you in being duped by economists and … Continue reading

Posted in Demand, Economics, Environment, Labor, Markets, Public Policy, Sociology, Wages | Leave a comment

Small Town Bringdowns and Economic Failure

There are varying states of “failure” in economics. In Microeconomics for example, we have market failures, which can have almost nuclear effects (as we saw in 2008). On a more Macro level, we can have “failed states,” which are nation-states … Continue reading

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Let’s Stop Pretending

Let’s stop pretending that economists or politicians really care about the labor force. Okay, maybe not ALL of them, but certainly the “big dogs.” With the Federal Reserve indicating that it’s going to raise target interest rates, there’s a lot … Continue reading

Posted in Economics, Labor, Macroeconomics, Political Economy, Public Policy | Leave a comment

Canada’s Unhealthy Obsession with a Balanced Budget

Canada is in the middle of both an election, and a recession. Why Canada is in a recession is obvious, and clear. What is not as clear is why Canada remains obsessed with having a “balanced” budget when it’s obvious … Continue reading

Posted in Economics, Political Economy, Politics, Public Policy, Socioeconomics | Leave a comment