Modern Monetary Theory or MMT has crept in from the academic margins to become an influential doctrine in progressive policy circles in the United States. Both Elizabeth Warren and Bernie Sanders drew on the ideas of MMT to shape their ambitious public spending platforms. MMT has been cited as one way to fund a Green New Deal, in combination with [...]
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The progressive economics community, in Canada and around the world, lost a wonderful colleague, comrade and friend with the passing of John Loxley on July 28, 2020. Here I would like to share some personal reflections on John’s impact on my life as a progressive economist, and the very rich legacy he has left our shared community. (I also commend [...]
BC Liberal leader Andrew Wilkinson today announced a plan to completely eliminate the provincial sales tax (currently 7%) for 1 year, and then cut it by 4 points (or 57%) after that. Conservatives are prone to make expensive tax cut promises during elections, a tendency which contradicts their other touch-stone of perpetually promising to get tough on deficits and debt. [...]
The 2021 PEF Student Essay Contest is now open! Calling all Canadian students anywhere in the world and all post-secondary students in Canada who are working on papers taking a critical approach to the functioning, efficiency, social, and environmental consequences of unconstrained markets. The winning essays will receive a cash prize of $1,000 for the graduate student category and $500 [...]
U.S. President Joe Biden has been pushing the envelope in bringing America back into the Paris Accord process, setting more ambitious targets for reducing U.S. emissions, and committing to very big investments in renewable energy infrastructure and other climate-friendly measures. This is very encouraging, and will reinforce (and up the ante) for Canada to do better. One news story about [...]
To allow the maximum number of quality student essays to join the already promising submissions we have received, PEF is extending the deadline for our 2021 PEF Student Essay Contest to May 11, 2021. Calling all Canadian students anywhere in the world and all post-secondary students in Canada who are working on papers taking a critical approach to the functioning, [...]
My new book is now available from BTL. The Fire and the Ashes – Between the Lines (btlbooks.com) In The Fire and the Ashes, long-time union economist and policy analyst Andrew Jackson looks back on a fascinating career in the labour movement, the NDP, and left politics, combining keen historical analysis with a political manifesto for today. As one of the [...]
It has been a relatively low key federal election campaign so far, with a surprising amount of convergence on some key issues by the major parties. As a bit of blip, Liberal Leader Justin Trudeau pledged on August 25 that a returning Liberal government would raise the corporate tax rate on the profits on all banks and life insurance companies, [...]
With a federal election taking place in Canada in fewer than three weeks, I’ve written a 950-word overview of the Liberal Party’s housing platform. It’s available here: https://nickfalvo.ca/ten-things-to-know-about-the-liberal-partys-housing-platform/
After eight extensive posts about the Ontario electricity sector, I am expanding my geographic coverage to look at the electricity sectors in selected OECD countries. My focus will be on the historical and relative performance of each country’s sector with respect to decarbonization and prices. As in the case of Ontario, whole volumes could and have been written about each [...]