The Review of Keynesian Economics and the Progressive Economic Forum are sponsoring a “Post-Keynesian Summer School”, to be held on the campus of the University of Toronto, June 23-25, 2017, and featuring leading post-Keynesian scholars from Canada, the US, and Europe. The summer school is aims at both undergraduate and graduate students, and registration is only $25 US per person, […]
Read moreThe Review of Keynesian Economics (ROKE) and the Progressive Economic Forum (PEF) are hosting a: “Post-Keynesian Summer School”, on the campus of the University of Toronto, June 23-25, 2017. Over 2 and a half days, the summer school will introduce students to post-Keynesian economics, both theory and policy, and will feature some of the biggest names in post-Keynesian economics. Registration […]
Read moreIn the end, what was meant to be a referendum about the economic benefits of remaining in the European Union, was about everything but. There will be countless analyses of the results and of the reasons that motivated the British people to vote to leave the European Union. But in the end, I fear that very few of these analyses […]
Read moreLouis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Follow him on Twitter @Lprochon First, it was his enthusiastic support and admiration of Margaret Thatcher; now it is his overzealous support of balanced budgets. What’s next? What is Mr. Mulcair ready to do to get the keys to 24 Sussex? How close is he willing to get […]
Read moreCanadian recession will go beyond first half of 2015 Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics With news of economic turmoil in China and other emerging economies, repercussions for Canada will be quite “atrociousâ€. Expect the recession to continue beyond the second quarter of 2015. This raises questions about the supposed recovery in the second half […]
Read moreLouis-Philippe Rochon Associate professor of Economics – Laurentian University Founding co-Editor – Review of Keynesian Economics Follow him on Twitter – @Lprochon This story from the CBC on August 14, 2015. See story here. With the NDP riding high in a number of national polls at the moment, there is an increasingly real possibility the New Democrats will form […]
Read moreLouis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon Mr. Harper and the Conservatives never miss an opportunity of reminding Canadians that we should vote for them in October in order to ensure economic prosperity in the future. At the heart of this argument is the belief that they are the best […]
Read moreHarper’s economics and geocentrism Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics What a month it’s been. While the first half of 2015 has not been kind to Canadians and the economy, July has proven to be worse. On the economic front, we have had a tumultuous month capping a tumultuous first half of the year. When […]
Read moreHarper-economics lead to a Harper-recession and now to a Harper-deficit Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics Confirmation federal government finances have fallen back into deficit raises more questions about Harper’s image, now more myth than reality, as a sound economic manager. A deficit of course was inevitable once you accept Canada has fallen into a […]
Read moreMr. Harper’s recession Louis-Philippe Rochon Associate professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics Short of a miracle, Canada is officially in recession, which I predicted back in January. But this recession was wholly avoidable had Mr. Harper and his government abandoned their wicked policies of austerity in favour of a growth-oriented fiscal expansionary policy. Bottom line: […]
Read moreGreece and the death of economics, and democracy, and civility, and so much more Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-editor, Review of Keynesian Economics Irrespective of whether it was total capitulation, there are already a multitude of analyses trying to decipher what (and how) exactly happened in Greece and whether it could have been avoided. Countless opinions […]
Read moreRevisiting my top ten predictions Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics In early January 2015, I published on CBC my ‘Top Ten Predictions’ for the year (see here). Here we are half-way through 2015 and I thought I would revisit these predictions to see how I fared. Well, not bad actually. My predictions were:
Read moreInequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter Thomas Palley There exists several mainstream explanations of the financial crisis and stagnation, each explaianing the role they respectively attribute to income inequality. Those explanations contrast deeply with a structural Keynesian explanation of the crisis. The role of income inequality also differs substantially, giving rise to very different […]
Read moreLouis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics In its recent report released in early June, the International Monetary Fund (IMF) has made some startling policy announcements: given the general depressed economic condition in the world economy, now is not the time to pay down the national debt if that implies sacrificing economic growth. This advice was […]
Read moreIs another recession on its way? Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Canada’s economy shrank in the first quarter by a whopping 0.6%. Is this the beginning of a new recession? Recessions of course are defined as two consecutive quarters of negative growth. Now we learn today that Canada’s economy shrank between January and […]
Read moreLouis-Philippe Rochon is associate professor of economics at Laurentian University and co-editor of the Review of Keynesian Economics. Originally published by CBC. See here. In its April budget, the federal government announced it had succeeded in balancing the budget. Such an achievement, however, will prove to be at best a Pyrrhic victory. History shows austerity and balanced budgets never work […]
Read moreLouis-Philippe Rochon Associate Professor, Laurentian Economics Founding Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon Originally published by CBC. Find commentary here. The federal Liberal Party’s recent election promise to create a new tax bracket for rich Canadians has been quickly decried by – well, rich Canadians. But is it an appropriate and sensible approach to […]
Read moreThe central banker who talked too much Louis-Philippe Rochon Associate Professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics On Tuesday, Governor of the Bank of Canada, Stephen Poloz testified in Ottawa in front of the House of Commons Standing Committee on Finance. He had a lot to say about the state of the Canadian economy. But sometimes […]
Read moreLouis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics With the tabling of a new federal budget on April 21, the Conservatives are trying to reinvent themselves as good economic managers, stalwart of sound finance. But after almost nine years in office, the data simply does not confirm this story. Mr. Harper’s more recent optimistic façade is […]
Read moreCONSERVATIVES MAKING A MOCKERY OF WORKING CANADIANS Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-Editor, Review of Keynesian Economics Today, with great fanfare, Minister of Finance, Joe Oliver, tabled his much-delayed budget in the House of Commons. Despite the government’s best effort to confuse Canadians with tales of terrorism, the economy and job creation remains by far the […]
Read moreLABOUR MARKET DEREGULATIONS NOT WORKING: IMF See original CBC column here. Recent — and potentially watershed — International Monetary Fund (IMF) documents have cast doubt on the merits of labour market deregulation of the last three decades, with important consequences for Canada. But will anyone listen? The last 30 years have not been kind to economic growth and wealth creation. The economic “successes” of the neo-liberal era, from […]
Read moreBalanced budget legislation will be disastrous for Canada Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-Editor, Review of Keynesian Economics Twitter @LPROCHON Finance Minister Joe Oliver’s latest muses about introducing balanced budget legislation is the worst policy for Canada, and will doom us to European-style crises and rob future generations of prosperity. While the details of the specific […]
Read moreTHE FEDERAL BUDGET AND CANADA’S ANNUS HORRIBILIS See Original post here for the CBC. Canada’s Finance Minister Joe Oliver announced a new – and long overdue – federal budget for April 21. With the Canadian economy doing so badly, this budget will be crucial. Will the minister do the right thing and give Canadians a budget that will stimulate the […]
Read moreLouis-Philippe ROCHON Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon With data on the performance of Canada’s labour market released today, many economists and pundits on both sides of the 49th parallel are arguing that what seems to be emerging is two very clear and different paths for the US and Canadian economies. […]
Read moreJean-Francois Ponsot Associate Professor of Economics, Université de Grenoble (France) and Louis-Philippe Rochon Associate Professor of Economics, Laurentian University (Canada) Co-Editor, Review of Keynesian Economics ___________________ The final agreement between Greece and the Eurogroup is a disappointment for anyone who held high hopes that Greece would have taken away more than a mere extension to the existing deal. In the […]
Read moreLOUIS-PHILIPPE ROCHON Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Follow him on Twitter @Lprochon ________________________ As I have said before (see here) and will say again: any solution to Greek’s tragedy, which involves keeping the Euro as a currency is a second-best solution, unless the appropriate institutional changes are adopted. Anything short of this will simply maintain the […]
Read morePosted earlier as an opinion piece for CBC. See original post here (this post slightly modified from original) By Louis-Philippe Rochon Follow him on Twitter @Lprochon Much was at stake earlier this week when finance ministers from G20 countries met in Istanbul to discuss Greece and the state of the world economy in light of recent downgrades in world growth expectations. […]
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