Archive | January, 2014

La monnaie au Québec avant les patriotes et la croissance économique

Tous les historiens devraient faire un cours d’économie et tous les économistes devraient suivre un cours d’histoire. Voilà, c’est dit! Pourquoi, je fais cette affirmation? Parce qu’une des règles élémentaires de la science économique démontre qu’un vaste pan de notre littérature sur l’histoire du Québec ne tient pas la route face à l’analyse économique élémentaire. […]

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Peasants weren’t dumb: productivity and saw mills in Lower Canada

For those who follow my research on New France and Lower Canada (Quebec before 1867), I recently presented a working paper which discusses the level of agricultural production given alternative form of employment. This was meant to reinforce the literature about the capacity of peasants to respond to market signals and get a better idea […]

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In Canada, austerity is so 1990s

Like Brian Adams, austerity in Canada is a something of the 1990s. I am saying this because so many groups are now claiming, like the NDP is, that the conservative’s government commitment to a balanced budget is gonna hurt the economy and that this is “savage austerity”. The problem is that austerity was pretty much […]

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Government policies creating inequality between ♂ and ♀

Look at this graph, look at it closely. What does it say? Where government programs create parental leaves program paid for by employers, the wage gap between women and men in their early thirties is greater and the longer the duration of these payments, the greater the gap grows. How does this hold econometrically? Relatively […]

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Homogeneous societies and income equality (the 1950s vs Now)

Who would want the income equality observed in the 1950s and 1960s? According to most datasets, the lowest point of income inequality was achieved in those years, during the heydays of the welfare state. These years were also years of great economic growth (although I have my doubts on the speed of growth because of […]

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