Marc Lavoie
Datos Biográficos
| ID | 3603060 |
|---|---|
| NOMBRE | Marc Lavoie |
| NOMBRES | Marc |
| APELLIDO | Lavoie |
| FIRMA | LAVOIE M |
| AFILIACIONES | University of Ottawa |
| ORCID | 0000-0002-9942-1803 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 59 |
| TOTAL DE CITAS | 173 |
| TOTAL COMO AUTOR | 58 |
| TOTAL COMO EDITOR | 1 |
| PRIMER AÑO DE PUBLICACIÓN | 1982 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 8 |
How Progressive Is Post-Keynesian Economics
Post-Keynesianism in Canada
The article traces how Keynes’s original thought came to Canada beginning in the early 1930s, mostly by way of three Canadian students: Plumptre, Bryce and Tarshis. As post-Keynesian economic ideas began to take root very early in the post-WWII period at the University of Cambridge, it quickly also spread to Canada during the 1950s and 1960s both directly via Cambridge, through the writings of Asimakopulos at McGill University, and indirectly, vi…
L’apport scientifique de Dr Kieron O’Connor pour la caractérisation et le traitement du syndrome de Gilles de la Tourette et des troubles obsessionnels-compulsifs et apparentés
Contexte Le chercheur et psychologue Kieron Philip O’Connor (1950-2019) fut un des pionniers de l’approche cognitive et comportementale à l’Institut universitaire en santé mentale de Montréal (IUSMM). C’est là qu’il démarra une carrière de chercheur clinicien auprès des populations aux prises avec les tics chroniques, le syndrome de Gilles de la Tourette (SGT) ou le trouble obsessionnel-compulsif et apparentés (TOC). À l’époque, à part quelques p…
Where do the Pasinetti Rule and the Pasinetti Index Come from
The article describes the origins of the Pasinetti index and Pasinetti rule and links both notions to debates over concerns regarding which socio-economic income group in a modern capitalist economy was being hurt and which broad income class was benefiting from the high interest rate policy, especially during the Volcker era of the 1980s. These were statistical constructs as well as distinct normative concepts that resulted from a close reading …
Conflictual Inflation and the Phillips Curve
This paper presents a pedagogical guide to conflictual inflation, showing the similarities and differences between the post-Keynesian analysis and the alternative mainstream WS-PS model. Among other things, it shows the difficulties that analysts meet when they try to justify the existence of a NAIRU. Productivity growth, wage-wage inflation and the possibility of a flat Phillips curve are considered within the framework of the post-Keynesian con…
Macroeconomics after Kalecki and Keynes
KEYWORDS: MacroeconomicsKaleckipost-Keynesian economics
Post-Keynesian Economics
Students in economics are ever more distressed by the disconnect between mainstream economics and the real world. This book shows how post-Keynesian economics constitutes a coherent heterodox alternative, based on realistic assumptions and the integration of the financial and real sides of the economy, with an emphasis on the many paradoxes that arise in a truly macroeconomic analysis. The book is a considerably revised and updated version of the…
Nicolas Landry, Marie-Esther Robichaud. Une éducatrice acadienne et son temps, 1929–1964
Parmi les richesses des archives du campus de l'Université de Moncton, campus de Shippagan, on retrouve un fonds très intéressant sur l'état du système scolaire francophone dans le monde acadien au Nouveau-Brunswick au milieu du siècle dernier, c'est-à-dire de 1929 à 1964 environ.En effet, ces documents, surtout des lettres et des rapports, recèlent des informations importantes sur la formation du corps enseignant au primaire et au secondaire.De …
MMT, Sovereign Currencies and the Eurozone
This paper is an answer to the question: What is new, what is good and what is relevant for Eurozone countries in Modern Monetary Theory (MMT)? The answer is organized under six questions: (1) What is MMT? (2) What is the definition of a sovereign currency — an important concept for MMT authors? (3) Does the institutional setup play any role in assessing monetary sovereignty? (4) Is the euro a foreign currency for eurozone countries, that is, are…
Overhead Labour Costs in a Neo-Kaleckian Growth Model with Autonomous Non-Capacity Creating Expenditures
A notable feature of income distribution is the widening wage differential among workers: there is a redistribution in favour of managers at the detriment of ordinary workers. The paper incorporates this distinction between overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an autonomously growing demand component ultimately determines the long-run path of an economy. Our aim is to exp…
A Simple Stock-Flow Consistent Model with Short-Term and Long-Term Debt
In a recent article of this journal, Claudio Sardoni ([2019]. ‘Investment and Saving in a Dynamic Context: The Contribution of Athanasios (Tom) Asimakopulos.’ Review of Political Economy 31 (2): 233–246) made four claims: (1) An increase in the propensity to save will lower the long-term interest rate; (2) A higher preference for bonds will lead to lower long-term interest rates; (3) A higher level of investment will lead to a higher long-term in…
A System with Zero Reserves and with Clearing Outside of the Central Bank
In a number of ways, implementing monetary policy in Canada stands apart from monetary policy in most other industrial countries. Commercial banks and other participants to the main clearinghouse – the large-value transfer system (LVTS) – hold no reserves at the central bank. Clearing and settlement is both in real time and net, while only settlement occurs on the books of the central bank. The Bank of Canada does not conduct open-market operatio…
Présentation
Ecological monetary economics
Frederic Lee and Post-Keynesian Pricing Theory
Frederic Lee has been a major contributor to post-Keynesian economics, mainly to its theory of pricing. This article summarizes his objections to the neoclassical view of the firm and pricing, as well as his view that changes in quantities, rather than in prices, provide the important information to firms. It also outlines Lee's views on competition, and examines the three pricing doctrines Lee carefully analyzed—markup pricing (associated with K…
Income Distribution, Rentiers, and Their Role in a Capitalist Economy
The paper reviews some of the important developments since the financial crisis both on the issue of secular stagnation, as put forth by Lawrence Summers (2014a Summers, L.H. 2014a. “U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound.” Business Economics 49, no. 2: 65–73.[Crossref] , [Google Scholar]), and the rising share of profit as put forth by Thomas Piketty (2014 Piketty, T. 2014. Capital in the Twenty-First C…
Understanding the global financial crisis
Post-Keynesian economics has greatly improved our understanding of the causes as well as some of the consequences of the Global Financial Crisis. This paper deals with some examples related to monetary issues—namely, the financial instability hypothesis of Minsky and its extension to the household sector, as well as the post-Keynesian theory of endogenous money, with its extension to quantitative easing policies set within a framework where the c…
The Eurozone
The Eurozone is often considered to be the brainchild of Robert Mundell, who has often bragged about his paternity. In reality, the Eurozone setup, most specifically the TARGET2 settlement system, has several characteristics that look like the plan for an international currency union that Keynes proposed in the early 1940s. The main objective of this article is to show the similitudes and differences between the Eurozone currency union and Keynes…
The Eurozone Crisis
Both Sergio Cesaratto and I see several flaws in the setup of the common currency Eurozone, and we both understand, in a similar way, the functioning of a monetary economy. The only point of disagreement it seems to me is that Cesaratto insists that the Eurozone crisis is a balance-of-payments problem, tied to current account deficits and capital outflows. But whereas the continuous loss of foreign reserves must eventually lead to some painful ad…
Post-Keynesian Economics
International audience
Crise financière, répartition des revenus et relance par les salaires
Tandis que la plupart des économistes attribuent la crise financière de 2007-2008 aux incohérences des marchés financiers, un certain nombre d’économistes, surtout hétérodoxes, associent cette crise à des éléments structurels, notamment la croissance des inégalités, mesurée par la progression de la part des profits dans le revenu national et par la dispersion des salaires. L’auteur présente les résultats d’un projet de recherche dont les différen…
Reciprocal Influences
The history of the Bank of Canada and the U.S. Federal Reserve System is intertwined not only because of geographical proximity but because of the reciprocal influence on the way they have evolved their structures to conduct monetary policy. While both find their origins in financial crises, the environment in which they were embedded in the early twentieth century was quite different. Before central banking, the U.S. banking structure was decent…
Langue et théorie économique dominantes
The Stock-Flow Consistent Approach
Symposium on the Future of Post-Keynesian Economics and Heterodox Economics contra their Critics (Part 2)
Symposium on the Future of Post-Keynesian Economics and Heterodox Economics contra their Critics (Part 2)." Review of Political Economy, 24(3), p. 449
Horizontalism, Structuralism, Liquidity Preference and the Principle of Increasing Risk
A bstract It is shown that the horizontal post‐Keynesian view of credit‐money endogeneity is reasonable rather than extreme. One can argue in favour of a horizontal credit‐money supply curve while still taking into account the non‐accommodating behaviour of the central bank, financial innovations, protfolio adjustments, liquidity perference theory, and the principle of increasing risk. The differences between horizontalists and other post‐Keynesi…
Income Distribution, Rentiers, and Their Role in a Capitalist Economy
The paper reviews some of the important developments since the financial crisis both on the issue of secular stagnation, as put forth by Lawrence Summers (2014a Summers, L.H. 2014a. “U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound.” Business Economics 49, no. 2: 65–73.[Crossref] , [Google Scholar]), and the rising share of profit as put forth by Thomas Piketty (2014 Piketty, T. 2014. Capital in the Twenty-First C…
Stacking, Performance Differentials, and Salary Discrimination in Professional Ice Hockey
French Canadians in professional ice hockey perform generally better than English Canadian or American players. This is particularly clear at the position of defenseman. Stacking in the National Hockey League (NHL) is also observed, with very few French Canadians playing defense. Four theses are presented to explain these two phenomena. The first three theses—based on differences in the style of play, the cultural costs of moving to an NHL city, …
The Eurozone Crisis
Both Sergio Cesaratto and I see several flaws in the setup of the common currency Eurozone, and we both understand, in a similar way, the functioning of a monetary economy. The only point of disagreement it seems to me is that Cesaratto insists that the Eurozone crisis is a balance-of-payments problem, tied to current account deficits and capital outflows. But whereas the continuous loss of foreign reserves must eventually lead to some painful ad…
Changes in Central Bank Procedures During the Subprime Crisis and Their Repercussions on Monetary Theory
The subprime financial crisis has forced several central banks to take extraordinary measures and to modify some of their operational procedures. These changes have made the deficiencies and lack of realism of mainstream monetary theory even clearer, as can be seen in undergraduate textbooks as well as in most macroeconomic models. They have forced monetary authorities to publicly reject some of the assumptions and key features of mainstream mone…
The New Consensus on Monetary Policy and its Post-Keynesian Critique
This paper seeks to look at the underlying framework of the New Consensus models, providing a Post-Keynesian critique. In the light of this critique, the model is reformulated, with its basic structure intact, but with alternative post-Keynesian specifications of the Phillips curve being considered. It is shown that such modifications, either allow a long run trade-off between the rate of inflation and the level of output, the rate of capacity ut…
In Search of an Alternative Explanation of Stacking in Baseball
The stacking of blacks in noncentral positions is a time-consistent feature of professional baseball. It is shown that differential batting and slugging averages between positions are also a structural feature. The structure of stacking as well as its evolution are well explained by the uncertainty thesis, that is, the belief that discrimination and differential barriers to entry are linked to the difficulty and lack of objectivity in assessing p…
Discrimination and Performance Differentials in the National Hockey League
The Eurozone
The Eurozone is often considered to be the brainchild of Robert Mundell, who has often bragged about his paternity. In reality, the Eurozone setup, most specifically the TARGET2 settlement system, has several characteristics that look like the plan for an international currency union that Keynes proposed in the early 1940s. The main objective of this article is to show the similitudes and differences between the Eurozone currency union and Keynes…
The Post-Keynesian Approach to Economics
Journal Article The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy Foundations of Post-Keynesian Economic Analysis: New Directions in Modern Economics Get access The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy. By Arestis (Philip). (Aldershot and Brookfield, VT: Edward Elgar, 1992. Pp. xv + 316. £45.00 hardback. ISBN 1 85278 154 8.)Foundations of Post-Key…
Conflictual Inflation and the Phillips Curve
This paper presents a pedagogical guide to conflictual inflation, showing the similarities and differences between the post-Keynesian analysis and the alternative mainstream WS-PS model. Among other things, it shows the difficulties that analysts meet when they try to justify the existence of a NAIRU. Productivity growth, wage-wage inflation and the possibility of a flat Phillips curve are considered within the framework of the post-Keynesian con…
The Bank of Canada and the Modern View of Central Banking
Many observers of the art of central banking would probably argue that the most significant change in the behavior of central banks over the past fifteen years has been the adoption of inflation targeting. Beginning in 1991, Canada was one of the first countries, after New Zealand, to adopt explicit inflation rate targets. While this may be of some interest to policy analysts, we wish to argue that the Bank of Canada has introduced many more inno…
The Mills report, the Manley subsidy proposals, and the business of major‐league sport
This article examines the debates over subsidies to professional sports teams that have been the focus of much attention and passion in Canada over the past several years, debates that led to the report by Dennis Mills, Sport in Canada: Everybody's Business , and to John Manley's ill‐fated proposals to offer subsidies to Canadian professional sports operators. The article reviews the arguments put forward by the sports industry: that major‐league…
Mark-up Pricing versus Normal Cost Pricing in Post-Keynesian Models
The intent of the present paper is to show that some of Frederic Lee's recent criticisms against some of the hypotheses imbedded in some post-Keynesian models are exaggerated. In contrast to what is argued by Lee, there is no flagrant contradiction between the work of Andrews and his followers and that of most modern-day Kaleckian and post-Keynesian authors. Some of the simplifications used by the latter, such as constant direct unit costs or sim…
Towards a new research programme for post-Keynesianism and neo-Ricardianism ∗
An attempt is made to differentiate postclassical theory from neoclassical theory along broad essential elements. The main presuppositions of the neoclassical programme are an instrumentalist approach, an individualistic philosophy, and a view of economics which is based on the notions of scarcity and unbounded rationality. The postclassical programme, defined as the synthesis of post-Keynesianism and neo-Ricardianism, but which could also includ…
The “Economic” Hypothesis of Positional Segregation
It is shown that the Medoff economic hypothesis of stacking, based on free choice induced by income differentials and training cost differentials, cannot generate unambiguous predictions. Latin American players in baseball are given as a counterexample. Means to ascertain the training costs relative to each position are suggested, as well as means to predict the evolution of positional segregation in baseball through time, using the uncertainty t…
Perspectives for Post-Keynesian Economics
The paper reviews and assesses the negative and positive advice which has been offered by various fellow economists to heterodox economists in general, and Post-Keynesian economists in particular, in light of changes that have occurred within neoclassical economics and in light of the rising hegemony of mainstream economics in economics departments. Various strategies are considered, among which is more engagement with orthodox dissenters, but it…
Cadrisme within a Post-Keynesian Model of Growth and Distribution
The 1990s, especially in the United States, witnessed an unprecedented change in income distribution, with a large redistribution towards rentiers on the one hand, and towards the upper ranks of the managerial bureaucracy on the other hand, as became ever more obvious after the financial scandals affecting large corporations such as Enron and Worldcom. This has also been accompanied by large capital gains that benefited top-file managers as well …
MMT, Sovereign Currencies and the Eurozone
This paper is an answer to the question: What is new, what is good and what is relevant for Eurozone countries in Modern Monetary Theory (MMT)? The answer is organized under six questions: (1) What is MMT? (2) What is the definition of a sovereign currency — an important concept for MMT authors? (3) Does the institutional setup play any role in assessing monetary sovereignty? (4) Is the euro a foreign currency for eurozone countries, that is, are…
Understanding the global financial crisis
Post-Keynesian economics has greatly improved our understanding of the causes as well as some of the consequences of the Global Financial Crisis. This paper deals with some examples related to monetary issues—namely, the financial instability hypothesis of Minsky and its extension to the household sector, as well as the post-Keynesian theory of endogenous money, with its extension to quantitative easing policies set within a framework where the c…
Reciprocal Influences
The history of the Bank of Canada and the U.S. Federal Reserve System is intertwined not only because of geographical proximity but because of the reciprocal influence on the way they have evolved their structures to conduct monetary policy. While both find their origins in financial crises, the environment in which they were embedded in the early twentieth century was quite different. Before central banking, the U.S. banking structure was decent…
Kaleckian Effective Demand and Sraffian Normal Prices
Sraffians and Kaleckians alike reject the belief that higher rates of accumulation need be associated with lower real wage rates or higher propensities to save. The rejection of this proposition is mainly based on the endogeneity of the rate of capacity utilization, both in the short and the long run. This endogeneity often relies on a discrepancy between the realized and the normal rates of profit, or between the realized and the target rate of …
Where do the Pasinetti Rule and the Pasinetti Index Come from
The article describes the origins of the Pasinetti index and Pasinetti rule and links both notions to debates over concerns regarding which socio-economic income group in a modern capitalist economy was being hurt and which broad income class was benefiting from the high interest rate policy, especially during the Volcker era of the 1980s. These were statistical constructs as well as distinct normative concepts that resulted from a close reading …
A Simple Stock-Flow Consistent Model with Short-Term and Long-Term Debt
In a recent article of this journal, Claudio Sardoni ([2019]. ‘Investment and Saving in a Dynamic Context: The Contribution of Athanasios (Tom) Asimakopulos.’ Review of Political Economy 31 (2): 233–246) made four claims: (1) An increase in the propensity to save will lower the long-term interest rate; (2) A higher preference for bonds will lead to lower long-term interest rates; (3) A higher level of investment will lead to a higher long-term in…
A System with Zero Reserves and with Clearing Outside of the Central Bank
In a number of ways, implementing monetary policy in Canada stands apart from monetary policy in most other industrial countries. Commercial banks and other participants to the main clearinghouse – the large-value transfer system (LVTS) – hold no reserves at the central bank. Clearing and settlement is both in real time and net, while only settlement occurs on the books of the central bank. The Bank of Canada does not conduct open-market operatio…
In Small Things Strewn
The historical archaeologist has various means to date artifacts. Stratigraphic comparisons, manufacturing techniques, as well as historical and comparative studies, enable the researcher to obtain dates of production for the objects for which dates are sought. However, artifacts unearthed from upper strata on historical sites are sometime dismissed as "modern", and left undated. These objects are readily recognized as twentieth century artifacts…
Discrimination and Performance Differentials in the National Hockey League
The “Economic” Hypothesis of Positional Segregation
It is shown that the Medoff economic hypothesis of stacking, based on free choice induced by income differentials and training cost differentials, cannot generate unambiguous predictions. Latin American players in baseball are given as a counterexample. Means to ascertain the training costs relative to each position are suggested, as well as means to predict the evolution of positional segregation in baseball through time, using the uncertainty t…
Stacking, Performance Differentials, and Salary Discrimination in Professional Ice Hockey
French Canadians in professional ice hockey perform generally better than English Canadian or American players. This is particularly clear at the position of defenseman. Stacking in the National Hockey League (NHL) is also observed, with very few French Canadians playing defense. Four theses are presented to explain these two phenomena. The first three theses—based on differences in the style of play, the cultural costs of moving to an NHL city, …
Discrimination versus English Proficiency in the National Hockey League
Economists do not usually make the headlines in the sports news, as our recent article on discrimination in the NHL did. This intrusion, however, did not seem very productive, judging by the comments of sportswriters. It is thus with some relief that we read Michael Krashinsky's comment on our article. The theory he proposes has some interest. We actually called it 'the language thesis' in our original submission (Lavoie et al., 1986:9-11), the d…
Jacques Le Bourva's theory of endogenous credit-money
About 30 years ago, Jacques Le Bourva published two little-known articles that clearly set out the present post-Keynesian theory of endogenous money developed by Kaldor and Moore. The main features of these two articles are presented, in particular Le Bourva's belief that reverse causation, rather than the instability of the velocity function, is the key objection to the quantity theory of money and the mainstream theory of inflation. Other featu…
Towards a new research programme for post-Keynesianism and neo-Ricardianism ∗
An attempt is made to differentiate postclassical theory from neoclassical theory along broad essential elements. The main presuppositions of the neoclassical programme are an instrumentalist approach, an individualistic philosophy, and a view of economics which is based on the notions of scarcity and unbounded rationality. The postclassical programme, defined as the synthesis of post-Keynesianism and neo-Ricardianism, but which could also includ…
A moeda em um programa de pesquisa comum para o pós-keynesianismo e o neo-ricardianismo
É feita uma tentativa de diferenciar a teoria neoclássica de uma síntese do pós-keynesianismo e do neo-ricardianismo, chamada aqui de teoria pós-clássica. O programa de pesquisa neoclássica baseia-se em quatro elementos essenciais: instrumentalismo, individualismo, troca e racionalidade ilimitada. O programa pós-clássico (que também inclui institucionalistas e radicais) baseia-se no essencial oposto: realismo, organicismo, produção e racionalidad…
The Post-Keynesian Approach to Economics
Journal Article The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy Foundations of Post-Keynesian Economic Analysis: New Directions in Modern Economics Get access The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy. By Arestis (Philip). (Aldershot and Brookfield, VT: Edward Elgar, 1992. Pp. xv + 316. £45.00 hardback. ISBN 1 85278 154 8.)Foundations of Post-Key…
In Search of an Alternative Explanation of Stacking in Baseball
The stacking of blacks in noncentral positions is a time-consistent feature of professional baseball. It is shown that differential batting and slugging averages between positions are also a structural feature. The structure of stacking as well as its evolution are well explained by the uncertainty thesis, that is, the belief that discrimination and differential barriers to entry are linked to the difficulty and lack of objectivity in assessing p…
High unemployment in developed economies
(1995). High unemployment in developed economies. Review of Political Economy: Vol. 7, No. 2, pp. 125-132
Mark-up Pricing versus Normal Cost Pricing in Post-Keynesian Models
The intent of the present paper is to show that some of Frederic Lee's recent criticisms against some of the hypotheses imbedded in some post-Keynesian models are exaggerated. In contrast to what is argued by Lee, there is no flagrant contradiction between the work of Andrews and his followers and that of most modern-day Kaleckian and post-Keynesian authors. Some of the simplifications used by the latter, such as constant direct unit costs or sim…
Horizontalism, Structuralism, Liquidity Preference and the Principle of Increasing Risk
A bstract It is shown that the horizontal post‐Keynesian view of credit‐money endogeneity is reasonable rather than extreme. One can argue in favour of a horizontal credit‐money supply curve while still taking into account the non‐accommodating behaviour of the central bank, financial innovations, protfolio adjustments, liquidity perference theory, and the principle of increasing risk. The differences between horizontalists and other post‐Keynesi…
Unproductive Outlays and Capital Accumulation with Target-return Pricing
CAPITAL MARKET;INVESTMENTS
Le chômage d'équilibre Réalité ou artefact statistique
Le chômage d'équilibre. Réalité ou artefact statistique
The Mills report, the Manley subsidy proposals, and the business of major‐league sport
This article examines the debates over subsidies to professional sports teams that have been the focus of much attention and passion in Canada over the past several years, debates that led to the report by Dennis Mills, Sport in Canada: Everybody's Business , and to John Manley's ill‐fated proposals to offer subsidies to Canadian professional sports operators. The article reviews the arguments put forward by the sports industry: that major‐league…
Kaleckian Effective Demand and Sraffian Normal Prices
Sraffians and Kaleckians alike reject the belief that higher rates of accumulation need be associated with lower real wage rates or higher propensities to save. The rejection of this proposition is mainly based on the endogeneity of the rate of capacity utilization, both in the short and the long run. This endogeneity often relies on a discrepancy between the realized and the normal rates of profit, or between the realized and the target rate of …
The Entry Draft in the National Hockey League
The study shows that French Canadians continue to suffer from entry discrimination in the National Hockey League. At the time of the draft, the future offensive performance of French Canadian (and European) players is underestimated. The addition of various measures of robustness and defensive play makes no difference. This study also takes into account the location of the teams that drafted the players. It seems that American teams discriminate …
The Entry Draft in the National Hockey League. Discrimination, Style of Play, and Team Location
Post Keynesian consumer theory
Le statut économique relatif des femmes francophones du Canada
L'analyse menée à partir de la langue parlée à la maison et des revenus totaux révèle une persistance à long terme d'écarts bruts de revenus défavorables aux Canadiennes francophones et un statut économique inférieur à celui des Canadiennes anglophones. Même à égalité d'âge et de scolarité, il subsiste des écarts nets de revenus totaux selon la langue. Les revenus de placements font apparaître des inégalités selon la langue, plus grandes que les …
The Bank of Canada and the Modern View of Central Banking
Many observers of the art of central banking would probably argue that the most significant change in the behavior of central banks over the past fifteen years has been the adoption of inflation targeting. Beginning in 1991, Canada was one of the first countries, after New Zealand, to adopt explicit inflation rate targets. While this may be of some interest to policy analysts, we wish to argue that the Bank of Canada has introduced many more inno…
Gilles Dostaler, Keynes et ses combats, Albin Michel, Histoire, Paris, 2005
Gilles Dostaler, Keynes et ses combats, Albin Michel, Histoire, Paris, 2005. An article from journal Bulletin d'histoire politique (Le rapport Lacoursière sur l’enseignement de l’histoire : dix ans plus tard), on Érudit
Monetary Economics
This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flo
Economics (39 obras) · Economic Theory and Policy (35 obras) · Keynesian economics (25 obras) · Economic Theory and Institutions (18 obras) · Monetary policy (16 obras) · Political Economy and Marxism (15 obras) · Political science (15 obras) · Post-Keynesian economics (15 obras) · Macroeconomics (14 obras) · Economic theories and models (13 obras)