Occupy Wall Street
In search of some background on the “Occupy Wall Street” movement, I recently caught up with Rick Wolff. He is a progressive economist and rising alternative media celeb in NYC (you can hear his...
View ArticleOccupation, democracy and coops
I hung out a while yesterday at the Vancouver Occupation, and was impressed with their efforts at radical democracy. Many in the mainstream press have been quick to pile on for how time-consuming...
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Occupying the Lange and O’Leary Exchange
Starting today I will be on a regular weekly biz panel for the Lang and O’Leary show, every Thursday night. The panel will take on two six minute segments to discuss the big economic stories of the...
View ArticleTowards a Wage-Led Recovery
A new issue of the International Journal of Labour Research has been published “While a lot of attention has been deservedly given to the financial roots of the current economic crisis, the role of...
View ArticleApocalypse Soon?
The OECD’s new assessment of the macro-economic situation makes for pretty grim reading. And their forecast of very sluggish global growth (just 1.6% for the OECD area in 2012) is based on an...
View ArticleOntario’s Poverty Reduction Strategy
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers,...
View ArticleAusterity: Making the Same Mistake Again?
There is a special, free on line, issue of the Cambridge Journal of Economics with what look to be very interesting contributions from the progressive side of the spectrum.
View ArticleQuebec Tuition: Between a Rock and Hard Place?
In the context of student protests over Quebec tuition fees, my friend Luan Ngo has just written a very informative blog post on Quebec’s fiscal situation. While I encourage readers to read his full...
View ArticleThe Big Banks’ Big Secret
The CCPA today released my report: “The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates on publicly...
View ArticleTravels in Harperland
On my recent book tour to promote “Thieves of Bay Street” I have journeyed to Alberta, Montreal and Ottawa. In so doing, I have gotten a taste of the Canada which Stephen Harper and his merry band of...
View ArticleFrom Financial Crisis to Stagnation
I am enjoying Tom Palley’s new book – and would post an enthusiastic review except for the fact that I have been unable to find the time to finish it. Certainly a very clear-headed take on the...
View ArticleKrugman: End This Depression Now!
I am an enthusiastic reader of Krugman’s columns and, especially, his economic blog. And I certainly side strongly with him in the intellectual and political struggle against “the Austerians” and “Very...
View ArticleComplete details of 2008-09 Bank Support
Readers of this blog will have hopefully read my report “The big banks big secret” which examines the $114 billion that Canada’s banks received during the 2008-09 financial crisis. Its major finding...
View ArticleUS family net worth crushed by financial crisis
The US Federal Reserve today released its triennial examination of incomes and net worth of American households in the Survey of Consumer Finances. It shows the crushing effects on net worth of a...
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Dead Money
Kudos to Bank of Canada Governor Mark Carney for raising the profile of the over $500 billion Canadian corporations are holding in excess cash surpluses and not investing in the economy, which garnered...
View ArticleHappy Crashiversary! Are you better off now than you were four years ago?
Four years after Lehman Brothers collapsed, it’s time to take stock of things by asking a stock political question: Are you better off now than you were four years ago? Where you stand on the answer...
View ArticleMargaret Thatcher’s Economic Legacy
Here is my take from today’s Economy Lab in the Globe. To expand a bit on alternatives, my take is that the neo liberal turn at the end of the 1970s was one possible response to the stagflation crisis,...
View ArticleNiall Ferguson’s Latest Idiocy
As I discussed in an earlier post, Niall Ferguson, the Harvard historian and author of numerous bad books about economics, is prone to writing and saying completely ignorant things, making one wonder...
View ArticleThe G-20, Global Stagnation and the Option of Wage Led Growth
Here is the link to a short piece I wrote for Economy Lab. It borrows from and includes the link to an important paper co-authored by the PEF’s own Marc Lavoie and recently published by the ILO , which...
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Trickle Down Would Work If It Weren’t For The Sponges At The Top
This piece was first published in the Globe and Mail’s Economy Lab. Five years after a global economic crisis unleashed chaos on markets everywhere, income inequality has become an inescapable...
View ArticleIntellectual Dishonesty at the Ivey Business Journal
Under the headline “Canada Isn’t Rotten to the Core”, the new editor of the Ivey Business Journal, Thomas Watson, attacked my book “Thieves of Bay Street” in his inaugural editorial. Although the book...
View ArticleWhat Have we Learned From the Financial Crisis? Part 1: Marc Lavoie
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe...
View ArticleWhat Have we Learned From the Financial Crisis? Part 2: Louis-Philippe Rochon
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe...
View ArticleWhat Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe...
View ArticleWhat Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe...
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Rising Homelessness
In 2010, I wrote a blog post in which I suggested that: a) the recession of 2008-2009 would bring on increased homelessness; and b) there would be a lag effect of roughly three to five years. Indeed,...
View ArticleAndrea Horwath’s Debacle
I can’t remember the last time I laughed out loud when I saw election results. I almost spat a mouthful of my breakfast across the room. Almost nobody expected Ontario’s Liberals to win a majority,...
View ArticleEconomics 101
On October 21, Chris Ragan wrote a column for the Globe and Mail titled “In defence of Economics 101.” The link to his column is available here. On October 24, Marc Lavoie, Louis-Philippe Rochon and...
View Article(Macro) Econ 101
On December 2, Chris Ragan wrote a column for the Globe and Mail titled “Another (Macro) Defense of Econ 101.” The link to his column is available here . My brief reply was published in the Globe and...
View ArticleSeccareccia on Greece, Austerity and the Eurozone
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone. What Now?” The...
View ArticleRochon Asks: “Is the Canadian economy unraveling?”
In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy. The link to the blog post is here. Follow him on Twitter @Lprochon.
View ArticleROCHON: Harper in closet over the economy as Canada heads toward another...
This guest blog post has been written by Louis-Philippe Rochon. You can follow him on Twitter @Lprochon – Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by...
View ArticleROCHON: Greece, Syriza and the Euro
This is a guest blog post from Louis-Philippe Rochon. Follow him on Twitter @Lprochon. — What a tumultuous few weeks we witnessed in Greece. Though the victory of Syriza was ill-received in particular...
View ArticleG20 meeting of world finance ministers too little too late
Posted 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...
View ArticleROCHON On Greece once More
LOUIS-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...
View ArticleTHE EURO, THE DRACHMA AND GREECE: limited options in an impossible situation
Jean-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...
View ArticleROCHON on the upcoming federal budget (April 2015)
THE 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...
View ArticleROCHON on 2015 budget: Conservatives making a mockery of working Canadians
CONSERVATIVES 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,...
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Rhetoric vs Reality: The Harper Govt Economic Record
Speculation is intense that the unofficial election campaign we have already been experiencing for several months, is about to become official: Ottawa is awash in rumours the writ may be dropped as...
View ArticleHarper has the worst economic record in history
Louis-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...
View ArticleWould an NDP win mean the end of Canada?
Louis-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,...
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The Alternative Federal Budget 2017
This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The...
View ArticleSmooth Sailing Ahead For the Global and Canadian Economy?
The consensus forecast of just about everybody – the IMF, the OECD, the Bank of Canada, the Canadian banks – is that Canada will share in a global recovery from the stagnation which followed the...
View ArticleThe Stock Market Jitters
The real problem is the absence of a sustainable growth model. My latest Globe ROB column.
View ArticleTeaching macroeconomics as though Lehmans didn’t happen
September 15th marked the tenth anniversary of the fall of Lehman Brothers, destabilizing Western economies at levels not seen since the 1930s. It also marked the second week of fall classes, with many...
View ArticleCrashed: How a Decade of Financial Crises Changed the World
Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and is far from definitively behind...
View ArticleTen considerations for the next Alberta budget
Over at the Behind The Numbers website, I’ve written a blog post titled “Ten considerations for the next Alberta budget.” The blog post is a summary of a recent workshop organized by the Alberta...
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Ten things to know about CMHC’s Insured Mortgage Purchase Program
In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to $50...
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Homelessness in canada could rise due to recession
I am currently writing a report for Employment and Social Development Canada looking at the long-term impact of the current recession on homelessness. It should be ready by early November. In the...
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the recession’s likely long-term impact on homelessness
I’ve just written a report for Employment and Social Development Canada on the current recession’s likely long-term impact on homelessness in Canada. An overview of the report can be found here. Nick...
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