Walter Gordon, left, chair of the 1955-1957 Royal Commission on Canada’s Economic Prospects, and Cy Gonick, founding publisher of Canadian Dimension, and one of the leading figures of the Waffle during his time as a Manitoba NDP MLA in the 1960s and 70s. Photo from the Toronto Star Archives. In
Continue readingAuthor: Mel Watkins
The Progressive Economics Forum: Canadian Political Economy on Staple Thesis
In an impressive overview of the state of Canadian Political Economy, a new book Change and Continuity ed. by Mark P. Thomas et.al. includes two important articles on the continuing relevance of the staple thesis. On the one hand, Jim Stanford’s “Staples Dependence Renewed and Betrayed: Canada’s Twenty-First Century Boom
Continue readingThe Progressive Economics Forum: Populism in the Time of Neoliberalism
The way of the world in recent and present time is the preach and the practice of neoliberalism, of pushing markets to their extremes. The Turkish writer and political analyst Ece Temelkuran in her new book How to Lose a Country: the Seven Steps from Democracy to Dictatorship, draws on
Continue readingThe Progressive Economics Forum: Help please!
Can anyone out there help me? Just saw a headline on CNN saying that, in spite of Brexit chaos, unemployment was at an historic low. Likewise in US where in spite of Trump — could it really be because of? — unemployment is also at an historic low. Reminds me
Continue readingThe Progressive Economics Forum: Technology and Democracy (continued)
Post the Second World War, the US became dominant in the world economy and a shift from coal to oil was deliberately taken by the state to weaken the power of coal-centred industrialization and tie the Middle East into American and European control. Transport of oil by pipeline and tanker
Continue readingThe Progressive Economics Forum: The Stamp of Oil
The opening sentence of the 2011 book, Carbon Democracy: Political Power in the Age of Oil by the historian Timothy Mitchell, reads “Fossil fuels helped create both the possibility of modern democracy and its limits.” Carbon democracy is “a certain kind of democratic politics.” He observes: “Countries that depend upon
Continue readingThe Progressive Economics Forum: Wilbur Schramm and Noam Chomsky Meet Harold Innis
That’s the actual title of a recent book (2015) by Robert E. Babe, who has a doctorate in economics and is professor of Information and Media Studies at the University of Western Ontario. The sub-title is Media, Power, and Democracy. Harold Innis you know. If you don’t, get with the
Continue readingThe Progressive Economics Forum: The Anthropocene and the New World
In recent decades all but the wilfully ignorant have had to face two facts: that climate change is taking place and that it is the result of what we humans are doing. The term Anthropocene was coined in 2000 in recognition of that latter hugely important fact. When had this
Continue readingThe Progressive Economics Forum: Possessive Individualism
That’s what the political theorist C.B. Macpherson (1911-1987) saw emerging historically with the rise of capitalism. Frank Cunningham in his just published intellectual biography of Macpherson, The Political Thought of C.B. Macpherson: Contemporary Applications describes possessive individualism as “The individual is proprietor of his own person, for which he owes
Continue readingThe Progressive Economics Forum: Abraham Rotstein and the Radical Decade from the mid-sixties to the mid-seventies
Remarks at a posthumous book launch of his Myth, Mind and Religion at Massey College, University of Toronto, October 2018 For more than 50 years, going back to the days of the old Department of Political Economy, Abe was my colleague in teaching and researching economic history and political economy,
Continue readingThe Progressive Economics Forum: Is there life after NAFTA?
Like all sensible folk I was myself opposed to the NAFTA at the outset, convinced that it did more for the corporations than for the rest of us. I’m still of that view. Is it possible that the biggest change that is now taking place is in the name
Continue readingThe Progressive Economics Forum: The New Language of Resource Exploitation: From Staples Dependency to Extraction Empire
“Staples dependency” we know from Innis onwards. It can mean reliant upon, dependent on, the export of staples, and permits of a staple theory of linkages as economic theory. It can also mean a resource margin of a more developed imperium. Economic theory is infused by the power relations inherent
Continue readingThe Progressive Economics Forum: Rotstein’s Monumental Epitaph
The late Abraham/Abe Rotstein (1929-2015) was an economist of a leftist persuasion, literally a Left Liberal. He left behind an almost completed manuscript which he had been working on for more than three decades. It has now been published. Its title Myth, Mind and Religion: The Apocalyptic Narrative is indicative
Continue readingThe Progressive Economics Forum: Was Innis Wrong?
The question is taken from the title of an article by Nancy Olewiler of Simon Fraser University in the Canadian Journal of Economics (November 2017), which, as it happens, was delivered as the Innis Lecture at the meetings of the Canadian Economics Association in 2017: “Canada’s dependence on natural capital
Continue readingThe Progressive Economics Forum: The Contemporary Relevance of Karl Polanyi
The political economist Karl Polanyi, author of the 1944 volume The Great Transformation: The Political and Economic Origins of Our Time, is arguably better known today than during his lifetime. The time has come for a major biography of Polanyi, Karl Polanyi: A Life on the Left by Gareth Dale.
Continue readingThe Progressive Economics Forum: A Tale of Two Books
Just published is Volume I of an exhaustive – occasionally exhausting – biography of Paul Samuelson. It’s titled Founder of Modern Economics: Paul A Samuelson Vol I: Becoming Samuelson, 1915-1948 and authored by Roger E Backhouse. The two books of my blog title are Foundations of Economic Analysis, published in 1947, a revision of Samuelson’s
Continue readingThe Progressive Economics Forum: Toward a Better World
That is the well chosen title of a marvelous new book by Gerry Helleiner, sub-titled Memoirs of a Life in International and Development Economics. Helleiner, from his home base at the University of Toronto, tells us in this most readable book, in his own modest way, the stories, notably from
Continue readingCanadian Dimension: Trump in the Time of Trumpism
“Trailer of Globalization” by Piotr Mamnaimie We live in an “age of anger”, to borrow the title of a recent book by Pankaj Mishra – an India-born public intellectual well connected in the U.S. and the U.K. – which sets the tone for this posting. Take Trump (you can have
Continue readingThe Progressive Economics Forum: A Critical Take on Staples
Almost a century ago W.A. Mackintosh and Harold Innis created the staple approach to Canadian studies which came to be the core of “Canadian political economy.” Post World War II the staple approach was revised and rejuvenated, and became the core of what was now called “the New Canadian Political
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