The Broadbent BlogBlog Feed

The hub for Canada’s leading progressive voices.

Disclaimer: the opinions expressed  herein are those of the author and not necessarily those of the Institute.

Thomas Piketty's body blow to conventional economic wisdom

During the ordinary working of capitalism – absent the extraordinary Great Wars and Great Depression of the first half of the twentieth century – inequality, as manifested in the distribution of wealth, rose over time and promises to continue to do so.

Call that distressing result Piketty’s law. 

Elucidated in his magisterial Capital in the Twenty First Century, it hearkens back to the “laws” of classical economics from the late eighteenth century (a.k.a. the political economy of Malthus, Ricardo, Marx) to the rise of neo-classical economics in the latter part of the...

Quebec a sign that federalism works

The run up to the recent Quebec election prompted a revival of the argument that only federal transfers keep that fiscally-challenged province afloat. For example, Mark Milke of the Fraser Institute argued in the National Post that Quebec is “massively subsidized by the rest of Canada.”

This argument is hugely over-done. And it contradicts a more effective and positive argument for federalism, namely that it has been no barrier to the construction of a...

Conservatives learn efficiency, not fossil fuels, the path to energy security

On May 1st, the Standing Committee on Natural Resources considered the issue of “Energy Security of Ukraine and the Rest of Europe”. Government MPs likely picked this topic because they were expecting the export of Canadian oil and gas to be the “solution” to Europe’s challenge.

What they learned, however, was unexpected. What was the most realistic way to promote energy security in the Ukraine and Europe? Energy efficiency!