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In many commodity-based economies, rollercoaster boom-and-bust cycles have come to be viewed almost as an unavoidable characteristic. Framed mainly in the context of the Alberta economy, the articles in this volume explore a wide range of issues associated with the historical phenomenon of recurring periods of boom and bust, including reasons for their apparent inevitability, dealing with revenue volatility, possible diversification strategies, savings policy, and challenges faced by policy makers. Re-examining and shedding new light on these struggles, Boom and Bust Again is an important contribution to the literature on policy issues for readers in the fields of economics, business, finance, and public policy. Contributors: Robert L. Ascah, Jason Brisbois, Colin Busby, Edward J. Chambers, Bev Dahlby, Stephen Duckett, J. C. Herbert Emery, Nicholas Emter, Roger Gibbins, Brad R. Humphreys, Ronald Kneebone, Gordon Kramer, Stuart Landon, Kathleen Macaspac, Victor A. Matheson, Melville McMillan, John D. Murray, Alice O. Nakamura, Al O'Brien, David L. Ryan, Liesje Sarnecki, Constance Smith.
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Eric Hanson Albertas first, and arguably greatest, economist wrote a number of influential books on federal-provincial relations, education finance, health care finance, and energy economics. His doctoral thesis was entitled A Financial History of Alberta, 1905-1950 and was found by Paul Boothe at the University of Alberta library while Boothe was doing research on Alberta government spending almost forty-five years after it was written. This "forgotten gem" sheds light on the institutional, economic, and public development of the province from a financial perspective. With a detailed and analytical introduction, this edited work provides historical perspective on the perennial problems facing Alberta's fiscal managers: wildly fluctuating revenues, in-migration, seemingly insatiable demands for infrastructure, high-quality public services, and resistance to taxes while exuding an optimistic attitude for the future.
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