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The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
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The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institutions whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
This compilation of papers explores the question of how Canada's average level of prosperity might be raised and how these gains might be widely distributed in the future. The first paper surveys trends in income distribution and the controversies involved in defining poverty lines, and discusses explanations for the rising disparities in market incomes. Particular attention is paid to questions of market failure that are central to each diagnosis of the rising inequality phenomenon. The second paper summarizes studies that estimate how many of the benefits of each government program go to individuals and families at each point on the income scale, and combines the calculations to estimate how much overall income redistribution Canadian governments do. The final paper investigates a version of new growth theory and presents a model whose key aspect is government spending on education as a means of raising both income equality and overall economic growth.
In 1985, the report of the Royal Commission on the Economic Union & Development Prospects for Canada (commission chair Donald Macdonald) set out recommendations that became a focus for the development of economic & social policy in Canada. This volume of papers reviews the contribution that the Macdonald Commission report made to Canadian public policy, examines the changes since then, and looks at the enduring lessons that policymakers can draw from its conclusions. The volume begins with a personal perspective on the Commission's work & report by Donald Macdonald, then presents papers on macro stability & economic growth (the economic & political climate, inflation, income policy, the deficit, unemployment, living standards), labour markets & social policy (including immigration, labour-management relations, education & training, income security), international trade (notably the recommendation for a Canada-United States free trade agreement), and federalism & Canada's economic union (executive federalism & regionalism, proportional representation, Senate reform, trade & capital markets, securities regulation, fiscal agreements, intergovernmental transfers).
From the back cover: Willingly or not Canadian governments are making deficit reduction and control of public debt conerstones of their economic policies. Yet the consequences of deficit reduction, like the effects of deficits themselves, are matters of controversy among economists and policymakers. The size and nature of the burdens imposed by mounting government debt are uncertain, while predictions of the benefits and cost of fiscal retrenchment are sensitive to key assumptions about economic structure, the strategy of the budget-balancing exercise, and complementary government policies. This volume presents state-of-the-art investigations of these problems from a number of leading Canadian economists.
This commentary first describes the current monetary order in Canada (a central bank, floating exchange rate, domestic inflation target, & institutional accountability). It then examines various options proposed by critics of this order, such as a pegged US/Canadian dollar exchange rate, a currency union, and unilateral adoption of the US dollar. The advantages & drawbacks of each are compared to the current order. Areas where US co-operation affects the attractiveness of an option are identified and the likelihood of such co-operation is evaluated.