Wage, Price, and Welfare


Book Description




The Secular Outlook


Book Description

The Secular Outlook: In Defense of Moral and Political Secularism shows how people can live together and overcome the challenge of religious terrorism by adopting a "secular outlook" on life and politics. Shows how secularism can answer the problem of religious terrorism Provides new perspectives on how religious minorities can be integrated into liberal democracies Reveals how secularism has gained a new political and moral significance. Also examines such topics as atheism, religious criticism and free speech




Monthly Labor Review


Book Description

Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.




Canadian Issues


Book Description

Topics of widespread concern to Canadians interested in the social sciences and to the general reading public are dealt with in this volume of essays by a group of Canada's leading scholars in political science and history. The book is presented in honour of Henry Forbes Angus, Head of the Department of Economics, Political Science, and Sociology at the University of British Columbia from 1930 to 1956, and the authors are all his former students, colleagues or associates. Included also are a bibliography of publications Dean Angus and, with his consent, a thoughtful and humorous article of his entitled "Administration and Democracy." Henry Forbes Angus was born in Victoria, in 1891. He received his school education in Victoria and subsequently attended the Lycée Descartes at Tours (France) and McGill University from which he received his B.A. in 1911. He proceeded to Balliol College, Oxford where he obtained a B.A., first class, in 1913 and a B.C.L., also first class, in 1914. He won the highly prized Vinerian Law Scholarship at Oxford in 1914, and was called to the Inner Temple Bar in the same year. Henry Angus served throughout the First World War: in India from 1914 to 1916 and in Mesopotamia from 1916 to 1919. He was promoted to the rank of Captain and mentioned in despatches. He returned to British Columbia after the war, and in 1919 was appointed Assistant Professor of Economics at the University of British Columbia. In the same year he obtained his M.A. from Oxford. He was promoted Head of the Department of Economics, Political Science and Sociology in 1930. From 1949 to 1956 he was also Dean of Graduate Studies. Professor Angus was made a Fellow of the Royal Society of Canada in 1939 and was its President in 1951-1952. He has honorary degrees from McGill University and from the University of British Columbia. He was a member of the Royal Commission on Dominion-Provincial Relations, 1937-40, and a member of the Royal Commission on Transportation, 1949-51. From 1941 to 1945 he was Special Assistant to the Under Secretary of State for External Affairs. Since 1955, Dean Angus has been Chairman of the Public Utilities Commission of British Columbia.







World Economic Outlook, October 2017


Book Description

The global upswing in economic activity is strengthening. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017 and to 3.7 percent in 2018. The growth forecasts for both 2017 and 2018 are 0.1 percentage point stronger compared with projections earlier this year. Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russia—where growth outcomes in the first half of 2017 were better than expected—more than offset downward revisions for the United States and the United Kingdom. But the recovery is not complete: while the baseline outlook is strengthening, growth remains weak in many countries, and inflation is below target in most advanced economies. Commodity exporters, especially of fuel, are particularly hard hit as their adjustment to a sharp step down in foreign earnings continues. And while short-term risks are broadly balanced, medium-term risks are still tilted to the downside. The welcome cyclical pickup in global activity thus provides an ideal window of opportunity to tackle the key policy challenges—namely to boost potential output while ensuring its benefits are broadly shared, and to build resilience against downside risks. A renewed multilateral effort is also needed to tackle the common challenges of an integrated global economy.




A Theory of Accumulation and Secular Stagnation


Book Description

Thomas Malthus identified a crucial tension at the heart of a market economy: While an accumulation of wealth is necessary to provide the capital investment needed to generate growth, too much accumulation will cause planned saving to exceed profitable investment, which will result in secular stagnation, a condition of low growth and underemployment of resources. Keynes drew inspiration from Malthus in his attempt to comprehend the causes of the Great Depression of the 1930s. Now, Aronoff demonstrates how a related but slightly different aspect of Malthus' thought can illuminate one of the most pressing issues of our times. In A Theory of Accumulation and Secular Stagnation, Aronoff explores Malthus' ideas relating to secular stagnation and uses the insight gained to understand the origins of the subpar growth and tepid employment, periodically punctuated by booms, that has plagued the US economy since the turn of the millennium. He explains how the rise of mercantilism among Asian countries – principally China – and increased income concentration generated an upsurge in excess saving. This accumulation created a chronic deficiency in demand while also depressing interest rates, which generated a search for yield that fuelled periodic booms.