This week I got an email from the Quebec Liberal Party that gives new meaning to the term “Quebec, Inc.”
Monday morning I was in class teaching the “Coase solution” to externalities problems, which is named after its discoverer, Ronald Coase, the Nobelist economist and one of very few humans ever to publish a book in his second century.
Premier Philippe Couillard recently declared that government finances and the economy are his top priorities, stating that “the goal is clear: consolidation of public finances and economic re-launch.” This is laudable.
As the Quebec government struggles to eliminate its deficit and rein in the largest debt burden in Canada, it has identified government-sector compensation as a way to restrain spending and balance the budget in 2015/16.
One of the more persistent myths about prosperity is that it results purely from luck. Often, commentators credit the mere presence of oil, gas, potash and other natural resources for Western Canada’s recent (and presently fading) boom in investment, jobs and government revenues.