Wealth of First Nations

Adam Smith showed in The Wealth of Nations how prosperity arises from making and trading, rather than taking.
Published on February 19, 2019

167pp  ISBN: 9780889755338 (pdf on demand)
Fraser Institute February 2019

His findings apply to Canadian First Nations, just as they do to other nations. A higher standard of living for First Nations is a priority for Canadian policy makers. To achieve that goal, it is important to know what works and what doesn’t. The Wealth of First Nations provides empirical evidence, based on the achievements of First Nations themselves, about the factors associated with high scores on the Community Well-Being (CWB) Index, which aggregates measures of income, employment, housing, and education for all Canadian communities, including Indian reserves. The overall conclusion is that “making” participation in the Canadian economy—is more effective than “taking”—using political and judicial power to obtain larger transfers from government.

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