A special joint publication of the Frontier Centre, AIMS and the Montreal Institute
Has the Finance Minister finally seen the light? Or has he succumbed to the spirit of the season.
In a speech yesterday, Federal Finance Minister Hon. Paul Martin said that he was supportive of a major policy initiative.
What does one of the world’s most prominent economists, a man whose pioneering work in the 1950s made him the father of equalization programs, think about them today?
Economists are a blunt-spoken lot, in their own jargon-ridden way.
Professor James Buchanan, 1986 Nobel Laureate in Economics, says that equalization programmes can be captured and destroyed by politics and bad design. Known as one of the “fathers of equalization” because his early writings were highly influential in the design of equalization programmes such as Canada’s, Buchanan revisited his arguments of 50 years ago in Montreal today.
A luncheon talk at “Equalization: Helping Hand or Welfare Trap?”, a conference co-sponsored by the Atlantic Institute for Market Studies, the Montreal Economic Institute and the Frontier Centre for Public Policy, Montreal, 25 October 2001