Monthly Archives: June 2018
Micro Profs teaching Intro Macro
My crappy little Twitter poll isn't conclusive of course, but it mostly agrees with my priors based on anecdotal evidence, so I think it's probably mostly right. I think this points to a problem, in two senses: Finding profs willing and able to teach Intro well is not easy. It's low status (and economists dumping […]
Grain Transshipment at the Lakehead: A Canada Day Celebration
“Two towns stand on the shores of the Lake less than a mile apart. What Lloyd’s is to shipping, or the College of Surgeons to medicine, that they are to the Wheat.” Rudyard Kipling, Letters of Travel Just in time for July 1st, there was a short ceremony and plaque unveiling today at the Western […]
Hydraulic Monetarism
There are two ways to increase your stock of money: 1. increase the flow in; 2. reduce the flow out. There is only one way to increase your stock of any other asset: 1. increase the flow in. (Unless you are a producer of that other asset. Or unless you are a dealer in that […]
The Parable of the Fruit Trees
The apple producer produces apples. The banana producer produces bananas. The cherry producer produces cherries. Every year they always work exactly the same number of hours and produce exactly the same quantity of fruit. If you define "recessions" as a decline in output and employment, there cannot be a recession in this economy. By assumption. […]
A gnomic theory of higher education
Here are the powerpoint slides (.pdf format) for my CEA Presidential Address "The Political Economy of University Education in Canada": DOWNLOAD WOOLLEY PRESIDENTIAL ADDRESS SLIDES HERE. The talk will be written up for the November issue of Canadian Journal of Economics, and I'll sketch out some of the main ideas here. Universities do two things. First, […]
Worthwhile Canadian Initiative 
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