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Theory, History and Thinkers

Poverty Is Not a Permanent State of Affairs in Canada

The fate of the poorest members of our society is rightly a recurring subject of concern in economic debates. Certain statements commonly heard can, however, give the impression that there are a lot of low-income people in Canada, and that for the majority of them, poverty is a permanent state. This perception is actually contrary to the observed facts. As we shall see, the results of the available research are clear: Social mobility is high in Canada.

Viewpoint – Greek Tragedy: The Result of Longstanding Budgetary Irresponsibility

In discussions of the crisis in Greece, the issue of the responsibility of the Greeks for having gotten themselves into this situation is often ignored. The purpose of this Viewpoint is to remind readers that the Greek tragedy unfolding before our eyes did not happen overnight. Although surprising in its magnitude, this crisis is the result of a long history of budgetary deficits and of ruinous public spending decisions. Indeed, the Greek government has been living beyond its means for a very long time.

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