Is there economic salvation for Alberta in 2019?

The rise of intangibles is the most significant transformation in capitalism since the industrial revolution. Now we have to monetize it

Is there economic salvation for Alberta in 2019?Alberta's economy has lurched toward crisis and panic this year. With the energy industry floundering, is there an alternative economy that could lead Alberta out of the wilderness? Surprisingly there is. And we don't have to start from scratch to renew growth. The resources are right in front of us, hidden in an obscure place…

Economic growth and innovation crucial to fighting poverty

Raising taxes to fund spending on the poor discourages wealth creation and productive work effort, shrinking the economic pie

Economic growth and innovation crucial to fighting povertyInstead of having government take more from the rich in hopes that it will go to the poor, a far better poverty reduction strategy is to encourage economic growth and innovation. Yale University economist William Nordhaus was one of the winners of the Nobel Prize in economics this year for his work on analyzing the…

Uber’s utter disrespect for social and business norms

The economic benefits of demolishing a monopoly business practice aren’t worth the environmental and human costs

Uber’s utter disrespect for social and business normsUber is embroiled in public controversy yet again with its Twitter release of an embarrassing dash-cam video of Ottawa Senators players mocking a coach while using the ride-sharing service. The tweet of the private conversation, captured on Oct. 29 when the National Hockey League team was between games in Las Vegas and Arizona, has reportedly…

Disruption has reshaped the corporate sector

The roles of employees and their required skills are also changing. And policy-makers face critical new challenges

Disruption has reshaped the corporate sectorThe Haskayne School of Business at the University of Calgary is one of the leading business education institutions in Canada. Over the coming weeks, faculty from the school will share insights from their research that help readers understand what’s happening in our economy. Corporations evolve a lot differently today than the world’s most valuable companies…

Governments and the law of unintended market consequences

Things inevitably go off the rails when government gets involved in the marketplace

Governments and the law of unintended market consequencesI believe that the market is the best system for allocating goods and services in an economy. (I also believe that in a country as rich as Canada  no one should have to go cold or hungry, but that’s another subject.) There are many who would disagree, giving governments – through laws, regulation or fiat…

How human capital is turning our economic system on its head

The rise of the intangible economy has upset the industrial applecart, rendering many basic assumptions redundant

How human capital is turning our economic system on its headA recent New York Times article (6 Reasons That Pay Has Lagged Behind U.S. Job Growth) highlights a great mystery: persistent wage stagnation. As the U.S. job market tightens, economic theory suggests wages should rise – it's all about supply and demand. Problem is, wages in the U.S. have largely been flat for decades. Many…

Banksy, and art’s uneasy alliance with capitalism

The gift shop at the Toronto exhibit offers a swath of overpriced items. What would the ultra left-wing artist think of that?

Banksy, and art’s uneasy alliance with capitalismThere’s always been an understood link between art and capitalism. Even artists who reject the very nature of capitalism will still be part of this process, whether they like it or not. This includes the popular, controversial and mysterious graffiti artist known as Banksy. A product of Bristol, England’s underground scene, this person’s name and…

Is western civilization worth defending?

The science, culture and philosophy of the West have been embraced around the world. And millions still flock to our shores

Is western civilization worth defending?“An anthropologist is someone who respects the distinctive values of every culture but his own. We in the West are all anthropologists now.” – Roger Kimball, The Fortunes of Permanence: Culture and Anarchy in an Age of America Soon after arriving at McGill University in 1968 from a year of ethnographic field research in Iran,…

Marxism “the opium of the intellectuals”

On the 200th anniversary of Marx's birth, let's admit Marxism has nothing useful to say to the modern world

Marxism “the opium of the intellectuals”Karl Marx is buried in England, in the north London suburb of Highgate. I know that because I came across his grave in the summer of 1964. Topped by a large bronze bust on a marble pedestal, the tomb is hard to miss. And although you might think of Marx as a quaint figure, you’d…

Meet the next generation of leaders in Eastern Europe

A visiting professor to Lithuania discovers a generation of bright, committed and principled students who aspire to change their world

Meet the next generation of leaders in Eastern EuropeUniversity professors have a unique, daunting and exciting responsibility. They’re tasked with educating, empowering and inspiring the next generation of leaders. And not just our next political leaders. I’m also referring to the next generation of leaders in all fields of human endeavour. In the arts and sciences, in business and technology, in agriculture and…