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Canada, Economics in

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The New Palgrave Dictionary of Economics

Abstract

In the first half of the 20th century, economics in Canada was primarily economic history, and its contribution was the staple theory of Canadian economic development. After the Second World War Keynesian macroeconomics swept the nation and, despite its British origin, it indigenized into a theory of primary product export-based growth, and a Western Marxist theory of the staple trap. In the last quarter of the century, positivism, monetarism, and neoconservative new classical economics swept north from the United States, leaving only the specific domestic circumstances to which it was applied as the distinctive thing about economics in Canada.

This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Robert W. Dimand & Robin F. Neill

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    Dimand, R.W., Neill, R.F. (2008). Canada, Economics in. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2476-1

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_2476-1

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