alberta economy

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In his 1996 book, Against the Gods-—The Remarkable Story of Risk, Peter Bernstein offers a reason why the ancient Greeks never progressed in mathematical understanding. It was, he observes, due to a lack of interest in testing their theories against the actual world. That process would have refined their ideas, given them testable hypotheses, and allowed them to properly link cause and effect.


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The 2007 Alberta budget signals the beginning of the end of the Alberta Advantage -- an advantage based largely on the combination of Canada’s smallest government and the country’s lowest tax rates.

A significant part of the explanation for the current boom enjoyed by Albertans are the policies embedded in the Alberta Advantage and implemented by former Premier Ralph Klein.


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Much has been made of the Alberta Advantage, the simple yet wonderfully effective combination of reduced government spending, lower taxes, streamlined regulation, and debt reduction, which propelled the Albertan economy forward beginning in the mid-1990s and lasting up until today. Unfortunately for Albertans, and other Canadians that see Alberta as an economic beacon, the province is the midst of losing that advantage and returning to the dark days of unsustainable spending increases, tax increases and deficits.