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1. William Watson: Hydro Quebec wants to cut down more than 100 trees—an ‘externalities’ problem

   Monday morning I was in class teaching the “Coase solution” to externalities problems, which is named after its discoverer, Ronald Coase, the Nobelist economist and one of very few humans ever to publish a book in his second century. ...

2. Job numbers prove economy never sleeps

   Anyone paying attention to Canada's current federal election campaign has heard—dozens of times—that the Canadian economy either was or was not in a recession in the first half of this year. Whether it really was or not, economists ...

3. The hypocrisy of saving the planet from 30,000 feet

   Mercifully, the Leap Manifesto, at 1,437 words, is only 1/27 the length of its (for now) more famous anti-capitalist predecessor, the Communist Manifesto. Even so, it has generated lots of comment, especially for its goal of a “100 per ...

4. Economic success doesn't necessarily breed consumer confidence

   The OECD has just launched a handy “Dashboard of Household Indicators” that makes for easy comparison of several measures of household well-being in different member countries. It’s a useful addition to the OECD’s already very useful ...

5. Economics: the futile science?

   To mark the 85th birthday of Thomas Sowell, Hoover Institution economist and occasional Fraser Institute contributor who’s written about a book a year since 1971 and hundreds of articles in a career dedicated to clear thinking about ...