Canada, Britain and the drive to restore economic growth

Victor, Peter; Hallsworth, Alan
May 2011
British Journal of Canadian Studies;2011, Vol. 24 Issue 1, p19
Academic Journal
The 'sub-prime' meltdown has accelerated critiques of the economic modelling that underpinned the activities of banking and allied industries. Coincidentally, there has been resurgence in interest in more socialised interpretations of economic life. In this article we seek to show how it may still be possible to marry formal economic modelling with these more socialised concerns. We argue that, at a time when many economists are anticipating slower growth rates in the future, such a possibility need not be disastrous. Indeed, it could result in genuine gains in terms of sustainability and a more just and stable society. Overall, then, we outline proposals for a different long-run economic trajectory and conclude with brief comments on the suggestion that Britain can validly overcome current deficits by copying the actions of the Liberal Government of Canada during the 1990s.


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