The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Canada, Economics in

  • Robert W. Dimand
  • Robin F. Neill
Reference work entry


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.


Ashley, W. J. Bladen, V. Brittnell, G. Bryce, R. Canada, economics in Conspicuous consumption Cournot, A. A. Dales, J. Dependency Easterbrook, W. Ely, R. T. English Historical School Fowke, V. Galbraith, J. K. German Historical School Gourlay, R. Hume, D. Infant-industry protection Ingram, J.K. Innis, H. A. Institutional economics Internal rate of return Johnson, H. G. Mackintosh, W. A. Mathematical methods in political economy Mavor, J. Monetary policy rules Mundell, R. Periphery Plumptre, A. F. W. Political arithmetic Rae, J. (1796–1872) Saunders, S. Social Credit Staples thesis Technical change Time preference Timlin, M. F. Viner, J. Wakefield, E. G 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Robert W. Dimand
    • 1
  • Robin F. Neill
    • 1
  1. 1.