Three Questions on Canadian Business Question 1: What is the economic ideology expressed by Jim Flaherty in the above articles? Use material from the course book and from authoritative sources. Flaherty’s economic ideology would appear to be supply-side economics: cut the tax rate, the theory evidently goes, and the economy will come around without too much trouble. People basically invest when tax breaks give them a financial incentive to invest (please see Badertscher , para.2). One might view this as curiously comparable to the Keynesian economics that historically guided Canadian fiscal policy after WWII in the sense that tax breaks are introduced during a time of difficulty to ensure that macro-economic disequilibrium is reduced in...The end:
.....Canada. “Constitution Acts, 1867 to 1982.” N.d . 7 Feb. 2011 http://laws.justice.gc.ca/en/const/3.html#anchorbo-ga:s_91-gb:s_92 Harris, Mike & Manning, Preston. “A Canada strong and free: Achieving a fresh vision for Canada’s future.” Ed. Tom Wesson. Canada And The New World Economic Order, 3rd Edition. Concord: Captus Press, 2007. 358-382. “Service cuts possible as recovery lags.” Hamilton Spectator, 21 Oct. 2009, A09. Wesson, Tom. “The sectoral structure of Canada’s economy.” Ed. Tom Wesson. Canada And The New World Economic Order, 3rd Edition. Concord: Captus Press, 2007. 60-82. Wilson, H.T. “The quagmire of industrial policy.” Ed. Tom Wesson. Canada And The New World Economic Order, 3rd Edition. Concord: Captus Press, 2007. 383-390.