An important hypothesis put forth by Amartya Sen is that a given level of per capita real income in a population can generate quite different levels of socio-economic well-being depending on the economic infrastructure of that population and the distribution of income. Sen's hypothesis is...

The first set of hours of work estimates constructed for Canada and its regions for the 1880-1930 period is presented in this article. These estimates suggest a trend decline in hours of work, especially following First World War. In addition, these estimates suggest that the decline in hours of...

Contrary to the conventional view that unemployment insurance serves to directly increase the rate of unemployment as well as reducing an economy's competitiveness by increasing the market wage of labor, the argument presented in this paper is that this worldview critically depends on...

The hypothesis that economic freedom and related variables are significant determinants of real per capita income and growth is critically evaluated. Economic freedom is found necessary for higher levels of per capita income and growth largely in terms of threshold effects as opposed to...

Alternative estimates for the volatility of pre-depression and post-World War II Canadian business cycles are constructed using various real Canadian GNP series. These estimates all suggest that the latter period was prone to much less cyclical volatility than the pre-depression years. With few...