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Economics Of The Canadian Bishops

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  • WALTER BLOCK

Abstract

The author welcomes the bishops' statement as an expression of the uniquely moral aspect of the Canadian unemployment crisis. The statement is dramatic, compassionate and deeply ethical in its concern for the Canadian economy and its people—especially for the poor, the afflicted, and the oppressed. However, the bishops' public policy recommendations are ill‐advised and incompatible with the attainment of their very worthwhile goals. By relying on a quasi‐Marxist economic analysis, the bishops misconstrue the role and effects of inflation, price controls, technological progress, welfare, and the labor union movement. To achieve economic progress, including a cure for unemployment, a move toward freer markets is needed—not more government intervention.

Suggested Citation

  • Walter Block, 1988. "Economics Of The Canadian Bishops," Contemporary Economic Policy, Western Economic Association International, vol. 6(1), pages 56-68, January.
    • Handle: RePEc:bla:coecpo:v:6:y:1988:i:1:p:56-68
    DOI: 10.1111/j.1465-7287.1988.tb00278.x
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    References listed on IDEAS

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    1. Herbert G. Grubel & Dennis R. Maki & Shelley Sax, 1975. "Real and Insurance-Induced Unemployment in Canada: A Reply," Canadian Journal of Economics, Canadian Economics Association, vol. 8(4), pages 603-605, November.
    2. Milton Friedman & Anna Jacobson Schwartz, 1965. "Introduction to "The Great Contraction, 1929–33"," NBER Chapters, in: The Great Contraction, 1929–33, pages 1-5, National Bureau of Economic Research, Inc.
    3. Maki, Dennis R & Spindler, Zane A, 1975. "The Effect of Unemployment Compensation on the Rate of Unemployment in Great Britain," Oxford Economic Papers, Oxford University Press, vol. 27(3), pages 440-454, November.
    4. Milton Friedman & Anna J. Schwartz, 1965. "The Great Contraction, 1929–33," NBER Books, National Bureau of Economic Research, Inc, number frie65-1.
    5. Herbert G. Grubel & Dennis R. Maki & Shelley Sax, 1975. "Real and Insurance-Induced Unemployment in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 8(2), pages 174-191, May.
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