Paper Boom, Acid Bubble or Staple Bust
Abstract
In seeking to explain Canada's sluggish economic performance during the 1990s, Jim Stanford's new book Paper
Boom contrasts the relative vibrancy of markets for financial
assets with the slowdown in investment spending. The central premise of Paper Boom is that the Canadian financial system has failed to fulfill its purported function of channelling savings into private investment in capital goods, all to the detriment of the Canadian economy.
Boom contrasts the relative vibrancy of markets for financial
assets with the slowdown in investment spending. The central premise of Paper Boom is that the Canadian financial system has failed to fulfill its purported function of channelling savings into private investment in capital goods, all to the detriment of the Canadian economy.
Studies in Political Economy:
Online ISSN 1918-7033
Print ISSN 0707-8552