Economics

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Today Toronto350.org was at the Toronto Stock Exchange (TSX) to call attention to the need to shift investment away from fossil fuels. We can’t build a prosperous future with fuels that wreck the climate, and the billions we are putting into fossil fuel development now will prove wasted in the long term. My photos from […]

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Graham Henry, one of the organizers of the fossil fuel divestment campaign, has an op-ed in the Toronto Star today: Universities should get out of the fossil fuel business

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At UBC, faculty have spent the last week voting on whether or not to endorse fossil fuel divestment. We should get the result today. A strong positive turn-out would be a help for the campaign at U of T.

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The creation of Canada was only possible through the negotiation of treaties between the Crown and indigenous nations. While the wording of the treaties varies from the peace and friendship treaties in the east to the numbered treaties in the west, most are based on the core treaty promise that we would all live together […]

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To sum up, petroleum rents might well enable the oil states to buy the rest of the planet (or much of it) and to live on the rents of their accumulated capital. Piketty, Thomas. Capital in the Twenty-First Century. (Translated by Arthur Goldhammer) 2014. p. 462 (hardcover)

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The first industrial revolution, centered in Flanders, happened almost entirely because of the arrival from the Arab world of a new, horizontal loom, equipped with foot pedals to lift the warps. This innovation left the weaver’s hands free to throw the shuttle back and forth, which made weaving much faster and more profitable and, above […]

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The Varsity has printed another article on the fossil fuel divestment movement at the University of Toronto: Fossil fuel divestment campaign eyes ad-hoc committee presentation.

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Previously, we discussed whether inequality of wealth or income is a problem in and of itself, or only insofar as it produces other undesirable consequences. Thomas Piketty’s book Capital in the Twenty-First Century has received a huge amount of attention, and focuses precisely on the question of inequality. He has some interesting things to say […]

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