Who decides what statistical offices measure and how they measure it? And what are the implicit values embedded in these decisions? Recently, the ILO issued a new manual on measuring productivity. Below, I´ll discuss the questions posed. But for starters, it is essential to realize that economists measure monetary productivity, not physical productivity, which leads to problems with ever-changing prices. This will be part of the discussion. The ILO (International Labour Organization)...
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I recently spoke at the Standing Committee on International Trade on their study “Priorities of Canadian Stakeholders having an interest in Bilateral and Trilateral trade in North America, between Canada, United States and Mexico”. I share my notes with you here, although I did ad-lib a bit in the actual committee meeting. ********************** The labour movement is keenly aware that trade is, and always has been, an important feature of the Canadian economy. Many of our jobs depend on...
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