Theory, History and Thinkers

Markets and Machines

Rapid advances in artificial intelligence have breathed new life into the notion that it would be possible to plan the economy given the abundance of data available. This vision, however, rests on a misunderstanding of the way the economy actually works, explains economist Peter J. Boettke in this Viewpoint published by the MEI.

Quebec’s Quiet Revolution: Government Intervention Does Not Explain Economic Progress

The expansion of the Quebec government during the Quiet Revolution had no significant impact on the living standards of Quebecers, shows this MEI publication based on economic modelling. “The Quebec population did indeed get richer during this period, but it wasn’t due to the expansion of government,” says Vincent Geloso, senior economist at the MEI and co-author of the study.

Back to top