DOCSLIB.ORG

Fiscal Policy Lessons for Alberta's New Government from Other NDP

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fiscal Policy Lessons for Alberta's New Government from Other NDP Fiscal Policy Lessons for Alberta’s New Government from other NDP Governments JUNE 2015 Ben Eisen, Charles Lammam and Jason Clemens fraserinstitute.org Contents Executive summary / i Introduction / 1 The challenge facing Rachel Notley’s NDP government in Alberta / 3 Political brands are poor predictors of fiscal prudence / 5 Path 1: Higher spending and taxes under the Ontario NDP in the early 1990s / 7 Path 2: Spending reductions and fiscal discipline under the Saskatchewan NDP in the early 1990s / 12 Directly comparing spending trajectories in Ontario and Saskatchewan in the early 1990s / 17 7. Conclusions / 19 References / 20 About the authors / 23 Acknowledgments / 24 Publishing information / 25 Supporting the Fraser Institute / 26 Purpose, funding, and independence / 26 About the Fraser Institute / 27 Editorial Advisory Board / 28 fraserinstitute.org fraserinstitute.org Executive summary Rachel Notley’s New Democratic government in Alberta takes office facing significant fiscal and economic challenges. The fiscal policy choices the new government makes will play an important role in shaping the future fiscal health and economic prospects of Alberta. Too often, people believe it is possible to accurately predict a new government’s approach to policy simply by observing its political label. In fact, political branding is a poor predictor of how successful it will be in managing government finances. This paper demonstrates this fact of Canadian fiscal policy by look- ing at the fiscal track records of different governments that have repre- sented each of Canada’s major national political parties. The paper pays special attention to Rachel Notley’s own New Democratic Party. It exam- ines the fiscal policy approaches taken by Bob Rae’s NDP government in Ontario and Roy Romanow’s NDP in Saskatchewan during the early 1990s to show that there are multiple models of New Democratic fiscal govern- ance from which Premier Notley’s government can draw lessons. The Ontario NDP of the early 1990s, led by Bob Rae, represents one of these models. Like Notley’s new NDP government, Rae’s took power in Ontario during an economic turndown and faced significant fiscal challen- ges. The Rae government’s approach was to immediately and significantly increase provincial government spending, enacting a stimulus budget that increased nominal program spending by 11.9 percent, on top of an 11.6 percent increase that had occurred in the preceding year under the Liberal government of David Peterson. In subsequent years, under pressure from credit markets, the Rae government held nominal spending flat, keeping spending near the stimulus-era peak. Bob Rae’s NDP government tried to pay for some of this new spend- ing through an array of tax increases, but sluggish economic performance (to which the tax increases on personal income and corporate capital likely contributed) undermined this objective. The combined effect of spending increases and poor economic performance was the emergence of record- setting budget deficits, which exceeded $9 billion in each fiscal year from fraserinstitute.org ii / Fiscal Policy Lessons for Alberta’s New Government from other NDP Governments 1992 to 1995. The predictable result of these large budget deficits was a rapid expansion in the province’s net debt, which more than doubled from 14 percent of GDP in the 1990-1991 fiscal year to 29 percent of GDP in the 1995-1996 fiscal year. The NDP government in Saskatchewan under Premier Roy Roma- now, who took office in November of 1991, offered a stark contrast to the Ontario experience. Romanow delivered one of the more fiscally prudent and successful provincial governments in recent Canadian history, re- straining spending, keeping deficits in check, and laying the foundation for the relative prosperity the province has enjoyed since. Romanow’s govern- ment cut nominal program spending by approximately three percent dur- ing each of its first three years in office, resulting in a 10 percent spending reduction over a three-year period between the 1991 and 1994 fiscal years. The Romanow government’s approach delivered impressive fiscal outcomes. The government erased an $845 million budget deficit in just three years, returning to a budget surplus in fiscal year 1994-1995. The return to budget surpluses allowed the government to significantly reduce the province’s net debt from 28.3 percent of GDP in 1992 to 23.5 percent of GDP in the 2000 fiscal year. This reduction in net debt, combined with falling interest rates, brought significant relief to Saskatchewan taxpay- ers in the form of reduced debt service payments, which peaked at 25.4 percent of own-source revenue in fiscal year 1993-1994 before falling to 11.3 percent of own-source revenue in fiscal year 2000-2001. The fiscal prudence shown by the Romanow government established the founda- tion for successive NDP governments to reduce and reform both personal and business income taxes, which were key in establishing the competitive business environment the province currently enjoys. As Premier Notley and her cabinet work to develop their fiscal policy strategy, they would be well advised to follow the model of New Democratic governance provided by their Saskatchewan neighbours dur- ing the early 1990s. If, instead, they emulate the Ontario NDP model from the same period, the result will likely be increased spending, higher taxes, growing deficits, and reduced prosperity for Albertans in the years ahead. fraserinstitute.org Introduction Rachel Notley’s New Democratic government in Alberta takes office facing significant fiscal and economic challenges. The fiscal policy choices it makes in response to these challenges will help play an important role in shaping the future fiscal health and economic prospects of Alberta. Too often, people believe it is possible to accurately predict a new government’s approach to fiscal policy simply by observing its political label. In fact, political branding is a poor predictor of what type of ap- proach a new government will take to fiscal policy and how successful it will be in managing government finances. Each of Canada’s three ma- jor national parties have produced governments, either at the federal or provincial levels, that have pursued prudent and successful fiscal policy strategies. Each has also produced governments that have failed to manage government finances successfully, with painful economic consequences for their jurisdictions. This paper demonstrates this aspect of Canadian politics and policy development by looking at the fiscal track records of different govern- ments that have represented each of Canada’s major national political par- ties, demonstrating the wide range of approaches to fiscal policy that each is capable of delivering. Special attention is paid to Rachel Notley’s own New Democratic Party. By examining the fiscal policy approaches taken by Bob Rae’s NDP government in Ontario and Roy Romanow’s in Sas- katchewan during the early 1990s, we show that there are multiple models of New Democratic fiscal governance from which Premier Notley’s new government can draw lessons. All three of Canada’s major national parties have shown themselves capable of producing governments that deliver sound policies that deliver desirable fiscal and economic outcomes. Premier Notley’s new team need look no further than the history of their own party’s provincial govern- ments in different jurisdictions for examples of both highly successful and unsuccessful approaches to financial management. By studying the successes of Saskatchewan’s NDP government during the early 1990s, the new government in Alberta can identify policy strategies that will help lay fraserinstitute.org 2 / Fiscal Policy Lessons for Alberta’s New Government from other NDP Governments the foundation for a fiscally sustainable and prosperous Alberta. Sound policies based on solid evidence and real-world experiences can lead to prudent policymaking, regardless of political stripe. fraserinstitute.org The challenge facing Rachel Notley’s NDP government in Alberta Rachel Notley’s recently elected NDP government comes into office facing significant fiscal challenges. Low energy prices and rapid growth in gov- ernment spending have left the province’s finances in a bleak condition. Alberta now confronts a multi-billion dollar budget deficit and a likely end to the province’s “debt-free” status. Alberta’s operating deficit for the current fiscal year (2015-2016) is projected to be $5.0 billion (Alberta, 2015a: 107). As figure 1 illustrates, Alberta’s per capita deficit this year is projected to be the second highest in Canada, behind only Newfoundland & Labrador. Alberta’s per-capita deficit is projected to be approximately twice as large those in Ontario and New Brunswick, two provinces that are widely recognized to be facing se- Figure 1: 2015-2016 projected per capita surplus or deficit by province $500.00 $97 $62 $4 $0.00 -$104 -$500.00 -$333 -$628 -$631 -$1,000.00 -$1,240 -$1,500.00 -$2,000.00 -$2,071 -$2,500.00 SK BC qC NS MB ON NB AB NL Source: Royal Bank of Canada (2014), Fiscal Reference Tables; Statistics Canada (2014); and calculations by authors. fraserinstitute.org 4 / Fiscal Policy Lessons for Alberta’s New Government from other NDP Governments vere public finance challenges (Murrell and Fantauzzo, 2014; and Murphy et al., 2014). Government spending in Alberta has increased rapidly in recent years, and at a significantly faster pace than would be required by the combined effects of population growth and inflation. One recent analysis showed that if growth in program spending had been held to the rate of population growth plus inflation since the 2004-2005 fiscal year, program spending in the most recent fiscal year (2013-2014) would have been $8 billion lower than was in fact the case (Milke and Palacios, 2015). As a re- sult of this rapid and sustained spending growth, Alberta’s per-capita pro- gram spending is now among the highest in the country, reaching $10,919 in the 2013-2014 fiscal year, roughly $1,300 above the national average (Alberta, 2015b).
Load more

Recommended publications
  • The Science of String Instruments
    The Science of String Instruments Thomas D. Rossing Editor The Science of String Instruments Editor Thomas D. Rossing Stanford University Center for Computer Research in Music and Acoustics (CCRMA) Stanford, CA 94302-8180, USA [email protected] ISBN 978-1-4419-7109-8 e-ISBN 978-1-4419-7110-4 DOI 10.1007/978-1-4419-7110-4 Springer New York Dordrecht Heidelberg London # Springer Science+Business Media, LLC 2010 All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed on acid-free paper Springer is part of Springer ScienceþBusiness Media (www.springer.com) Contents 1 Introduction............................................................... 1 Thomas D. Rossing 2 Plucked Strings ........................................................... 11 Thomas D. Rossing 3 Guitars and Lutes ........................................................ 19 Thomas D. Rossing and Graham Caldersmith 4 Portuguese Guitar ........................................................ 47 Octavio Inacio 5 Banjo ...................................................................... 59 James Rae 6 Mandolin Family Instruments........................................... 77 David J. Cohen and Thomas D. Rossing 7 Psalteries and Zithers .................................................... 99 Andres Peekna and Thomas D.
    [Show full text]
  • The Office of Premier of Ontario 1945-2010: Who Really Advises?
    The Office of Premier of Ontario 1945-2010: Who Really Advises? Patrice Dutil and Peter P. Constantinou This article focuses on the composition of the Ontario Premier’s office and uses an institutionalist approach to put the influence of advisors in context. It looks at expenditures attributed in the Public Accounts to the Premier’s Office and staffing. It assumes that the number of advisors and their placement in the decision-making hierarchy should have a material impact on the quantity and quality of the advice being received by the Premier. Among other things the articles 2013 CanLIIDocs 388 shows that the classic policy/administration divide was not clearly defined in Ontario. Instead it exhibits a back-and-forth habit of experimentation that depended on the personality of the prime minister, the capacities of political and bureaucratic advisors, and the stages of the governmental cycle. There have been discernible cycles in the hiring of political staff and in the growth of expenditures that would indicate the Premier’s Office was more concerned with campaign preparations and externalities than it was in rivaling bureaucratic influence. Compared to Ottawa, where the structures of the Prime Minister’s Office and the Privy Council Office have been far more distinct in this similar time frame, the Ontario experience reveals itself as one of constant experimentation. or almost two generations, observers of all sorts In her study for the Gomery Commission, Liane have almost unanimously lamented the growth in Benoit noted that political staff (or “exempt staff”) Finfluence of prime ministerial advisors. Members played a valuable role in advising Prime Ministers.
    [Show full text]
  • Glendon's Student Weekly
    , • P 0 T£ I Le premier journal etudiant de I'V niversite York Glendon's Student Weekly College • Glendon. College Ie 16 novembre 1987 Volume 27, No.9 .,, J 0 •t 0 j ......(])" I -u ::J- q;0 0 ::J- ::Co (/) JJ (]) (]) Q ! Glendon: York Campus Look-Alike? by John Sullivan proved by Glendon and the Lawrence and Bayview inter: it will then pass. If Glendon unless Glendon takes the lead Glendon College could soon York Development Corp. section. The impression re­ students are opposed then once role because residents have no have a new face as a result of (YUDC) or else the entire pro­ ceived was that Mr. Aubin­ an objection is made to city plans to pursue this issue." two condominium buildings ject cannot proceed. We do Roy thought the GCSU would council the matter will be for­ Do Glendon students ap­ scheduled to be built on the have the power to block this." not object to the development. warded to the Ontario Munici­ prove or disapprove of these immediate North side of the When contacted on Thursday However, when Eliza Cic­ pal Board (OMB) for an appeal condominiums? The following front gate entrance. The North Nov. 12, Mr. Aubin-Roy re­ cone, Director of External hearing. Representing Glendon is a complete list of contacts Affairs, was contacted she felt York city council has accepted quired time to refresh his at the 0 MB could cost upwards related to this issue: 0 a proposal by Cheddington memory, "I know very little that the student body was of $2000 in legal counsel but Eliza Ciccone, Holdings Ltd.
    [Show full text]
  • 'Turncoats, Opportunists, and Political Whores': Floor Crossers in Ontario
    “‘Turncoats, Opportunists, and Political Whores’: Floor Crossers in Ontario Political History” By Patrick DeRochie 2011-12 Intern Ontario Legislature Internship Programme (OLIP) 1303A Whitney Block Queen’s Park Toronto, Ontario M7A 1A2 Phone: 416-325-0040 [email protected] www.olipinterns.ca www.facebook.com/olipinterns www.twitter.com/olipinterns Paper presented at the 2012 Annual meeting of the Canadian Political Science Association Edmonton, Alberta Friday, June 15th, 2012. Draft: DO NOT CITE 2 Acknowledgements I would like to thank the following people for their support, advice and openness in helping me complete this research paper: Gilles Bisson Sean Conway Steve Gilchrist Henry Jacek Sylvia Jones Rosario Marchese Lynn Morrison Graham Murray David Ramsay Greg Sorbara Lise St-Denis David Warner Graham White 3 INTRODUCTION When the October 2011 Ontario general election saw Premier Dalton McGuinty’s Liberals win a “major minority”, there was speculation at Queen’s Park that a Member of Provincial Parliament (MPP) from the Progressive Conservative (PC) Party or New Democratic Party (NDP) would be induced to cross the floor. The Liberals had captured fifty-three of 107 seats; the PCs and NDP, thirty-seven and seventeen, respectively. A Member of one of the opposition parties defecting to join the Liberals would have definitively changed the balance of power in the Legislature. Even with the Speaker coming from the Liberals’ ranks, a floor crossing would give the Liberals a de facto majority and sufficient seats to drive forward their legislative agenda without having to rely on at least one of the opposition parties. A January article in the Toronto Star revealed that the Liberals had quietly made overtures to at least four PC and NDP MPPs since the October election, 1 meaning that a floor crossing was a very real possibility.
    [Show full text]
  • LATE 20Th and EARLY 21St CENTURY CLOWNING's
    CLOWNING ON AND THROUGH SHAKEPEARE: LATE 20th AND EARLY 21st CENTURY CLOWNING’S TACTICAL USE IN SHAKESPEARE PERFORMANCE by David W Peterson BA, University of Michigan, 2007 Masters, Michigan State University, 2009 Submitted to the Graduate Faculty of The Kenneth P. Dietrich School of Arts and Sciences in partial fulfillment of the requirements for the degree of Doctor of Philosophy University of Pittsburgh 2014 UNIVERSITY OF PITTSBURGH THE KENNETH P. DIETRICH SCHOOL OF ARTS AND SCIENCES This dissertation was presented by David W Peterson It was defended on April 16, 2014 and approved by Dr. Attilio “Buck” Favorini, Professor Emeritus, Theatre Arts Dr. Bruce McConachie, Professor, Theatre Arts Dr. Jennifer Waldron, Associate Professor, English Dissertation Advisor: Dr. Lisa Jackson-Schebetta, Assistant Professor, Theatre Arts ii Copyright © by David Peterson 2014 iii CLOWNING ON AND THROUGH SHAKEPEARE: LATE 20th AND EARLY 21st CENTURY CLOWNING’S TACTICAL USE IN SHAKESPEARE PERFORMANCE David Peterson, PhD University of Pittsburgh, 2014 This dissertation argues that contemporary clown performance (as developed in the latter half of the 20th century) can be understood in terms of three key performance practices: the flop, interruption, and audience play. I further argue that these three features of flop, interruption, and audience play are distinctively facilitated by Shakespeare in both text and performance which, in turn, demonstrates the potential of both clown and Shakespeare to not only disrupt theatrical conventions, but to imagine new relationships to social and political power structures. To this end, I ally the flop with Jack Halberstam’s sense of queer failure to investigate the relationship between Macbeth and 500 Clown Macbeth.
    [Show full text]
  • Sticky Cultures: Memory Publics and Communal Pasts in Competitive
    CUS7410.1177/1749975512473460Cultural SociologyFine 4734602013 Article Cultural Sociology 7(4) 395 –414 Sticky Cultures: Memory © The Author(s) 2013 Reprints and permissions: Publics and Communal Pasts in sagepub.co.uk/journalsPermissions.nav DOI: 10.1177/1749975512473460 Competitive Chess cus.sagepub.com Gary Alan Fine Northwestern University, USA Abstract Although examinations of social memory have largely focused on societies and large populations, much remembrance occurs within bounded publics. This memory, especially when it is held in common, ties individuals to their chosen groups, establishing an ongoing reality of affiliation. I term this form of memory work as sticky culture, recognizing the centrality of the linkage of selves and groups. To examine how sticky culture operates, I examine the social world of competitive chess with its deep history and rich literature. More specifically, I examine forms through which chess publics are cemented through remembrances of the past, focusing on the hero, the critical moment, and validated styles. Champions, memorable games, and recognized strategies establish a lasting public. Keywords chess, collective memory, communal, community, culture, groups, leisure, memory, tiny publics Chess gives not only contemporary fame, but lasting remembrance. To be a great chess player is to be surer of immortality than a great statesman or popular author . The chess player’s fame once gained is secure and stable. What one of all the countless chivalry of Spain is so familiar a name as Ruy Lopez? What American (except Washington) is so widely known as Paul Morphy? Chess, in fact, has lasted so long that we are sure it will last forever. Institutions decay, empires fall to pieces, but the game goes on.
    [Show full text]
  • Chomsky and Genocide
    Genocide Studies and Prevention: An International Journal Volume 14 Issue 1 Article 8 5-7-2020 Chomsky and Genocide Adam Jones University of British Columbia Okanagan Follow this and additional works at: https://scholarcommons.usf.edu/gsp Recommended Citation Jones, Adam (2020) "Chomsky and Genocide," Genocide Studies and Prevention: An International Journal: Vol. 14: Iss. 1: 76-104. DOI: https://doi.org/10.5038/1911-9933.14.1.1738 Available at: https://scholarcommons.usf.edu/gsp/vol14/iss1/8 This Article is brought to you for free and open access by the Open Access Journals at Scholar Commons. It has been accepted for inclusion in Genocide Studies and Prevention: An International Journal by an authorized editor of Scholar Commons. For more information, please contact [email protected]. Chomsky and Genocide Adam Jones University of British Columbia Okanagan Kelowna, British Columbia, Canada Introduction Avram Noam Chomsky (1928–) may be the most prominent and significant public intellectual of the post-World War Two period. His contributions to linguistic theory continue to generate debate and controversy. But two generations know him primarily for his political writings, public talks, and other activism, voicing a left-radical, humanist critique of US foreign policy and other subjects. Works such as American Power and the New Mandarins (1969, on Vietnam and US imperialism more generally), The Fateful Triangle: Israel, the US, and the Palestinians (1983), James Peck’s edited The Chomsky Reader (1987), and 1988’s Manufacturing Consent: The Political Economy of the Mass Media (co-authored with Edward S. Herman) hold a venerated status for leftist/progressive readers.
    [Show full text]
  • They Build on Great Relationships... It’S in Their DNA
    They Build on Great Relationships... It’s in their DNA The Liberal Family Tree The London Connection David Peterson (Premier of Ontario, 1985-1990) First elected in 1975 in London Centre, named Liberal Leader in 1982. Now senior partner with Bay Street law firm Cassels, Brock & Blackwell LLP where he recruited privatizer Mike Harris (Tory premier 1995-2002() as an advisor.. Close with Don Smith, founder of building giant EllisDon, Liberal Party president 1985-87 and chief fundraiser for the Liberals. Peterson credits Smith with helping him restore the Liberal Party after 42 Tory years. Peterson has maintained close ties to the Liberals. He advised Dalton McGuinty throughout the latter’s time as premier (2003-2013) He has served on the boards of Rogers Communications and Shoppers Drug Mart (while it was being acquired by Loblaws). Chair of the Pan Am Games organizing committee. Shelley Peterson Wife of David Peterson and sister of Deb Matthews. Deb Matthews (Deputy Premier and President of the Treasury Board) Party activist since 1975 when she helped run David Peterson’s successful campaign in London Centre. In 1987 and 1995 she co-chaired the Liberal Party’s provincial campaign (her co-chair in the 1987 campaign was David McNaughton). President of the Ontario Liberal Party (2003-2006). Elected for London North Centre in 2003 and held cabinet posts in the McGuinty and Wynne governments. As Minister of Health and Long-Term Care (2009-2014) she presided over the Ornge Air Ambulance scandal. As President of the Treasury Board she is mandated to oversee debt reduction, including reducing the cost of public services and managing public sector compensation.
    [Show full text]
  • After 17 Years, out of Patience in Saugus
    FRIDAY, SEPTEMBER 23, 2016 WEEKEND After 17 FALLING years, out INTO PLACE of patience Plenty to do in Lynn, in Saugus Nahant, Peabody, By Bridget Turcotte Saugus, Swampscott ITEM STAFF SAUGUS — The Planning Board is Fall has arrived and this ready to see an end to a project that start- weekend, along with several ed more than 15 years ago. others to follow, is crammed John Mallon, the developer of Bellev- with local activities to partic- ue Heights, said original plans signed ipate in and enjoy. in 1999 included a 28-lot subdivision The Friends of the Swamp- with single family homes. At this time, scott Public Library hosts 21 houses have been built and are oc- Purses for a Purpose tonight cupied. from 7-9:30 p.m. at the library. A retaining wall collapsed in 2008, Billed online as “a lively eve- causing plans to crumble. Three houses ning of shopping for all sorts SEPTEMBER 24, 2016 - were sold and moved to different lots, but of gently-used, high-end hand- NOVEMBER 12th, 2016 the wall remains un nished at the site, bags, clutches and totes,” the with Procopio Construction Company Friends hope the evening will working to repair it. raise $5,000 to support library LYNN MUSEUM Peter Rossetti, chairman of the Plan- children’s room summer pro- 590 Washington St. ning Board, said Mallon will be respon- grams. Tickets are $25. 781-581-6200 sible for installing sidewalks, curbing, The Swampscott Histori- www.lynnmuseum.org a grass strip between the sidewalk cal Commission hosts Town and the street, and repaving the road, Hall tours on Saturday from Exhibit opens Saturday, September 24th.
    [Show full text]
  • The Northern Ontario MPP Experience By
    Representing the Great White North: The Northern Ontario M.P.P. Experience By: Chelsea Peet 2008-2009 Intern Ontario Legislature Internship Programme (OLIP) 1303A Whitney Block, Queen’s Park Toronto, ON M7A 1A1 Word Count: 7, 951 Phone: 416-325-0040 Email: [email protected] www.olip.ontla.on.ca Paper presented at the 2009 Annual Meeting of the Canadian Political Science Association, Ottawa, Ontario, Wednesday, May 27th, 2009. Peet 2 Introduction “My great frustration is that people in southern Ontario don’t have a grasp of the size of the province. I often had difficulties getting other members of my own cabinet to fully appreciate how large the ridings and the province were. I used to carry around a little map I drew in my pocket so I could reference it for them.” – Lyn McLeod, former Liberal Leader, Fort William “There’s a bit of a romanticism of the north so that when northern MPPs try to address the challenges facing the north, like poverty and distances and industry, it can be hard to get people past the romantic notions to get them to realize the issues.” – Monique Smith, Nipissing “Being an MPP from the north, you’re actually “a somebody.” People know you, have met you more than once and have socialized with you. People feel like they have a more personal relationship and connection to their MPP in the north than is the case in southern Ontario.” –David Ramsay, Timiskaming-Cochrane “When I first came, there was a reporter here at Queen’s Park to report specifically on northern issues, a columnist, plus CBC radio reporters too.
    [Show full text]
  • Index by Issue
    Quarterly Journal of Finance & Accounting Index of Issues Index of Issues Updated 3.8.16 Quarterly Journal of Finance & Accounting (formerly the Quarterly Journal of Business and Economics) Quarterly Journal of Finance & Accounting Index of Issues Volume 1 No. 1, Spring 1962 “Symposium on Economic Growth” by Henry C. Wallich, Yale University; A. Stuart Hall, University of Nebraska; Wallace C. Peterson, University of Nebraska “The Emerging Economic Philosophy of the Western World” by Clemens B. Thoman, University of Nebraska “Determining Structural Tax Inequalities Among Business Firms” by E.B. Schmidt, University of Nebraska “Three Dimension of Economics” by Edgar Z. Palmer, University of Nebraska “The Assessment Value of Telephone Properties” by F.O. Woodard, University of Nebraska No. 2, Autumn 1962 “The Roles of Policy Makers and Scientists in Planning Useful Research” by Richard F. Barton, University of Nebraska “The Current Swing Toward Mathematical Economics: A Critical View” by Eugene Rotwein, University of Wisconsin “Confrontations on the Omaha Power Frontier” by W. Stewart Nelson, Doane College “The Inflationary Effects of Tight Money” by James R. Elliott, Northern Illinois University “Investor Overpricing of Growth Stocks, 1960-1961” by Keith L. Broman, University of Nebraska “Agriculture in the National Economy” by Howard W. Ottoson, University of Nebraska Volume 2 No. 1, Spring 1963 “Industry and Agriculture in the European Economic Community” by Walter Hallstein, President of the Commission of the European Economic Community “Current Issues in Foreign Aid” by Walter Krause, State University of Iowa “Economic Policy and the Theory of Economic Growth” by Wallace C. Peterson, University of Nebraska “Note on the Shape of the Investment Demand Schedule” by Robert Haney Scott, University of Washington No.
    [Show full text]
  • San Jose State Football Record Book
    SAN JOSE STATE FOOTBALL RECORD BOOK Offerpad Arizona Bowl edition ALL-AMERICAS loyd Thomas is the first San eroy Zimmerman was a small L L José State University football player college Associated Press first-team to receive first-team All-America All-America back in 1939 – San José honors. The Spartan played as an State University’s first undefeated end on the 1936, 1937 and 1938 and untied season. The Spartans teams that had a combined record were 13-0 outscoring their of 27-7-1. He was an Associated opponents, 324-29. Zimmerman Press Little All-America as a senior was the team’s rushing leader, most in 1938, one of the organization’s proficient passer, led the team with first black All-America football eight interceptions and in scoring, players. Thomas also was a three- and averaged 40.6 yards a punt. He time letterwinner in basketball at was the first San José State player San José State. selected in a NFL draft when the Washington Redskins made him the 58th overall pick in 1940. He would go on to play nine seasons for five NFL teams. Lloyd Thomas, E Leroy Zimmerman, FB 1938 A.P. 1st team 1939 A.P. 1st team Dave Chaney, LB Charles Pauley, Returns Dwight Lowery, CB 1970 U.P.I. 2nd team 2002 collegefootballnews.com 1st team 2006 AFCA 1st team 1971 A.P. 1st team 2002 A.P. 3rd team 2006 FWAA 1st team 1971 NEA 1st team 2006 A.P. 3rd team 2007 AFCA 1st team Dave Chaney was a two-time All- C harles Pauley was the NCAA Division Dwight Lowery is San José State America linebacker.
    [Show full text]