Wear a tie featuring the image of French economist, politician, and liberal thinker Frédéric Bastiat (1801-1850).
Mathieu Bédard holds a PhD in economics from Aix-Marseille University, and a master’s degree in economic analysis of institutions from Paul Cézanne University. From 2013 to 2015, he was a Lecturer at the Toulouse School of Economics. His dissertation is entitled “Economic Analysis of Bank Failures: An Essay on the Informational Properties of Bank Runs.” His scholarly articles have been published in the Journal of Business Ethics, the International Journal of Business, and the Journal des économistes et des études humaines. Mathieu Bédard was an Economist at the MEI from June 2015 to May 2019.
Viewpoint explaining how Health Canada’s reform of the pricing mechanism for new drugs could delay their introduction
The Canadian government is planning to change the way prices are set for new patented drugs and cut the maximum prices at which these drugs can be sold by up to 70%. But this reform could prove very costly for patients. If it goes forward and fails to take into account the adverse effects of reference pricing systems, which have been well documented by various international bodies, Canadians could see their access to new drugs slowed down or even compromised.
Economic Note showing that a detailed examination of Canada’s costly and complicated tax system is needed
Taxpayers always meet the months of March and April with some apprehension, as they will have to devote precious hours of their time to completing their income tax returns, or pay someone else to do it for them. Is it possible to make life easier for taxpayers by simplifying the tax system?
Viewpoint showing how labour laws, interprovincial trade barriers, and the tax burden affect jobs and wages
We are constantly told that there is a shortage of labour in Canada. In 2018, the economy added 163,000 full-time jobs, and the unemployment rate fell to 5.6%, a historic low that can be qualified as full employment. The participation rate for people of prime working age, 25 to 54 years, is 87%. The winds are shifting on the labour market. Employers used to have the upper hand; now, it’s workers who have it.
Economic Note providing a roadmap for eliminating the excessive regulation that stifles entrepreneurship and drags down the economy in Canada
In its last Fall Economic Statement, the federal government included a chapter on regulation. It intends to review and remove outdated or duplicative regulatory requirements, keep an eye on our regulatory burden’s effect on our competitiveness, and innovate when it comes to rule-making. While this is a welcome admission that the Canadian regulatory burden is weighing down our competitiveness, with the United States as an easy alternative destination for investment, it still leaves open the question of how exactly to proceed with effectively reducing the regulatory burden.
Viewpoint examining the numerous reasons to question the effectiveness of a soda tax
Earlier this year, the Quebec government formed a committee whose stated goal was to propose a soda tax, for the purpose of reducing the prevalence of obesity. Yet there are numerous reasons to question the effectiveness of this measure. Indeed, when a tax modifies the price of a good, there is no guarantee that the replacement product will be better for one’s health than the taxed product.
Economic Note showing the need for and the benefits of a tax cut for Canadian businesses and workers
As the fall economic update approaches, the rumour is that Ottawa favours targeted measures to promote investment, rather than reducing the corporate income tax rate. This would be a mistake. The competitiveness of Canadian companies has been hurt by US tax cuts, and also by deregulation efforts south of the border. The federal government should use its update to lower corporate income taxes and restore the Canadian advantage; not acting would entail substantial costs not just for businesses, but for workers as well.