Fred Lazar is Associate Professor of Economics at the Schulich School of Business, York University (Toronto). His primary research interests include strategy, governance, incentives and compensation, and First Nations economic development. He regularly advises governments and companies around the world.
June 8th 2012
There are allegations that SNC-Lavalin won some contracts in foreign countries through bribes. Bombardier appears to be subject to similar allegations. Ongoing investigations at both companies will determine whether either allegation has merit, and if so, whether either company has broken Canadian laws. Is it possible that other...
The Dutch disease and Canada
June 6th 2012
Thomas Mulcair, the new leader of the NDP in Canada, has taken a lot of flak recently for suggesting that Canada is suffering from the “Dutch” disease. In its simplest form, Mulcair argued that increasing oil sands production in Alberta has contributed to propelling the value of the Canadian dollar upwards relative to...
Am I the only one who sees the folly of new pipelines?
June 5th 2012
We have this myth in the oil industry that the players are all long-term investors. That is, they all look forward 20 years or more when deciding their investment plans. Really? I suspect that the typical planning horizon in this industry is somewhat longer than that of a day trader, but not that much longer. When oil prices rise,...
The arrogance and absurdity of economists
June 3rd 2012
In order to better understand the policy fiasco in the European Union that drags out and exacerbates the recession, one needs to look no further than the writings of John Taylor, a renowned Economics Professor at Stanford. His article in Saturday’s Financial Post, an article adapted from his Hayek Prize Lecture, highlights...
Solomon, oil and Saudi Arabia
April 1st 2012
Larry Solomon wrote an interesting commentary in Saturday’s Financial Post. He argued that the “world is awash in oil.” He claimed “some 40 countries in every continent in the world have 4.8 trillion barrels of shale oil, making oil a ubiquitous commodity that gives every region of the world the wherewithal...