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Distributed for University of British Columbia Press

In the Long Run We’re All Dead

The Canadian Turn to Fiscal Restraint

In The Long Run We’re All Dead: The Canadian Turn to Fiscal Restraint offers the first comprehensive scholarly account of this vital public policy issue. Lewis deftly analyzes the history of deficit finance from before Confederation through Canada’s postwar Keynesianism to the retrenchment of the Mulroney and Chrétien years. In doing so, he illuminates how the political conditions for Ottawa’s deficit elimination in the 1990s materialized after over 20 consecutive years in the red, and how the decline of Canadian Keynesianism has made way for the emergence of politics organized around balanced budgets.

288 pages

Table of Contents


1 Fiscal Politics

2 Deficit Finance in Historical Perspective

3 The Political Economy of Economic Decline

4 Persisting Keynesian Conceptualizations of Deficit Finance, 1975-84

5 Restructuring Power Relations

6 The Priority of Structural Reform, 1984-93

7 Economic Insecurity and the Political Conditions for Deficit Elimination

8 Only Nixon Can Go to China, 1993-8

9 Maynard Where Art Thou?





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