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Richard G. Lipsey

Richard G. Lipsey

Professor Emeritus

Simon Fraser University

Dr. Richard G. Lipsey is a policy advisor to ITIF's Canada Centre for Innovation and Competitiveness. He is currently Professor Emeritus of Economics at Simon Fraser University. He is an officer of the Order of Canada, a fellow of the Royal Society of Canada and the Econometric Society, and a past president of the Canadian Economic Society and the Atlantic Economic Society. He also holds honorary doctorates from the University of McMaster, the University of Victoria, Carleton University, Queen's University, the University of Toronto, Guelph University, the University of Western Ontario, the University of British Columbia, Essex University (England) and Simon Fraser University. In 2006, he was awarded the SSHRC gold medal for outstanding life-time professional achievement.

Dr. Lipsey received his B.A. from U.B.C. in 1951, M.A. from Toronto in 1953 and PhD from London School of Economics in 1957. He has held a chair in Economics at the London School of Economics and was Chairman of the Department of Economics and Dean of the Faculty of Social Science at the newly founded University of Essex, in England. He has also held visiting appointments in England at the Universities of Manchester and City University in the U.S. at the Universities of California (Berkeley), Colorado, and Yale (where he was Irving Fisher visiting professor in 1979-80) and in Canada at the Universities of British Columbia and Victoria. From 1970 to 1986, he was Sir Edward Peacock Professor of Economics, Queen's University, Kingston, Ontario. From 1983 to 1988, he was senior economic advisor for the C.D. Howe Institute where he edited the Institute's Inflation and Trade Monitors. During that time, he co-authored monographs on Canada's Trade Options (with Murray Smith) and on the Canada-U.S. Free Trade Agreement (with Robert York) as well as writing over a dozen articles and pamphlets on various aspects of the free-trade debate. He was a fellow of the Canadian Institute for Advanced Research and the Founding Director of their large-scale, international research project on Economic Growth and Policy from 1989-1994, then a member until 2002. This work led to the publication of a major book on the causes and effects of large technological shocks entitled, Economic Transformations: General Purpose Technologies and Long Term Economic Growth (Richard G. Lipsey, Kenneth I,. Carlaw and Clifford T. Bekar, Oxford University Press, 2005. The book was the co-winner of the 2006 Schumpeter prize for the best writing on evolutionary economics over the previous two years.

Dr. Lipsey has authored several textbooks that are used worldwide and have been translated into nearly 20 foreign languages. He has published nearly 200 articles in learned journals and books on various aspects of theoretical and applied economics. He is also a frequent commentator on economic policy issues in Canada and in 1982 received, along with D. Purvis, the National Business Writing Award "for distinguished financial writing by Canadians who are not primarily journalists".

He has served as an independent policy advisor to many national organizations in both the U.K. and Canada. In 1976, he wrote the economic brief that the Canadian Labour Congress presented to the Supreme Court of Canada as part of their appeal against setting up the Anti-Inflation Board (A.I.B.). This was the first time in history that a supreme court operating in the parliamentary system accepted and responded to expert evidence.

His monographs on economic policy include, Common Ground for the Canadian Common Market (with Frank Flatters); Taking the Initiative: Canada's Trade Options in a Turbulent World (with M. Smith); Global Imbalances and U.S. Policy Responses (with M.Smith); Evaluating the Free Trade Deal: A Guided Tour through Canada-U.S. Agreement (with Robert York); The NAFTA: What's In, What's Out, What's Next (with Daniel Schwanen and Ronald J. Wonnacott); and Structural Assessment of Technology Policies: Taking Schumpeter Seriously on Policy (with Ken Carlaw). Three volumes of his selected works have been published by Edward Elgar Publishers in the U.K. under the titles Microeconomics, Growth and Political Economy; Macroeconomic Theory and Policy; and On the Foundation’s of Monopolistic Competition and Economic Geography, the last co-authored with Curtis Eaton.

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