By Mel Watkins, John Webster Grant
Modern methodologies contain the "cliometric" variety of old research, econometrics, labour and local learn, and the altering parameters of presidency spending and public finance. The juxtaposition of vintage theoretical statements with works by way of "outsiders" corresponding to G.S. Kealey, B.D. Palmer, R.T. Naylor, R.E Ommer, between others, makes this an outstanding but cutting edge checklist of the growth in economics over the past 40 years. Canadian fiscal historical past is still an important school room textual content.
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Additional info for Canadian Economic History: Classic and Contemporary Approaches
There would appear to be declining confidence in the relevance of the staple approach, especially if consideration is given to what has been said as well as what has been written. But, curiously, the decline has been paralleled by rising interest among non-Canadians who may or may not refer to Innis and Canada. C. E. H. E. 15 Mention must also be made of the analytical approach used by J. V. S. Perloff and L. 18 The simultaneous waning of the reputation of the staple approach among Canadians and its rise elsewhere has created a gap in the literature which this paper will attempt to bridge.
Buckley makes this point strongly; see his "The Role of Staple Industries in Canada's Economic Development," Journal of Economic History (1958) 18:442.  For its use in communications study—where, following the later Innis, the media become the resource or staple—see M.
In any event, the initial opportunities for easy growth will no longer exist. If the pitfalls are avoided—if the staple or staples generate strong linkage effects which are adequately exploited—then eventually the economy will grow and diversify to the point where the appellation "staple economy" will no longer suffice. Population growth will come to result more from natural increase than from immigration. Per capita income will rise beyond the level consistent with any customary definition of underdevelopment.
Canadian Economic History: Classic and Contemporary Approaches by Mel Watkins, John Webster Grant