Monthly Archives: June 2011

Greek Parliament approves austerity demands; Protests continue as economy will shrink further.

Posted on June 29, 2011 by haroldchorneyeconomist

Tragically for the Greek people the Greek Parliament by a narrow  majority vote -155 to 138- has approved the austerity package demanded of Greece by the IMF and the leadership of the European union in exchange for an additional injection … Continue reading →

Posted in Uncategorized | 1 Comment

Greek crisis illustrates futility of IMF austerity approach

Posted on June 16, 2011 by haroldchorneyeconomist

Greece is once again at the centre of an effort of the IMF and the European central bank to rescue its economy from the grip of a likely debt default and flight of capital. Unemployment, economic turmoil and political unrest … Continue reading →

Posted in Uncategorized | Leave a comment

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on June 3, 2011 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | 4 Comments

John Maynard Keynes and the General Theory after 75 years;preface to a presentation to the Canadian Economics Association special panel on reconsidering Keynes in a time of crisis

Posted on June 3, 2011 by haroldchorneyeconomist

In memory of Gilles Dostaler   A paper presented to the annual meeting of the Canadian Economics Association, Université d’Ottawa, June 4, 2011. to be read in conjunction with After the Crash: Rediscovering Keynes and the Origins of quantitative easing. … Continue reading →

Posted in Uncategorized | Leave a comment