I’m Back

Well its nice to be back on line after the hacker attack my e mail and blog suffered from last week. My blogspot site was attacked and although one can still visit it and view its contents I decided for security to move to this new improved site and over time reconnect with my readers and fellow analysts and bloggers . Ever since the first piczo blog which I began in 2005 I have had almost 50,000 hits on the two blogs combined.(As of May 2012 the visit count has risen to 65,000. As of Feb 5, 2013 the hit count has risen to more than 77,000.)They come from over 122 countries world wide so I would like to continue our conversation about the state of the global economy, the importance of understanding how to fix it, the economic wisdom of John Maynard Keynes and his circle of Keynesians and post Keynesian economists and the best policy ideas for repairing the damage from the great crash of 2008. These include fiscal stimulus, quantitative easing to keep rates of interest low and correctly analysing the risks that might be involved in a strategy focused on growth and lower unemployment as opposed to obsessing over inflation.So there is a significant interest in these ideas and I want to continue to make a contribution to the debate and discussion.

Hackers have a destructive intention as opposed to a constructive one. The world is need of constructive and community building discourse not destructive impulses.

But before I  get started I need to express my profound sympathy, condolences and concern for the people of Japan who have suffered such a terrible blow from the earthquake and tsunami. Our hearts go out to the people of Japan in these very terrible days. The scenes from Japan are awful ones and we wish them rapid success in rescuing as many people as they can and restoring hope,well being and daily life as soon as they can. Japan is an ancient society that is resilient, brave and creative. They will rebuild but never forget the loss of their loved ones nor the terrible awesome forces of nature.

Note: My papers, After the crash:Rediscovering Keynes and the Origins of Quantitative Easing (presented to the Eastern Economics Association meeting in New York, February27, 2011) and 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( Ottawa,June 6, 2011) are both posted on this blog in the June, 2011 postings.


About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.
This entry was posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, Federal Reserve, fiscal policy, full employment, Greek sovereign debt crisis, Hayek, J.M.Keynes, Keynesian welfare state, labour market clearing, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized, unemployment and tagged , , . Bookmark the permalink.

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