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Recent Posts
- Fed and Bank of England raise rates Bank of England warns of recession
- Federal Government Budget cautious document :unemployment projected to be 5.8% then fall to 5.5 % in 2022-23
- Hello after much faffing about with the help of my computer savvy son I am glad to say that my wordpress site is once again accessible
- Poli 349 AA (9930): Political and Social Theory and the City. Course outline fall 2021. Thursday 5:45-8:15 Prof. Harold Chorney (Latest Version).
- Poli 204 Course outline Prof.Chorney latest version
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harold chorney on Larry Summers is correct about… Harold Chorney on Larry Summers is correct about… Spencer Hall on The Demand for Money and the i… Alex Benady on Dominic Raab eliminated in rou… haroldchorneyeconomi… on The Federal Reserve‘s obsessio… Archives
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Monthly Archives: August 2020
Protectionism and the rise of Donald Trump; Erin O‘Toole wins Tory leadership with the support of social conservatives, Quebec nationalists and Alberta energy sector
One of the books on my shelves of economics literature in my hallway is Protectionism by Jagdish Bhagwati who has taught at Colombia University for many years. It was published in 1989 by MIT press but most of it is … Continue reading
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The Demand for Money and the issue of liquidity preference
The demand for money and the issue of excessive liquidity preference. Keynes developed his notion of liquidity preference as outlined in the GT (1936) building on ideas he may have developed in part through his earlier supervision of Fredrick Lavington … Continue reading
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Keynes on Marx versus his own approach
Keynes wrote very little on Marx although at one point he dismisses the labour theory of value as ‘‘out of date controverialising‘‘ and at another refers to Marx as a lesser figure than Sylvio Gessell, the German revolutionary Minister of … Continue reading
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Keynes A monetary theory of production
One of the major mistakes of some Keynesian interpreters and followers has been to underestimate the extent to which Keynes believed that monetary policy along side fiscal policy was and remains important. It is a necessary but not sufficient mechanism … Continue reading
Deficit hysteria continues at the Globe and Mail
I don‘t like to dwell on this topic since I would have thought that after the massive deficits. following the last financial crisis, the amount of quantitative easing which is what I called greater monetization of the debt by the … Continue reading
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