Author Archives: haroldchorneyeconomist

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.

Fed and Bank of England raise rates Bank of England warns of recession

Well so much for raising rates to kill inflation without causing a recession.The stock market on Wall street clearly disagreed and today saw a broad sell off of stocks leading to a drop in the S and P 500 of … Continue reading

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Federal Government Budget cautious document :unemployment projected to be 5.8% then fall to 5.5 % in 2022-23

The Federal government is betting that its modest deficit and strong oil prices will enable the unemployment rate to stabilize at 5.5 % despite the Bank of Canada‘s mistaken decision to embrace a series of interest rate rises as a … Continue reading

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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

A lot has happened since I last was able to post on the site. The pandemic, the horrible war in Ukraine, the re-emergence of inflation , the reduction in the rate of unemployment, the agreement between the Liberals and the … Continue reading

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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).

This course focuses on the rise of the metropolis and its links to economic and technical change that underlay the beginnings of nineteenth and twentieth century industrial capitalism. The city has always played a central role in both conservative and radical … Continue reading

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Poli 204 Course outline Prof.Chorney latest version

Fall 2021 Poli 204 2 CC/ 2021 Concordia universityIntroduction to Canadian PoliticsProfessor Harold Chorney Course outline including essay topics list Tuesday 17:45-20:15  Office hours t.b.a. The study of Canadian politics is a complex field which draws upon a number of traditions … Continue reading

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Low interest rates and weaker job numbers than expected mean risk of inflation minimal

The latest data on unemployment and inflation and central bank determined interest rates strongly suggest there is still further room for stimulus and continued monetization of debt by the central bank in both Canada and the U.S as both economies … Continue reading

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The Economics of inflation, Globe and Mail hysteria and the role of stimulus

The conservative Globe and Mail has amped up its anti Keynes campaign . It has in the past few weeks run several opinion pieces and articles in which it warns about excessive debt, the danger of inflation and the policy … Continue reading

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Federal government budget in Canada reinforces the eclipse of deficit dogma and anti Keynesian thinking on appropriate policy

The Canadian minister of Finance Chrystia Freeland has tabled a moderately but seriously Keynesian and progressive budget that takes seriously the negative impact of the Pandemic and the necessity of lowering the unemployment rate from 8 % to 6 %.and … Continue reading

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The emerging new consensus on stimulus and debt management

About this time last year I posted on how the pandemic would change the opinion of policy makers and politicians with respect to deficits and debt , the role of the state and macroeconomic policy in the months to come.(Co … Continue reading

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Some thoughts on financing health care and producing vaccines here at home.

There have been some interesting positive developments on the vaccine supply front and some initiatives to further stimulate late summer or early fall domestic production of vaccines against covid 19 here in Montreal and elsewhere in Canada. These are very … Continue reading

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