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.

Energy price rises due to tax increases, tariffs and price distorting power of oil cartel not a measure of true inflation

A number of Canadian analysts have responded to the news that Canadian “inflation” has risen to 2.5 % a level above the Bank of Canada’s target rate of 2 % as a justification for arguing that the central bank ought … Continue reading

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Bank of Canada Raises interest rates again : No sign of inflation and danger of trade war slowing growth Underestimated in its Decision

Once again the central bank operating as it does with a Friedman based Nairu perspective with respect to inflation has mistakenly raised the overnight lending rate. This is an inappropriate response to the emerging trade war and likely recession promoting … Continue reading

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Ontario election once again reveals deep flaws in our electoral systems

Just look at the results published at Elections Ontario. The Progressive Conservatives received 40.49 % of the vote. But they won a large majority of the seats 76 out of 124 or 61 % of the seats. The second place … Continue reading

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Second posting CEA paper Post crash macroeconomics:the eclipse of rational expectations monetarism and the need for a new synthesis

Chorney, Harold (Concordia University Montreal Harold.chorney@concordia.ca) Title Post-crash macroeconomics: The eclipse of rational expectations monetarism and the need for a new synthesis. Abstract Most of the classical and Neo-classical macroeconomics edifice imploded with the crash of 2007–2009. Instead of market … Continue reading

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Post crash macroeconomics:the eclipse of rational expectations monetarism and the need for a new synthesis (under construction) paper presented to the Canadian Economic Association annual meetings June 1 2018 McGill university Montreal

Chorney, Harold (Concordia University Montreal) Title Post-crash macroeconomics: The eclipse of rational expectations monetarism and the need for a new synthesis. Abstract Most of the classical and Neo-classical macroeconomics edifice imploded with the crash of 2007–2009. Instead of market clearing … Continue reading

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Goodbye to NAIRU? Hello Once Again to Keynes

Paul Krugman has a very interesting piece in the New York Times today. It builds on the very good recent  work of Olivier Blanchard on the natural rate and the possibility of hysteresis brought about by prolonged unemployment in the … Continue reading

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Poli 489 AB spring 2018 course outline

Poli 489 AB Spring summer term,Tuesday and Thursday 1:15-4:00 p.m. Prof. Harold Chorney. Office hours:Tuesday and Thursday 4:30-5:45 pm   This course is a seminar course organized around the debate  that has been taking place over the apparent dramatic rise in … Continue reading

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