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.

Deficit and debt worries exaggerated by parliamentary budget officer

Once again we can see private sector and some public sector economists over estimating or historically exaggerating the risk factor in the large debts growing out of the covid-19 crisis. The Government very wisely and the Bank of Canada with … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Poli 204 course outline fall 2020

Poli 204 2 BB/ 2020 Concordia universityIntroduction to Canadian PoliticsProfessor Harold Chorney Course outline including essay topics list (under construction please ignore the numbers along the left margin they are a computer glitch of formatting clash between word and word press) … Continue reading

Posted in Uncategorized | Leave a comment

Poli 610 course outline fall 2020

Macro economic policy after Keynes and covid Professor Harold Chorney Harold.chorney@concordia.ca Concordia university, Montreal This course introduces students to the relevance and work of John Maynard Keynes to the solution of macroeconomic policy problems in the age of covid. Covid … Continue reading

Posted in Uncategorized | Leave a comment

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

Posted in Uncategorized | Leave a comment

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

Posted in Uncategorized | 1 Comment

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

Posted in Uncategorized | Leave a comment

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

Posted in fiscal policy, J.M.Keynes, Keynesian policy, monetary policy and Keynes, public infrastructure investment, quantitative easing and Keynes, quantity theory of money, Uncategorized | Leave a comment

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

Posted in Uncategorized | Leave a comment

Conservatives respond to Federal government‘s act to supplement and improve further Covid 19 support measures

The Conservative party in the Canadian  House of Commons debate on Bill C 20 has raised some constructive suggestions about how to fine tune the wage subsidy and income support measures in Bill C20. But unfortunately some of their speakers … Continue reading

Posted in Uncategorized | Leave a comment

Trudeau government‘s fiscal snapshot update

The Finance Minister Bill Morneau has once again revealed the Government‘s commitment to sensible progressive economic policy from which there is additional room to continue to provide income support for both business and working people who have lost their jobs.The … Continue reading

Posted in Uncategorized | Leave a comment