Author Archives: haroldchorneyeconomist

Unknown's avatar

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.

Poli 489, 2016 the political economy of Inequality :course outline

Poli 489 Course outline (under construction) Professor Harold Chorney Wed. H634 1:15-4:00 The real estate bubble and the crash of 2007 -09 uncovered serious strains in the economic and social fabric of global capitalism. The recovery from what turned out … Continue reading

Posted in Uncategorized | Leave a comment

Spain elects a new Congress:Mariano Rajoy’s Partido Popular loses a third of its seats , elects 123; Podemos 69 and Ciudadanos 40 members; Socialists 90 members.

With 99% of the votes counted in the Spanish election the results show a divided Congress with a much weakened centre right party having lost about a third of its seats. Mariano Rajoy the incumbent Prime Minister will have to … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Fed rate rise being signalled but data indicates no need to do so

For many economists in the financial sector expectations are high that the US Federal Reserve has done the right thing in raising interest rates today by 25 basis points. This will be the first rise since the days in 2009 … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

National Front shut out in second round of French regional elections:Union of right wins seven regions, the left win 5 regions strategic voting works effectively to block the FN according to exit polls.

According to the latest exit polls in the second round regional elections in France the National Front has been defeated in all 13 regions of France. The centre right Republicains have captured seven regions while the governing socialist party captured … Continue reading

Posted in Uncategorized | Leave a comment

Marine Le Pen and National Front win first round of French regional elections:FN scores 28.2 % of vote ,Sarkozy’s Républicain coalition 27 % Hollande’s Parti socialiste 23.6%

The first round of the French regional elections revealed a very strong showing for the right wing anti immigrant Front National led by Marine Le Pen. Her party is ahead in six regions and scored over 28 % of the … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Further notes on Keynes, monetary policy and Debt Management.

Monetizing part of the debt which I began writing about in 1983 as a strategy to make Keynesian stimulus more effective is as I have often pointed out something which Keynes himself advocated as early as 1933. In a letter … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

Horrendous Act of Terror in Paris: Policy Review May Be Needed

We mourn for the people who have been murdered.Our heartfelt condolences to all of the families and friends of the victims and to the Government of France and the French people who have been affected by these evil deeds. Paris … Continue reading

Posted in Uncategorized | Leave a comment

So Far So Good:New Liberal Canadian Government Stands Behind Its Stimulus Infrastructure Plan

It was good to see Minister of Immigration John McCallum who is an economist and the Minister of Finance Bill Morneau defend the Keynesian Liberal plan to use much needed new  investment infrastructure to promote economic growth, employment and innovation … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

New Cabinet a Good mixture of Talent, Regional Roots and Values and Beliefs:Keystone XL rejection,TPP details obliges government to come up with a policy rethink particularly if economy should slow down in coming months

The gradually emerging details of the T.P.P. trade deal and the decision of President Obama to reject the proposed Keystone XL pipeline presents the new Liberal government with both a challenge and an opportunity to rethink its policy agenda. This … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Elections Canada reports final election results

With 99.8 % of the polls counted the results are as follows: Liberals 184 seats 6,930,136 votes 54% of seats and 39.4% of the votes Conservatives 99 seats 5,600,496 votes 29.3% seats and 31.9% of votes New Democratic Party 44 … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment