Author Archives: haroldchorneyeconomist

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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.

Unemployment rate down to 6.6% in U.S. & 7.0% in Canada

The latest news on unemployment is moderately positive. The headline rates are down. But the number of new employees in the U.S. was smaller than expected. Here courtesy of the U.S. Bureau of Labour statistics is the monthly evidence of … Continue reading

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Once again panic artists among hedge funds and day traders oversell the markets

There is hardly ever a dull day on the worlds equity and bond markets. Late last week amid some some gloomy reports on developing country markets and less bullish news about China’s growth rate traders and hedge funds rushed to … Continue reading

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How long will inflation stay low ? Have we entered a new age of low inflation , slower growth and sluggish employment ?

The question on many people’s minds in the financial and futures markets is all about judging the future inflation rate. Inflation has not been a problem for most of the past decade and certainly not a problem since the crash … Continue reading

Posted in business cycles, Canada, European unemployment, fiscal policy, J.M.Keynes, Milton Friedman and NAIRU, monetary policy, U.S., Uncategorized, unemployment | Tagged , , , | 2 Comments

Unemployment Rises in Canada, falls in U.S. but weak numbers in both countries suggest possible slow down

Statistics Canada and the U.S. bureau of labour statistics published their December unemployment numbers and there are signs of potential trouble in both sets of numbers. The unemployment rate rose in Canada to 7.2% and fell in the U.S. to … Continue reading

Posted in austerity, Canada, Federal Reserve, fiscal policy, full employment, government shut down+debt ceiling U.S., monetary policy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

Poli 349:Political and social theory and the city Course outline fall 2021. policy 349 AA (9930)Thursday 5:45-8:15 Prof.Harold Chorney

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 212 Politics and Economy winter 2014 course outline

This course is a survey course which introduces students to the study of political economy a discipline which draws on the sub field in political science but also on the history of economic thought, policy analysis, economic history, neoclassical economics … Continue reading

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Demographic slowdown in U.S. may be one of the causes of the deep recession and slow recovery

First of all a healthy and happy New Year to everyone. With any luck and some good policies this year should be more prosperous for more people than 2013.  We are beginning the sixth year since the crash and financial … Continue reading

Posted in business cycles, Canada, fiscal policy, Keynesian multiplier, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

Austerity and destruction of trade unions in Europe seeks to restore the anti Keynesian economic policies of the 1930s

The unemployment rate dropped slightly in the U.S. which is of course a good thing. Check out the U.S. Bureau of Labour statistics for the latest numbers. However, there are still some very bad things happening in Europe around economic … Continue reading

Posted in austerity, classical economics, deficits and debt, European debt crisis, European unemployment, full employment, J.M.Keynes, treasury view, Uncategorized, unemployment | Tagged , , | Leave a comment

The Federal byelections: Liberals may win 3 of the 4 in close races.

The counting is not complete but so far the Conservatives have won only Provencher, essentially a safe Tory seat but in the three other ridings they look like they will be soundly defeated in Bourassa and Toronto Centre where the … Continue reading

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The Assassination of John Fitzgerald Kennedy fifty years later

This week on Friday November 22 is the fiftieth anniversary of the murder of John F.Kennedy in Dallas ,Texas. Its hard to believe that fifty years have passed.I was seventeen at the time, a first year university student at the … Continue reading

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