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.

NDP Chooses its New Leader:Thomas Mulcair 33 881 votes

Posted on March 25, 2012 by haroldchorneyeconomist

The Canadian social democratic movement has had 10 leaders in its history ever since the CCF was founded in 1932 in its founding convention in Calgary. All of them including Hazen Argue who switched to the Liberals after the CCF … Continue reading →

Posted in Canada, NDP Canadian politics, Uncategorized | 2 Comments

NDP Third Ballot Results:Mulcair 43.8 % Topp 31.6 % Cullen 24.6 %

Posted on March 24, 2012 by haroldchorneyeconomist

Nathan Cullen has run an excellent campaign but fallen just short on the third ballot and so now drops off the ballot with the Convention having a clear choice between two somewhat different visions of the role of the NDP … Continue reading →

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NDP convention electronic voting fiasco

Posted on March 24, 2012 by haroldchorneyeconomist

For some very bizarre reason , apparently a cheaper price associated with the bid, the NDP chose an off shore Spanish computer firm to host the voting system for the convention. Unfortunately for the New Democrats this bad decision has … Continue reading →

Posted in NDP Canadian politics, Uncategorized | Leave a comment

Second NDP Ballot: Mulcair 38.3% Topp 25 % Cullen 19.9 % Nash 16.8%

Posted on March 24, 2012 by haroldchorneyeconomist

The second ballot results seem to suggest that Thomas Mulcair is less likely to win the leadership but it is unclear who is more likely to defeat him Topp or Cullen. It will depend presuming that no one drops out … Continue reading →

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NDP Leadership Ballot :Nathan Cullen in third place after first ballot a welcome development for possible NDP Liberal co-operation.

Posted on March 24, 2012 by haroldchorneyeconomist

The first ballot results in the Canadian federal NDP leadership race have been announced. Because of the NDP’ s position as official opposition this leadership contest in Canada’s social democratic party is of critical importance in Canadian politics. The first … Continue reading →

Posted in Canada, deficit hysteria, NDP Canadian politics, Uncategorized | Leave a comment

Second Greek bailout and debt restructuring almost completed. Will it work?

Posted on March 15, 2012 by haroldchorneyeconomist

All of the member countries in the euro zone have now approved the terms of the second Greek bailout. As well, the 206 billion euro debt restructuring has also been accepted, albeit reluctantly by the majority of Greek sovereign debt … Continue reading →

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Employment improves in U.S. rate remains at 8.3%; Canadian headline rate falls but employment slows

Posted on March 10, 2012 by haroldchorneyeconomist

Canadian employment fell by 2800 in February. This has now happened in three of the last five months, suggesting that a definite slowing down in the economy is emerging . Not a good sign for the unemployed and a clear … Continue reading →

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Greek debt a better alternative is possible:ECB needs to buy 100 billion Euros of Greek sovereign debt +temporarily expand M2 by 1.15 %

Posted on February 17, 2012 by haroldchorneyeconomist

The situation in Greece continues to fester as wrangling continues as to the precise terms and the degree of severe austerity demanded by the EU troika that has been negotiating the bailout. Although precise data is difficult to obtain it … Continue reading →

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Greek politicians reach deal on further austerity in exchange for latest bailout unemployment over 20 %

Posted on February 9, 2012 by haroldchorneyeconomist

Despite the Greek economy suffering over 20 % unemployment and 48% youth unemployment ,the European union negotiators have persuaded the Greek political leaders in the coalition government led by technocrats to accept further rollbacks including cuts in government spending amounting … Continue reading →

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U.S. unemployment falls to 8.3 % Canadian unemployment rises to 7.6 %.

Posted on February 3, 2012 by haroldchorneyeconomist

There was some welcome news on the U.S. unemployment front this morning as the U.S.Bureau of Labour Statistics released the latest unemployment data for the previous month. Unemployment fell from 8.5 % to 8.3 % . Since January of 2011 … Continue reading →

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