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.

Opposition defeats Canadian Conservative minority Government election next

Posted on March 25, 2011 by haroldchorneyeconomist

The combined opposition parties led by the Liberal party under the leadership of Michael Ignatieff, the New Democrats led by Jack Layton and the Bloc Québecois led by Gilles Duceppe have passed a non confidence vote 156 to 145 on … Continue reading →

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Canadian federal opposition parties reject Conservative Government budget election all but inevitable

Posted on March 24, 2011 by haroldchorneyeconomist

The New Democrats joined the opposition Liberal and Bloc Québecois parties in rejecting the recently tabled budget of Stephen Harper’s Conservatives thereby making another federal election almost a certainty. The budget itself was a rather careful centrist leaning budget considering … Continue reading →

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British headline inflation rises but there is more to the data than meets the eye

Posted on March 22, 2011 by haroldchorneyeconomist

The Office of National Statistics has released the latest inflation data for the month of February in the U.K. the headline rate of CPI inflation has risen to 4.4 % and a number of papers are congratulating the Chancellor George … Continue reading →

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Inflation, money supply, exchange rates and Japan

Posted on March 21, 2011 by haroldchorneyeconomist

Gavin Davies has a very interesting post in his blog on the FT wherein he references a 1999 paper by Ben Bernanke(Japanese Monetary Policy:A Case of Self-Induced Paralysis http://www.pile.com/publications/chapters_previews/319/7iie289X.pdf) for the Peterson Institute for International Economics on the deflationary plight … Continue reading →

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Good news on no fly zone reactor problems persist in Japan

Posted on March 18, 2011 by haroldchorneyeconomist

Finally and hopefully not too late to accomplish the task the Security Council voted with 5 abstentions and no votes opposed to impose a no fly zone in Libya to protect innocent civilians from attack by the Gaddafi regime’s airpower. … Continue reading →

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Oil production, exports and imports :Some essential data

Posted on March 16, 2011 by haroldchorneyeconomist

Current events in the Middle East including the dramatic and tragic events in Libya have caused a spike in global petroleum prices with serious implications for the economic recovery now underway. Oil is often the key to understanding the history … Continue reading →

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After the Crash, Rediscovering Keynes and the Origins of quantitative Easing

Posted on March 16, 2011 by haroldchorneyeconomist

Paper to be presented to the Mid West Political Science Association, Chicago, March, 2011 draft provisonal version By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about … Continue reading →

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A painting of mine from my collection

Posted on March 14, 2011 by haroldchorneyeconomist

I call this painting ” Emily with roses”. I exhibited it along with several others more than a year ago at a local show in the west island of Montreal. My mother Ethel Chorney was an accomplished China porcelain painter … Continue reading →

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Bank of Japan injects liquidity to reduce risk aversion

Posted on March 14, 2011 by haroldchorneyeconomist

The Bank of Japan has already begun to support the Japanese recovery and help overcome the anxiety and risk aversion that is bound to result from the terrible events of the past few days. they announced that they were buying … Continue reading →

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Global turmoil from Japan to North Africa

Posted on March 13, 2011 by haroldchorneyeconomist

The video and pictures from Japan continue to reveal the awesome and tragic devastation that resulted from the earthquake and following tsunami. Unfortunately, the death toll will likely rise to over 10,000 and the economic cost far exceed $ 35 … Continue reading →

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