Category Archives: classical economics

Multipliers, stimulus and jobs

Posted on September 30, 2011 by haroldchorneyeconomist

One of the components of a Keynesian strategy is the concept of the investment multiplier first introduced by R.F. Kahn in 1931( there were also several other economists in this era who developed a comparable concept around the same time … Continue reading →

Posted in austerity, business cycles, classical economics, fiscal policy, full employment, J.M.Keynes, Keynesian multiplier, labour market clearing, U.S., Uncategorized, unemployment | Leave a comment

In search of the Non Walrasian Labour Market Model in the Age of Globalization

Posted on September 20, 2011 by haroldchorneyeconomist

In Search of the non Walrasian labour market model in the era of Globalization by Harold R.Chorney, Professor, graduate program in public policy and public administration; Concordia university, Montreal, Quebec                      … Continue reading →

Posted in business cycles, Canada, classical economics, fiscal policy, full employment, J.M.Keynes, labour market clearing, Milton Friedman and NAIRU, monetary policy, natural rate of inflation, U.S., Uncategorized, unemployment | Leave a comment

The Theory of the Business Cycle in Hayek, Keynes and Schumpeter

Posted on September 13, 2011 by haroldchorneyeconomist

The paper below is a preliminary version of a chapter in my forthcoming book. I first presented this at a conference of Heterodox Economics in London ,  U.K. in 2001. The tech crash was in the air and unemployment had … Continue reading →

Posted in austerity, business cycles, Canada, classical economics, J.M.Keynes, monetary policy, Schumpeter, U.S., Uncategorized, unemployment | Tagged , | 2 Comments

The misguided recrudescence of classical economic orthodoxy and the ” Treasury view “

Posted on August 31, 2011 by haroldchorneyeconomist

Much is being made of the supposed benefits of medium term deficit reduction through austerity as a reassurance to the private sector to enable them to feel confident enough to spend their several trillion dollar hoard on investing and creating … Continue reading →

Posted in austerity, business cycles, classical economics, deficits and debt, fiscal policy, J.M.Keynes, treasury view, Uncategorized, unemployment | Tagged | Leave a comment

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on June 3, 2011 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | 4 Comments

I’m Back

Posted on March 12, 2011 by haroldchorneyeconomist

Well its nice to be back on line after the hacker attack my e mail and blog suffered from last week. My blogspot site was attacked and although one can still visit it and view its contents I decided for … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, Federal Reserve, fiscal policy, full employment, Greek sovereign debt crisis, Hayek, J.M.Keynes, Keynesian welfare state, labour market clearing, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment