Category Archives: European unemployment

The economics of Fuller Employment in the Twenty-first Century

Posted on May 18, 2019 by haroldchorneyeconomist

************************************************************************************* CLICK LINK BELOW FOR PDF OF FULL PAPER WITH ALL CHARTS INCLUDED: HRc The economics of fuller employment in the twenty first century may 29 2019 5-48pm ************************************************************************************* The economics of fuller employment in the twenty first century. By … Continue reading →

Posted in anti austerity, Brexit, Canada, deficit hysteria, European unemployment, European Union and UK, France politics+economy, Free trade and Canadian history, free trade and globalization, full employment, infrastructure investment, J.M.Keynes, Uncategorized | Leave a comment

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

Posted on September 9, 2016 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 , , | Leave a comment

Greek parliament fails to elect President:New national elections called for January 25, anti-austerity Syriza likely winner

Posted on December 29, 2014 by haroldchorneyeconomist

Events are moving closer to a major policy change for the better in Greece. The Greek parliament failed to vote in large enough numbers for the proposed candidate for President Stavros Dimas. He required 180 votes but received only 168 … Continue reading →

Posted in anti austerity, European debt crisis, European unemployment | Tagged | Leave a comment

French Economics Minister Arnaud Montebourg resigns in opposition to misguided counterproductive austerity policies

Posted on August 25, 2014 by haroldchorneyeconomist

M.Arnaud Montebourg has openly protested against the austerity policies of the Hollande Government headed by Prime Minister Manuel Valls. He correctly denounced the policies as absurd and counterproductive in the fight against unemployment and the deficit. As a consequence of … Continue reading →

Posted in austerity, deficit hysteria, European unemployment, France politics+economy | Leave a comment

Economic stagnation persists in Europe: austerity policies are the cause

Posted on August 13, 2014 by haroldchorneyeconomist

This week Stats Canada has announced it is recalculating its employment numbers because of a processing error in its July tabulation. It will be interesting to find out in what direction and way they erred in their earlier release. The … Continue reading →

Posted in deficit hysteria, deficits and debt, European debt crisis, European unemployment, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, monetary policy, Spain, treasury view, U.K. economy, unemployment | Leave a comment

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

Posted on January 20, 2014 by haroldchorneyeconomist

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

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

Posted on December 8, 2013 by haroldchorneyeconomist

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

U.S. government Shutdown Irrationality & higher Unemployment in Europe:A very bad combination

Posted on October 1, 2013 by haroldchorneyeconomist

The long predicted but nevertheless very foolish self inflicted irrational Tea party Inspired shutdown of all but essential U.S. government services has occurred as of midnight last night, Washington time. It is difficult to predict how long it will last … Continue reading →

Posted in austerity, business cycles, European financial stability fund, European unemployment, fiscal policy, France politics+economy, government shut down+debt ceiling U.S., Spain, U.K. economy, U.S., Uncategorized, unemployment | Tagged , , , | Leave a comment

European obsession with austerity and inefficient job search repeats error of the 1930s

Posted on May 31, 2013 by haroldchorneyeconomist

There was discussion in the financial press today and yesterday about the fact that the EU has extended the deadline by which they expect countries like France, Spain and Italy to meet the 3% deficit to GDP targets which the … Continue reading →

Posted in austerity, classical economics, deficit hysteria, European unemployment, France politics+economy, full employment, Greek sovereign debt crisis, quantitative easing, Spain, U.K. economy, Uncategorized, unemployment | Tagged , , | Leave a comment

The Owl of Minerva takes flight at dusk:The anti-Keynesian era is drawing to a close

Posted on May 2, 2013 by haroldchorneyeconomist

The Owl of Minerva takes flight at dusk: The anti-Keynesian era is drawing to a close By Harold R. Chorney, Professor of political economy, Concordia university, Montreal.( I originally submitted this to the New York Times as an op ed … Continue reading →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, European debt crisis, European unemployment, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Italian debt crisis, J.M.Keynes, Keynesian multiplier, monetary policy, Uncategorized | Tagged , , | Leave a comment