Category Archives: free trade and globalization

Robert Mundell, Columbia University economist criticizes overvalued euro which promotes unemployment and urges QE

Robert Mundell, a Nobel prize winning Canadian economist at Columbia University and a specialist on trade,exchange rates and currencies has wisely critiqued the European central bank for allowing an overvalued exchange rate on the euro which has harmed growth in … Continue reading

Posted in austerity, balance of payments, business cycles, classical economics, European debt crisis, European unemployment, free trade and globalization, full employment, quantitative easing, unemployment | Tagged , , , | 4 Comments

”Entitlement”programs is a loaded term:Social Democratic Minimum is a Better More Accurate One

During the fiscal cliff negotiations in the U.S. one hears the term ”entitlement” programs frequently. This is of course an ideologically loaded term that by its very nature seeks to suggest that basic social democratic minimum programs like health care, … Continue reading

Posted in classical economics, community, free trade and globalization, Keynesian welfare state, U.S., Uncategorized | Tagged , , | Leave a comment

Hoarding, speculation and the problem of unemployment

The classical school of economics always argued that wages would adjust to clear gluts of unemployed workers over a reasonably short period of time and that cash would not be hoarded but used to purchase bonds or otherwise spent on … Continue reading

Posted in business cycles, classical economics, deficit hysteria, European unemployment, free trade and globalization, Greek sovereign debt crisis, monetary policy, treasury view, U.K. economy, Uncategorized, unemployment | Tagged , , | Leave a comment

The fall economic conversation: Hayek versus Keynes, Romney versus Obama, whither the global business cycle ?

Now that relative calm has  returned to Québec after the provincial election we can focus our attention on the broader economic issues that beset the global economy. The American election although currently focused on foreign policy appears set to return … Continue reading

Posted in austerity, business cycles, deficit hysteria, deficits and debt, European debt crisis, Federal Reserve, fiscal policy, free trade and globalization, full employment, Hayek, treasury view, U.K. economy, U.S., Uncategorized, unemployment | Leave a comment

Poli 610:Macro-economic theory and policy after Keynes and the crash of 2008

Pol. 610  Macro-economic policy-making after Keynes Concordia University fall, 2012 Prof. H. Chorney tel. 848 2424 ext.2106  e mail Chorney@alcor.concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory in the light of recent … Continue reading

Posted in austerity, business cycles, Canada, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, free trade and globalization, full employment, Hayek, J.M.Keynes, Keynesian multiplier, labour market clearing, Milton Friedman and NAIRU, monetary policy, natural rate of inflation, quantitative easing, quantity theory of money, Schumpeter, U.K. economy, U.S., Uncategorized, unemployment | Leave a comment

Poli 363 Fall, 2011

Poli 363 fall 2011 Poli 363 Fall 2011 . Course outline Canadian Public Policy :Eight Policy Problems Professor Harold Chorney “In the event of extraordinary circumstances beyond the University’s control, the content and/or evaluation scheme in this course is subject … Continue reading

Posted in austerity, business cycles, Canada, deficits and debt, fiscal policy, free trade and globalization, Health care, J.M.Keynes, Japanese unemployment, U.S., unemployment | Leave a comment