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Recent Posts
- Fed and Bank of England raise rates Bank of England warns of recession
- Federal Government Budget cautious document :unemployment projected to be 5.8% then fall to 5.5 % in 2022-23
- Hello after much faffing about with the help of my computer savvy son I am glad to say that my wordpress site is once again accessible
- Poli 349 AA (9930): Political and Social Theory and the City. Course outline fall 2021. Thursday 5:45-8:15 Prof. Harold Chorney (Latest Version).
- Poli 204 Course outline Prof.Chorney latest version
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harold chorney on Larry Summers is correct about… Harold Chorney on Larry Summers is correct about… Spencer Hall on The Demand for Money and the i… Alex Benady on Dominic Raab eliminated in rou… haroldchorneyeconomi… on The Federal Reserve‘s obsessio… Archives
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Category Archives: Uncategorized
New Cabinet a Good mixture of Talent, Regional Roots and Values and Beliefs:Keystone XL rejection,TPP details obliges government to come up with a policy rethink particularly if economy should slow down in coming months
The gradually emerging details of the T.P.P. trade deal and the decision of President Obama to reject the proposed Keystone XL pipeline presents the new Liberal government with both a challenge and an opportunity to rethink its policy agenda. This … Continue reading
Elections Canada reports final election results
With 99.8 % of the polls counted the results are as follows: Liberals 184 seats 6,930,136 votes 54% of seats and 39.4% of the votes Conservatives 99 seats 5,600,496 votes 29.3% seats and 31.9% of votes New Democratic Party 44 … Continue reading
Liberals win unexpected solid majority in Canadian election: 184 seats to 99 for Harper Conservatives , 44 for Mulcair’s New Democrats , to 10 for Duceppe’s Bloc québécois with 1 for May’s Greens.
The Canadian election delivered a stunning majority Liberal Government much to the surprise of many Canadian pollsters and pundits. There were two final polls conducted on the Sunday before the election which accurately predicted the vote split among the top … Continue reading
If the Canadian election delivers a minority government parties need to consider a post election strategy in terms of forming a government no matter who captures the largest number of seats well short of a majority.
The Canadian election appears to be a very close race with no party appearing to have an overwhelming lead. Both the leader of the New Democrats and the leader of the Liberals have made it clear they will not support … Continue reading
Further notes on inflation and the quantity theory of money
A theory of inflation (originally posted on my earlier blogspot blog Sept 19, 2010) Throughout the history of monetary theory the subject of inflation and the role of the money stock has loomed large. One can go back to Copernicus … Continue reading
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Some technical notes on aggregate demand and Keynes versus the monetarists:a helpful guide for my students
The equation for aggregate demand in the Keynesian system is as follows: C + I +(G-T) +(X-M) = D (Aggregate demand).C is consumption,I is investment, G is government expenditures, T is taxes, X is exports, and M is imports. Note that … Continue reading
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Monthly GDP grows but much of the growth paradoxically is in the oil, mining, quarrying and natural gas sector. Outside of the sector growth is very limited.
Stats Canada has released the July monthly growth figures. They show an overall growth rate of 0.3 %.positive for the second straight month. But it is odd that much of the growth occurred in the oil and gas, mining and … Continue reading
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Greek elections: Syriza wins again but no longer a radical force for anti austerity
The latest on line results for the Greek election has Syriza ahead with 1.167 million votes. With 63% of the votes counted shows the formerly anti austerity party Syriza once again winning the largest number of votes, 34.5% and 144 … Continue reading
Department of Finance Annual Financial Report, high employment deficits and the state of the Canadian economy
This week the media was filled with exclamation marks about the fact that the Department of Finance in its Annual financial Report reported a budgetary surplus of $ 1.9 billion rather than the budgeted deficit that had been expected for … Continue reading
Poli 463, 2015 course outline: Keynes versus monetarists before and after the crash of 2008.
Poli 463/2 Government and Business course outline : Keynes versus monetarists before and after the crash of 2008 Prof.Harold Chorney Fall/ 2015 Course overview: This course explores the tools that are necessary to deal with the contemporary global economy and … Continue reading
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