Category Archives: Uncategorized

A little inflation would go a long way to helping reduce unemployment:The natural rate of unemployment versus the natural rate of inflation

Posted on October 27, 2013 by haroldchorneyeconomist

Almost a decade ago in 2004 I gave a paper at a conference on Social policy as if people matter organized by progressive economists and policy analysts at Adelphi university. One of the keynote speakers was Joseph Stiglitz. My paper … Continue reading →

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The temporary end to shenanigans in Washington; Health care rollout blues;privacy undone;sequestration continues and global recovery slows

Posted on October 21, 2013 by haroldchorneyeconomist

Well the last minute end to the Washington showdown on the government shut down and raising the debt ceiling crisis brought to the world by the Tea party Republicans has ended, thankfully at least until next February. There is certainly … Continue reading →

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Washington coming to its senses ? Canadian unemployment falls to 6.9 %. Alice Munroe wins Nobel Prize for literature

Posted on October 11, 2013 by haroldchorneyeconomist

Amazingly the the government shutdown in the U.S. which began October 1, 2013 continues despite some serious efforts at negotiating an end to it, the restoration of services and a short term six week respite on the debt ceiling deadline … Continue reading →

Posted in Canada, deficit hysteria, full employment, government shut down+debt ceiling U.S., U.S., Uncategorized, urban culture | 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

Poli 204 fall 2013 course outline

Posted on September 5, 2013 by haroldchorneyeconomist

  Introduction and overview: This course is a survey course intended to introduce students to the study of Canadian politics. Canada is a complex country composed of several peoples with a diverse population and a history whose roots goes back … Continue reading →

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poli463 fall 2013 outline (under construction)

Posted on September 3, 2013 by haroldchorneyeconomist

Poli 463/2 fall 2013 course outline under constructionPoli 463/2 Government and Business: course outline Keynes versus monetarists before and after the crash of 2008 Prof.Harold Chorney Fall 2013 Course overview:This course explores the tools that are necessary to deal with … Continue reading →

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The long hot summer recovery continues

Posted on August 26, 2013 by haroldchorneyeconomist

I have been away from my blog and web site for  an extended period, last posting at the close of June. I will be resuming a more frequent schedule beginning next week. A heck of a lot has transpired both … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, fiscal policy, full employment, monetary policy, U.K. economy, Uncategorized, unemployment, urban culture | Tagged , , | Leave a comment

U.S unemployment rises slightly to 7.6% Canada falls slightly to 7.1%

Posted on June 7, 2013 by haroldchorneyeconomist

The American economy created 175000 net new jobs in May as unemployment rose very slightly to 7.6%. The broad measure of unemployment U6 fell slightly to 13.8 % from 13.9% last month.In Canada employment rose by 95000 and the unemployment … Continue reading →

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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

Stock market jitters focus on false fears about end of Quantitative Easing

Posted on May 24, 2013 by haroldchorneyeconomist

A lot of old shibboleths have bit the dust in recent years. Deficits were supposed to destroy the economy by crowding out investment and ushering in inflation. They have not done so. Inflation remains extremely subdued and if there is … Continue reading →

Posted in business cycles, quantitative easing, quantity theory of money, U.S., Uncategorized | Tagged , , | Leave a comment