Category Archives: Uncategorized

Europe still mired in austerity, slow growth and possible recession and excessive unemployment

Posted on February 12, 2013 by haroldchorneyeconomist

The situation in Europe continues to be worrisome and exasperating. The stubborn ideologically driven opposition to stimulating the economy through major infrastructure and employment creating investments and a supportive low interest monetary policy including where appropriate quantitative easing is long … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, full employment, J.M.Keynes, Keynesian multiplier, labour market clearing, monetary policy, quantitative easing, Spain, treasury view, U.K. economy, Uncategorized, unemployment | Tagged , , | 2 Comments

German American economist N.Johannsen and impair savings:important clue to current slow recovery

Posted on February 10, 2013 by haroldchorneyeconomist

The German American amateur economist Nicholas Johannsen (1844-1928) published a work in 1908 entitled A Neglected Point in Connection with Crises in which he developed the notion of ”impair savings” He used this notion to point out that crises originated … Continue reading →

Posted in business cycles, classical economics, fiscal policy, full employment, J.M.Keynes, monetary policy, Uncategorized, unemployment | Tagged , , | 1 Comment

Canadian employment falls by 21,900 but headline unemployment rate falls to 7.0 %

Posted on February 8, 2013 by haroldchorneyeconomist

Statistics Canada has released its latest Labour force survey for the month of January. It shows that unemployment has fallen to 7.0 % but there are 21,900 fewer people employed and the fall in the headline rate is due to … Continue reading →

Posted in Alberta, austerity, business cycles, Canada, fiscal policy, full employment, J.M.Keynes, labour market clearing, monetary policy, Québec, Uncategorized, unemployment | Tagged , , | 1 Comment

U.S. 4th quarter GDP shrinks by 0.1 percent: No time to cut spending

Posted on January 30, 2013 by haroldchorneyeconomist

The news came as a surprise to many but the 4th quarter of 2012 experienced a slowdown in growth that resulted in a very marginal but nonethess a negative growth rate for the GDP. The source of the problem was … Continue reading →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, fiscal policy, full employment, U.S., Uncategorized, unemployment | Tagged , , | 1 Comment

Boris Backs Britain Away From Austerity

Posted on January 25, 2013 by haroldchorneyeconomist

The colourful Tory mayor of London, Boris Johnson has come out forcefully in opposition to the disasterous austerity policies that are at the centre of  Chancellor of the Exchequer George Osborne’s economic strategy. Following in the tradition of British Conservative … Continue reading →

Posted in austerity, business cycles, deficit hysteria, full employment, J.M.Keynes, progressives, U.K. economy, Uncategorized, unemployment | Tagged , , | Leave a comment

President Barack Obama Gives Stirring Speech in Moving Inaugural Ceremony

Posted on January 21, 2013 by haroldchorneyeconomist

President Barack Obama took the oath of office at the public inaugural ceremony in Washington at noon today. His speech was a detailed call for a reform filled second term which will have broad appeal to the coalition of  American … Continue reading →

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Poli 363 winter 2013

Posted on January 8, 2013 by haroldchorneyeconomist

Poli 363   winter 2013  under construction Poli 363 Fall 2011 . Course outline Canadian Public Policy :Eight Policy Problems Professor Harold Chorney e mail chorney@alcor.concordia.ca or harold.chorney @concordia.ca Office hours tba. Course synopsis: This course introduces students to the … Continue reading →

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2013 poli 463 course outline under construction

Posted on January 8, 2013 by haroldchorneyeconomist

Poli 463/ 2013 (under construction) 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 … Continue reading →

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Keynes’s Fundamental Equations From The Treatise on Money

Posted on December 11, 2012 by haroldchorneyeconomist

The symbols used in A Treatise on Money are somewhat different from the General Theory  and for those who are familiar with GT but not the Treatise are a little confusing at first. See both Keynes’s A Treatise on Money vol.1 ch.10 … Continue reading →

Posted in austerity, business cycles, classical economics, European unemployment, fiscal policy, full employment, J.M.Keynes, monetary policy, treasury view, U.K. economy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

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

Posted on December 8, 2012 by haroldchorneyeconomist

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