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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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Category Archives: Uncategorized
Greek politicians form new government;Germany may agree to extend austerity timetable.
New Democracy leader Antonis Samaras has been sworn in as the new Prime Minister of Greece. His government will receive the backing of Pasok and the Democratic left giving it a clear parliamentary majority of 179 seats out of 300. … Continue reading
Posted in Uncategorized
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Final Greek Results Reveal Very Close Election
With 99.83 % of the votes counted here are the results of the Greek election. New Democracy received 29.66% of the vote and will get 128 seats because of the 50 seat bonus for finishing first. Its total vote was … Continue reading
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New exit poll New Democracy 28-30 %slightly ahead of Syrizia 27-28.5 %:partial official results show similar trend
It looks increasingly like New Democracy will finish a narrow first over Syriza with 28-30 % of the vote ,Pasok far behind at 13 % and the other small parties including the right wing extremist party, New Dawn at under … Continue reading
Greek election a dead heat New Democracy and Syriza neck and neck in exit polls
Exit polls which sample 80 % of those who voted show New Democracy at 27-30.5 % and Syriza at 27-30 %. Pasok is at 10-12 %. The other parties including the extremist right wing party New Dawn, the communists, the … Continue reading
The Greek election, the euro and the necessity to escape austerity
We are on the eve of the second election in Greece and many establishment voices in a co-ordinated campaign are raising the prospect of total disaster should the Greek electorate choose the left wing coalition Syriza which while committed to … Continue reading
Spanish banks bail out, French parliamentary elections, Unemployment rises in Europe,Canadian unemployment stable but still too elevated.
A lot of information to process. Most of it not good. The best although mixed news comes from France where the first round of the parliamentary elections showed a strong showing by Francois Hollande’s socialist party which garnered about 29.35% … Continue reading
Posted in austerity, Canada, France politics+economy, Québec, Spain, Uncategorized, unemployment
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Alvin Hansen, the right amount of money, deficit finance and the search for full employment.
Alvin Hansen establishes early in his work, Monetary Theory and Fiscal policy that the power to create money is a force to be reckoned with. In the nineteenth century in the U.S.the private banks at the behest of their business … Continue reading
Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, Federal Reserve, fiscal policy, full employment, monetary policy, quantitative easing, quantity theory of money, treasury view, U.S., Uncategorized
Tagged business cycles, J.M.Keynes, monetary policy and banking, the Fed, the origins of money
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Monetary theory and fiscal policy:the insights of Alvin Hansen
One of the greatest interpreters of J.M.Keynes was the American economist Alvin Hansen whose A Guide to Keynes became a staple for beginning macro students during the 1950s and sixties. Hansen made several important errors of interpretation and the IS LM … Continue reading
The Ghost of Maurice Duplessis
The Québec conflict over access to higher education and the refusal of the embattled Liberal party government of Jean Charest to compromise the principal of a major increase in fees has reached a critical point. With the adoption by the … Continue reading
Posted in Canada, civil liberties, Québec, Uncategorized
Tagged authoritarianism, civil liberties, Maurice Duplessis
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François Hollande a Supply Sider ? Oh M.Hollande SVP Say it ain’t So .Victor Hugo Would Not Approve.
Well it didn’t take long. Its not even 24 hours since François Hollande has assumed the Presidency of France and already some insiders are claiming, perhaps accurately although in my view its still too early to say definitively that M.Hollande … Continue reading
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