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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
European solution seems on track for the moment:Falling financial dominoes to be shored up.
While the financial markets wait with keen anticipation it does seem from studying the entrails of reports emanating from Brussels that the long awaited made in Europe solution to the sovereign debt crisis triggered by the spectre of the failure … Continue reading
Posted in Uncategorized
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Keynes:Alive and Well
Way back in 1996 I wrote an op ed piece for the business pages of the Toronto Globe and Mail in response to the anti-Keynesian musings of Terence Corcoran a business columnist for the Globe and Mail who was convinced … Continue reading
Turbulence continues European debt, High unemployment + Reforming Wall Street dominate news
As we begin the new week there is a lot to reflect upon. The Europeans are supposedly going to resolve the deadlock over how to repair the bailout of Greece. Their austerity program has not worked and Greece now needs … Continue reading
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The Deficit:Hysteria and the Current Crisis
DeficitPapers-Chapter 2 – This essay originally written in 1983-84 and the introduction to it (1992) was reprinted in my book with Phillip Hansen Toward a Humanist Political Economy published in 1992. I am including it here because it contains analysis … Continue reading
Multipliers, stimulus and jobs
One of the components of a Keynesian strategy is the concept of the investment multiplier first introduced by R.F. Kahn in 1931( there were also several other economists in this era who developed a comparable concept around the same time … Continue reading
In search of the Non Walrasian Labour Market Model in the Age of Globalization
In Search of the non Walrasian labour market model in the era of Globalization by Harold R.Chorney, Professor, graduate program in public policy and public administration; Concordia university, Montreal, Quebec … Continue reading
Restoring full Employment: The Natural Rate of Inflation versus the Natural rate of Unemployment
RESTORING FULL EMPLOYMENT:THE NATURAL RATE OF INFLATION VERSUS THE NATURAL RATE OF UNEMPLOYMENT by HAROLD CHORNEY,GRADUATE PROGRAM IN PUBLIC POLICY AND PUBLICADMINISTRATION,DEPT. OF POLITICAL SCIENCE , CONCORDIA UNIVERSITY, MONTREAL Paper presented to the Conference on Social Policy as if … Continue reading
The Theory of the Business Cycle in Hayek, Keynes and Schumpeter
The paper below is a preliminary version of a chapter in my forthcoming book. I first presented this at a conference of Heterodox Economics in London , U.K. in 2001. The tech crash was in the air and unemployment had … Continue reading
Posted in austerity, business cycles, Canada, classical economics, J.M.Keynes, monetary policy, Schumpeter, U.S., Uncategorized, unemployment
Tagged Hayek, Schumpeter
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European debt crisis continues slow response of the ECB and European politicians at the heart of the problem.
Paul Krugman in today’s New York Times has an excellent column criticizing the European Central bank for its mishandling of the sovereign debt crisis. I totally agree with him and I commented as follows below. ”Prof. Krugman is quite correct … Continue reading
U.S. Unemployment over the past decade
This has been a remarkable decade. At the beginning of the decade the American economy was experiencing the lowest unemployment that it had had in many decades.By the end of the decade the unemployment rate had skyrocketed to over 10 … Continue reading
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