Category Archives: Uncategorized

Greek crisis illustrates futility of IMF austerity approach

Greece is once again at the centre of an effort of the IMF and the European central bank to rescue its economy from the grip of a likely debt default and flight of capital. Unemployment, economic turmoil and political unrest … Continue reading

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After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | 4 Comments

John Maynard Keynes and the General Theory after 75 years;preface to a presentation to the Canadian Economics Association special panel on reconsidering Keynes in a time of crisis

In memory of Gilles Dostaler   A paper presented to the annual meeting of the Canadian Economics Association, Université d’Ottawa, June 4, 2011. to be read in conjunction with After the Crash: Rediscovering Keynes and the Origins of quantitative easing. … Continue reading

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Election aftermath why the voting system needs an overhaul

Once again the nineteenth century first past the post British electoral system has done its awful work. The system which was designed to keep the riff-raff out of Parliament and if not possible at least out of government has been … Continue reading

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Michael Ignatieff steps down

Michael Ignatieff one of the most thoughtful creative intellectuals who has led a political party in Canada announced this morning that he was stepping down. This is a loss for Canadian politics and Canadian culture. There is in Canada an … Continue reading

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Conservatives 40% of vote 167 seats. Liberals and NDP 50 % of vote 136 seats

Once again the first past the post voting system has delivered a disasterously lopsided result. The combined opposition parties captured 60 % of the popular vote but because of the perverse nature of the first past the post system and … Continue reading

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Two more polls NDP at 33 % Conservatives 37-38% Liberals 18-19%

Two more polls have appeared on the weekend before the historic May 2nd election which show that the NDP is closing in on the Conservatives with the gap narrowing outside of Alberta. One of them by Angus Reid is featured … Continue reading

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Two more polls place NDP second and Liberals third

Another two polls have been released a new Ekos poll and a new Nanos poll. Both polls guage political preference over the period which ended on April 27. They both show the NDP firmly in second place with 28 % … Continue reading

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Two new polls place NDP above 30 % and Conservatives 34 to 35 %: gap may be closing in final days.

Two new polls have been released  one by Forum and the other by Angus Reid which appear to confirm the startling result first revealed by an earlier Ekos poll which placed the NDP in the lead in Québec and second … Continue reading

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Winds of change blowing in Canadian election NDP vaults into 2nd place first place in Québec

The latest Ekos poll still to be confirmed by other polls shows the NDP has vaulted into first place in Québec with 39 % of the likely vote and 2nd place throughout the country with 28 % of the likely … Continue reading

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