Category Archives: unemployment

The Theory of the Business Cycle in Hayek, Keynes and Schumpeter

Posted on September 13, 2011 by haroldchorneyeconomist

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 , | 2 Comments

September 11 2011

Posted on September 11, 2011 by haroldchorneyeconomist

It is a sombre day of remembrance for people all over the world who were affected by September 11th, 2001. Close to 3000 people were killed in the barbaric terrorist attack on New York and Washington. Most were Americans but … Continue reading →

Posted in Canada, U.S., unemployment | Leave a comment

The roots of the American Federal Reserve and the Progressive era:Useful history to guide us in the current crisis

Posted on September 4, 2011 by haroldchorneyeconomist

Among the few 1000 books in my library is a blue covered paperback with a green and black business cycle imposed on it with a photo of President Woodrow Wilson in the last peak to trough. I bought this book … Continue reading →

Posted in Federal Reserve, progressives, U.S., unemployment | Leave a comment

The Long ”Recession” Deepens:American job creation at a standstill

Posted on September 3, 2011 by haroldchorneyeconomist

The alarm bells should be ringing at the White House and in the halls of Congress at the latest economic numbers in the painful prolonged battle to restore prosperity to America. We are now a full two years since the … Continue reading →

Posted in austerity, business cycles, deficits and debt, fiscal policy, J.M.Keynes, U.S., unemployment | Leave a comment

The misguided recrudescence of classical economic orthodoxy and the ” Treasury view “

Posted on August 31, 2011 by haroldchorneyeconomist

Much is being made of the supposed benefits of medium term deficit reduction through austerity as a reassurance to the private sector to enable them to feel confident enough to spend their several trillion dollar hoard on investing and creating … Continue reading →

Posted in austerity, business cycles, classical economics, deficits and debt, fiscal policy, J.M.Keynes, treasury view, Uncategorized, unemployment | Tagged | Leave a comment

Poli 363 Fall, 2011

Posted on August 29, 2011 by haroldchorneyeconomist

Poli 363 fall 2011 Poli 363 Fall 2011 . Course outline Canadian Public Policy :Eight Policy Problems Professor Harold Chorney “In the event of extraordinary circumstances beyond the University’s control, the content and/or evaluation scheme in this course is subject … Continue reading →

Posted in austerity, business cycles, Canada, deficits and debt, fiscal policy, free trade and globalization, Health care, J.M.Keynes, Japanese unemployment, U.S., unemployment | Leave a comment

Poli 610 Fall term 2011

Posted on August 25, 2011 by haroldchorneyeconomist

Poli 610 2011 fall term Pol. 610  Macro-economic policy-making after Keynes Concordia University fall, 2011 Prof. H. Chorney tel. 848 2424 ext.2106  e mail Chorney@alcor.concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory … Continue reading →

Posted in austerity, business cycles, Canada, deficits and debt, fiscal policy, J.M.Keynes, U.S., Uncategorized, unemployment | Tagged | Leave a comment

Japan’s rate of unemployment lower than conventional wisdom

Posted on August 20, 2011 by haroldchorneyeconomist

Much is being made these days of the possibility that Europe and the U.S. are going the way of Japan in terms of the risks of deflation and the freezing up of the financial sector complete with zombie banks. But … Continue reading →

Posted in deficits and debt, fiscal policy, Japanese unemployment, U.S., Uncategorized, unemployment | Leave a comment

Historical data from the bureau of labour statistics employment survey key information

Posted on August 5, 2011 by haroldchorneyeconomist

When tomorrow’s employment survey numbers are published they will be closely examined by market traders for signs of continued economic weakness or of economic recovery taking root. To better understand them it is useful to put the monthly survey numbers … Continue reading →

Posted in fiscal policy, U.S., Uncategorized, unemployment | Leave a comment

Market mayhem Dow drops 512 points: European and American double whammy need for stimulus not austerity

Posted on August 4, 2011 by haroldchorneyeconomist

The Dow dropped over 512 points in today’s trading, the largest one day drop in points since the 2008 crash, arousing fears of a second crisis and a deeper  second recession. Given the destructive American debt ceiling debate, its austerity … Continue reading →

Posted in deficits and debt, fiscal policy, U.S., unemployment | Tagged , , | 4 Comments