Author Archives: pilkingtonphil

About pilkingtonphil

Philip Pilkington is a London-based economist and member of the Political Economy Research Group (PERG) at Kingston University. You can follow him on Twitter at @pilkingtonphil.

The Scottish Currency Question: A Solution

This week the Scots will vote on independence and the ghost of Bonnie Prince Charlie will ride once more… oh no! I’m not going there! Living in London and being from a country that declared independence from the crown last … Continue reading

Posted in Economic Policy | 21 Comments

Krugman at the Rethinking Economics Conference: Still Wrong on Monetary Theory

The Rethinking Economics conference in New York took place over the weekend. Anyway, Paul Krugman was on a panel with James Galbraith and Willem Buiter. The panel was interesting in and of itself. But what really caught my eye was … Continue reading

Posted in Economic Theory | 46 Comments

On Gold Buggery

My piece on gold bugs, their culture and their silliness is now online at The New Internationalist website for all you lousy folks that didn’t bother picking up a copy. It was one of the most fun pieces I ever … Continue reading

Posted in Economic History, Economic Policy, Market Analysis, Media/Journalism | 10 Comments

Academic Sophistry: Dart-Throwing Monkeys and the EMH

The other day I did a post on the Efficient Markets Hypothesis (EMH) that generated some discussion. I want to deal with a few of the issues raised in a some upcoming blogposts. One issue of interest was that many … Continue reading

Posted in Economic Theory, Market Analysis, Statistics and Probability | 24 Comments

Media Etc.

Too backed up to do a new post today. But a piece of mine went up on Al Jazeera yesterday that deals with the OECD’s very ambitious report from a few weeks ago. Readers might find that of interest. The … Continue reading

Posted in Economic Policy, Media/Journalism | 3 Comments

On Keynes’ Short-Period Analysis and Harrod’s Dynamics: A Reconciliation

When I first encountered the Harrod-Domar growth model I never interpreted it as a long-period representation. It seemed to me such a strange characterisation and, I’ll admit, when I first approached the growth literature that arose out of it I … Continue reading

Posted in Economic Theory | 2 Comments

The Efficient Markets Hypothesis Has Been Proved Wrong But Economists Do Not Want to Listen

The Efficient Markets Hypothesis (EMH) is wrong. It has been proved wrong. Do you think you’ve heard this before? You likely have, but the proof that you’ve heard that the EMH is wrong probably has not done the damage that … Continue reading

Posted in Economic Theory, Market Analysis, Statistics and Probability | 17 Comments