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Author Archives: pilkingtonphil
To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?
By Philip Pilkington, a macroeconomist working in asset management and author of the new book The Reformation in Economics: A Deconstruction and Reconstruction of Economic Theory. The views expressed in this interview are not those of his employer Ever since the … Continue reading
Posted in Uncategorized
18 Comments
Why the Pollsters Totally Failed to Call a Trump Victory, Why I (Sort Of) Succeeded – and Why You Should Listen to Neither of Us
The views expressed in this article are the author’s own and do not reflect the views of his employer. The election of Donald Trump as president of the United States will likely go down in history for any number … Continue reading
Posted in Uncategorized
3 Comments
Achtung! My Book is Coming Out Soon: Here Is a Brief Overview and Some Media Links
Hi everyone – or, at least, whoever is left out there. As you probably know, this blog has been shut down since October 2014 and I have pretty much fallen off the face of the planet. Actually I’ve been … Continue reading
Posted in Uncategorized
24 Comments
The International Labour Organisation… Almost Correct
I have an article up on Al Jazeera this week. It may be the last journalistic article I write for some time as I start a new job next week. But this one deserves some brief discussion because the material … Continue reading
Posted in Economic Policy, Economic Theory
15 Comments
The Economic Consequences of the Overthrow of the Natural Rate of Interest
For quite a few months I have, on this blog, been alluding to a paper that I had written which showed that the natural rate of interest is implicitly dependent on the EMH in its strong-form in order to be … Continue reading
Posted in Economic Policy, Economic Theory
24 Comments
Noah Smith Fumbles Argument, Endorses Post-Keynesian Endogenous Money Theory
Economists say the darnedest things sometimes. They often say things that are factually inaccurate. Noah Smith put his foot in it recently when he claimed in a Bloomberg article: It seems like the only people who don’t instinctively believe in … Continue reading
Posted in Economic Theory
3 Comments
Keynes’ Theory of the Business Cycle as Measured Against the 2008 Recession
In this post I will explore Keynes’ theory of the business cycle. He discusses his views in Chapter 22 of the General Theory and I think they hold up pretty well today. At the beginning of the chapter he notes … Continue reading
Posted in Economic Theory
17 Comments
