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.

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 | 22 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

On the Two Departments of Monetary Macroeconomics

At the moment I am doing some research for a project that I might be working on soon. The project will be to provide a useable introduction to Post-Keynesian theory for those working in financial markets. Actually, I hope to … Continue reading

Posted in Economic Theory | 3 Comments

Scotland: After the Election and Moving Into the Future

I have some writing to do today, so I’m not doing a post. Yesterday, however, I published a piece on Al Jazeera America about the future of Scotland after the election. It might be worth a read. Scotland’s future is … Continue reading

Posted in Economic Policy | 2 Comments