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Author Archives: pilkingtonphil
Conferences You Should Attend Before You Die…
More work on the book today. And so no posts of substance which is unfortunate because there are a few things I want to write about at the moment. Anyway, in the meantime I would recommend that people buy tickets … Continue reading
Posted in Media/Journalism
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Articles on the Natural Rate of Interest and the Relationship Between Central Banking and the New Nationalisms
Well, I’m still slaving away on the book. I hope regular readers will appreciate the fall-off in posts in this regard. The book will be worth it. I promise. Anyway, the ever present drip of my publications elsewhere should prove … Continue reading
Posted in Economic Policy, Economic Theory
40 Comments
Free Money? Basic Income Guarantee vs. Job Guarantee
Still writing my book. But here’s one of those articles that I do find time to write because I get paid for it! This one examines the BIG policy versus rivals like the JG and the AFT. Money for Nothing … Continue reading
Posted in Economic Policy, Media/Journalism
2 Comments
Housekeeping and Tending to Scotland
Sorry for the radio silence, folks. Still writing that book. Nearly half way done now. In the meantime the Levy Institute has issued my paper on the Scottish monetary system with a nice preface by Dimitri B. Papadimitriou.
Posted in Economic Policy
1 Comment
What Would Keynes Have Said About the Current Stagnation?
Readers may have noted some absence on the blog over the past few days. This is because I am currently writing a book which seems to be sapping all my writerly juices at the moment. I have about a third … Continue reading
Posted in Economic Policy, Economic Theory
14 Comments
Has Thomas Piketty Pulled a Reinhart and Rogoff?
Well, a team at the FT under Chris Giles has claimed to have discovered serious errors in the data spreadsheets underlying Thomas Piketty’s work. A few housekeeping issues before I proceed. First of all, I do not have the time … Continue reading
Posted in Economic History
18 Comments
The Difference Between Keynesian Kaleido-Static Reasoning and Mainstream Methodology
In order to give an adequate definition of what has been called Keynesian kaleido-statics it is first relevant to define it against that out of which it grew. Keynes’ work, as has been noted many times, grew out of the … Continue reading
Posted in Economic Theory, Philosophy
10 Comments
Two Different Approaches to Economics and One Approach to Pseudo-Economics
In the comments to my piece on Janet Yellen the hypocrisy of my position was pointed out, as it so often is, by a certain reader of this blog. What was my hypocrisy on this particular occasion? It was the … Continue reading
Posted in Economic Theory, Philosophy
26 Comments
Slackers: How the Multiplier Works in the Real World
In a previous post I wrote about the key reason that the natural rate of interest does not exist. There I discussed the Kahn Multiplier. We saw that when investment increased consumption increased along with it due to the fresh … Continue reading
Posted in Economic Theory
9 Comments
The Natural Rate of Interest Does Not Exist
I just want to make a quick note on the multiplier and the theory of liquidity preference that is not generally recognised. When the full implications of this argument are recognised and integrated with marginalist theories of savings and investment … Continue reading
Posted in Economic Policy, Economic Theory
18 Comments
Fixing the Economists 