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Author Archives: pilkingtonphil
Marc Lavoie’s New Book
Marc Lavoie’s new book on the foundations of Post-Keynesian economics is out entitled Post-Keynesian Economics: New Foundations. I learned a lot from the last version of this book and Marc has told me that he’s been working hard to update … Continue reading
Posted in Economic Theory
28 Comments
Moar Rethinking of Economics
Here’s an interview with Tony Lawson on economics, mathematics and ontology.
Rethinking Economics
The Rethinking Economics conference this weekend went very well. I think that this movement is only getting bigger. The level of organisation at the conference was extremely impressive. Something tells me that this will not be going away any time … Continue reading
Posted in Economic Theory
2 Comments
Interest Rates and ‘Reserve Constraints’: Why Endogenous Money Works Without Central Bank Intervention
Endogenous money advocates often think that a central bank is required in order to offset increases in government borrowing. The story goes: the central bank targets the overnight interest rate by buying up government securities; if the government issues more … Continue reading
Posted in Economic History, Economic Theory
56 Comments
‘Uncertainty’ in Contemporary DSGE Modelling: Not Even Wrong
Confusion of thought and feeling leads to confusion of speech. — John Maynard Keynes Readers will note that I very rarely discuss DSGE modelling on here. Frankly, I’m not enormously interested. The fad is one in which economists — or, … Continue reading
Posted in Economic Theory
79 Comments
Housing Bubble Redux
A piece I did for Al Jazeera on the IMF warnings of a potential global housing bubble. Here we go again. Will real estate bubbles again sink the global economy?
Posted in Economic Policy, Market Analysis, Media/Journalism
4 Comments
A Series of Interviews on My Forthcoming Book — Part Deux
The next part of the interview on my new book. This one deals with less methodological issues, as did the previous interview, and focuses on actual substantive issues. We discuss aggregate demand, theories of financial markets — including a discussion … Continue reading
Posted in Economic Theory
5 Comments
A Series of Interviews on My Forthcoming Book.
Amogh Sahu recently did along series of interviews with me based on what will be in my forthcoming book. The first interview is up now and it deals broadly with methodology and epistemology. There’s also some discussion of equilibrium methods … Continue reading
Posted in Economic Theory, Philosophy
2 Comments
The Eurozone: An Awful Mess
I have an article that went up on Al Jazeera yesterday. It’s on the future of the Eurozone and its got some good responses so far. Readers might be interested. The European single currency system spirals further out of control
Posted in Economic History, Economic Policy
6 Comments
Tobin’s Q: A Wily Trickster and Slightly Vacuous
I was writing an article this morning for an internet website about the recent IMF proclamations that there may be a global housing bubble underway. The article, if it runs, should be online next week and I will link to … Continue reading
Posted in Economic Policy, Economic Theory
6 Comments
Fixing the Economists 