Paul Ormerod: Quotes about the world

Paul Ormerod is English economist. Explore interesting quotes on world.

Paul Ormerod: 40 quotes0 likes

“The study of human societies and economics is of great importance, and it is not the purpose of the book to suggest otherwise. Rather it is to argue that conventional economics offers a very misleading view of how the world actually operates, and that it needs to be replaced.”

Paul Ormerod book The Death of Economics

Preface to the Paperback Edition, p. vii
The Death of Economics (1994)

“The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.”

Paul Ormerod book The Death of Economics

Part II, Chapter 8, The Dynamics of Unemployment, p. 162
The Death of Economics (1994)

“The model of competitive equilibrium which has been discussed so far is set in a timeless environment. People and companies all operate in a world in which there is no future and hence no uncertainty.”

Paul Ormerod book The Death of Economics

Part I, Chapter 4, Professional Reservations, p. 76
The Death of Economics (1994)