De Abaitua interview (1998)
Context: I have a more fractal way of working, if you like, it is more like the way most people’s minds actually work. They don’t work in any linear way. When your mind wanders if you ever pay attention to some of the paths it takes, you generally find it’s these paths of association that can link all over the place. …The movements of the mind don’t follow any linear pattern, they can’t be explained with a mechanistic, clockwork view. You could find quantum models of how the mind works that might fit.
“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.”
Part II, Chapter 8, The Dynamics of Unemployment, p. 162
The Death of Economics (1994)
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Paul Ormerod 20
English economistRelated quotes
David Colander, Complexity and the History of Economic Thought, Routledge, London and New York, 2000, p. 6.
2000s
Source: The systems view of the world (1996), p. 8 as cited in: Martha C. Beck (2013) "Contemporary Systems Sciences, Implications for the Nature and Value of Religion, the Five Principles of Pancasila, and the Five Pillars of Islam," Dialogue and Universalism-E Volume 4, Number 1/2013. p. 3 ( online http://www.emporia.edu/~cbrown/dnue/documents/vol04.no01.2013/Vol04.01.Beck.pdf).
Dantzig (1983) "Reminiscences about the origins of linear programming". In: Mathematical programming : the state of the art. New York, 1983, p. 78-86.
W. Brian Arthur in: Mitchell M. Waldrop (2004) Complexity: The Emerging Science at the Edge of Order and Chaos http://books.google.nl/books?id=VP9TWZtVvq8C&pg=PA333. p. 333
“I shall set up National Economic Development Advisory Conference to improve the economy in Taiwan”
During the official speech of his first anniversary of presidency, May 19, 2001
Pet Phrases, 2001
“Trade is simply too important for economic development to be left to free trade economists.”
Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, More trade, fewer ideologies, p. 83
Context: The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.