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Paul Ormerod Quotes: 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.
         

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
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Other quotes of Paul Ormerod


Baseball players or cricketers do not need to be able to solve explicitly the non-linear differential equations which govern the flight of the ball. They just catch it.

Baseball players or cricketers do not need to be able to solve explicitly the non-linear differential equations which govern the flight of the ball. They just catch it.



The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.

The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.



Even in financial markets, the concept of market efficiency does not hold.

Even in financial markets, the concept of market efficiency does not hold.



Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.

Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.



By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.

By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.



The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.

The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.



The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.

The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.



At 2 per cent growth a year, an economy doubles in size in just thirty years.

At 2 per cent growth a year, an economy doubles in size in just thirty years.



Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.

Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.





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The shared meal elevates eating from a mechanical process of fueling the body to a ritual of family and community, from the mere animal biology to an act of culture.

The shared meal elevates eating from a mechanical process of fueling the body to a ritual of family and community, from the mere animal biology to an act of culture.



It was then that I realized I wasn't afraid to lose my life

It was then that I realized I wasn't afraid to lose my life



Guns go home with the soldiers, but landmines are designed to kill - mindlessly, out of control, for years.

Guns go home with the soldiers, but landmines are designed to kill - mindlessly, out of control, for years.



I don't run against Hillary Clinton. I run on the most important issues facing America.

I don't run against Hillary Clinton. I run on the most important issues facing America.



I think I'm probably an assassin and not a Templar, but no doubt we're probably run by people with Templar mentalities.

I think I'm probably an assassin and not a Templar, but no doubt we're probably run by people with Templar mentalities.



Would Colonel [Bernie] Sanders honeymoon in the Soviet Union?

Would Colonel [Bernie] Sanders honeymoon in the Soviet Union?



There was light born on the darkest day, but no-one wants to know, and no-one wants to Cry

There was light born on the darkest day, but no-one wants to know, and no-one wants to Cry



I had to pinch myself seeing the grassy knoll and the book suppository building.

I had to pinch myself seeing the grassy knoll and the book suppository building.



The objective is to win: fairly, squarely, decently, win by the rules, but still win.

The objective is to win: fairly, squarely, decently, win by the rules, but still win.



What, no more ceremony? See, my women! Against the blown rose may they stop their nose That kneel'd unto the buds.

What, no more ceremony? See, my women! Against the blown rose may they stop their nose That kneel'd unto the buds.




Quote Description


This page presents the quote "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.". Author of this quote is Paul Ormerod. This quote is about richness, capable, complexity, economics, orthodox, linear, views, world,.