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Paul Ormerod Quotes: 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.


Paul Ormerod
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"Paul Ormerod Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/The-temptation-to-use-mathematics-is-irresistible-942352>.





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Other quotes of Paul Ormerod


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.



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.



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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When setbacks arise - and they will from time to time - regroup, recharge, refocus and refine.

When setbacks arise - and they will from time to time - regroup, recharge, refocus and refine.



Play is the creation of value that is not necessary.

Play is the creation of value that is not necessary.



I never felt so fervently thankful, so soothed, so tranquil, so filled with a blessed peace, as I did yesterday when I learned that Michael Angelo was dead.

I never felt so fervently thankful, so soothed, so tranquil, so filled with a blessed peace, as I did yesterday when I learned that Michael Angelo was dead.



Her skin glowed in dawn's soft light sneaking in through curtains, and she stretched her arms up toward the ceiling in a move that elongated everything above her waist and below his belt.

Her skin glowed in dawn's soft light sneaking in through curtains, and she stretched her arms up toward the ceiling in a move that elongated everything above her waist and below his belt.



I was a hangover of that era where they’d say “Take off that medal! Is that a St. Christopher medal? You’re going to lose your audience with that.”

I was a hangover of that era where they’d say “Take off that medal! Is that a St. Christopher medal? You’re going to lose your audience with that.”



Its amazing that so many kids turn out to be fairly normal, considering the weird socialization they get in public schools.

Its amazing that so many kids turn out to be fairly normal, considering the weird socialization they get in public schools.



I base my track-listing and what songs I pick by what my fans expect from me and what they want and what I think they want.

I base my track-listing and what songs I pick by what my fans expect from me and what they want and what I think they want.



Music has completely taken over every aspect of my life and ruined everything.

Music has completely taken over every aspect of my life and ruined everything.




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This page presents the quote "The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.". Author of this quote is Paul Ormerod. This quote is about use, temptation, precision, musings, mathematics, air, authority, appropriate, irresistible,.