The idea that money begets money, and that the rich and pow… - David Orrell

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The idea that money begets money, and that the rich and powerful enjoy unfair advantages, goes against what we are taught - or like to believe - about the capitalist system.

David Orrell

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About David Orrell

David John Orrell (born 1962 in Edmonton) is a Canadian mathematician and author who is living in Oxford, England. He received his doctorate in mathematics from the University of Oxford.

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Alternative Names: David John Orrell

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Originators like David Orrell:

Steve Keen John Komlos Joan Robinson John Kenneth Galbraith John Maynard Keynes

Additional quotes by David Orrell

Adam Smith's invisible hand does exist, but as an emergent property of a complex system. It has a fuzzy tendency to reduce big price discrepancies, but it acts in a rather haphazard way.

Orthodox tools based on a normal distribution therefore fail exactly where they are most needed, at the extremes.

To balance the economy, we need first to balance our priorities, and abandon rigid ideologies.

The idea that money begets money, and that the rich and powerful enjoy unfair advantages, goes against what we are taught - or like to believe - abou… - David Orrell

About David Orrell

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Additional quotes by David Orrell