At 2 per cent growth a year, an economy doubles in size in … - Paul Ormerod

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

Paul Ormerod

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

About Paul Ormerod

Paul Ormerod (born in 1969) is a British economist who is researching complexity, complex systems, nonlinear feedback, the boom and bust cycle of business and economic competition. Ormerod uses a multidisciplinary approach, making use of biology, physics, mathematics, statistics and psychology as sources of results that can be applied to economics.

All quotes from Paul Ormerod Similar Quotes by other Originators

Originators like Paul Ormerod:

Steve Keen Paul Krugman Paul Samuelson John Komlos Joseph E. Stiglitz

Additional quotes by Paul Ormerod

But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.

The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.

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

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

About Paul Ormerod

Try QuoteGPT

Additional quotes by Paul Ormerod

Works in ChatGPT, Claude, or Any AI