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

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

Paul Ormerod

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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.

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

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The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to comply with and to work within the tenets of orthodox theory.

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.

In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

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

About Paul Ormerod

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