The study of human societies and economics is of great impo… - Paul Ormerod

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The study of human societies and economics is of great importance, and it is not the purpose of the book to suggest otherwise. Rather it is to argue that conventional economics offers a very misleading view of how the world actually operates, and that it needs to be replaced.

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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Many Europeans, while admiring the strength and power of the American economy, undoubtedly feel that the system of social values which prevails in the United States, manifested in the acute problems evident in the inner cities and the level of violent crime, for example, leaves much to be desired.

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.

The study of human societies and economics is of great importance, and it is not the purpose of the book to suggest otherwise. Rather it is to argue … - Paul Ormerod

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