By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking. - Paul Ormerod

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By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.

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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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Additional quotes by Paul Ormerod

The importance to Smith of the overall set of values in which the economy operates is generally ignored by his followers in the late twentieth century. His economics, based upon individual self-interest, is remembered, but his moral framework is not.

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