By any reasonable criteria, the discipline of economics as … - Paul Ormerod

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

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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Originators like Paul Ormerod:

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

Additional quotes by Paul Ormerod

Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.

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.

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

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

About Paul Ormerod

Additional quotes by Paul Ormerod