The entire thrust of neoclassical thought is to argue that … - David Orrell

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The entire thrust of neoclassical thought is to argue that the free market economy is an efficient system that will optimize utility for all mankind, if only government will get out of the way. It therefore departs from classical economists such as Adam Smith, who recognized the importance of governments for regulating markets and preventing monopolies.

David Orrell

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About David Orrell

David John Orrell (born 1962 in Edmonton) is a Canadian mathematician and author who is living in Oxford, England. He received his doctorate in mathematics from the University of Oxford.

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Alternative Names: David John Orrell

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Steve Keen John Komlos Joan Robinson John Kenneth Galbraith John Maynard Keynes

Additional quotes by David Orrell

Money, having freed itself from the physical universe, has become number itself, and finance a strange form of mathematical alchemy.

The idea that money begets money, and that the rich and powerful enjoy unfair advantages, goes against what we are taught - or like to believe - about the capitalist system.

To build a genuinely sustainable economy, we need to recognize and embrace the dynamic nature of the world, and free ourselves from the dead holds of static dogma.

The entire thrust of neoclassical thought is to argue that the free market economy is an efficient system that will optimize utility for all mankind,… - David Orrell

About David Orrell

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