Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee busin…

- Paul Ormerod

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

- Paul Ormerod

Baseball players or cricketers do not need to be able to solve explicitly the non-linear differential equations which govern the flight of the ball. …

- Paul Ormerod

We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking abou…

- Paul Ormerod

I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The a…

- Paul Ormerod

The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to e…

- Paul Ormerod

Many Europeans, while admiring the strength and power of the American economy, undoubtedly feel that the system of social values which prevails in th…

- Paul Ormerod

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 …

- Paul Ormerod

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhy…

- Paul Ormerod