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Paul Ormerod Quotes: At 2 per cent growth a year, an economy doubles in size in just thirty years.
         

At 2 per cent growth a year, an economy doubles in size in just thirty years.


Paul Ormerod
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Other quotes of 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 rhythms and fluctuations of developed economies.

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.



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. They just catch it.

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. They just catch it.



The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.

The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.



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

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



Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.

Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.



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

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



The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.

The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.



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

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



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

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





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We have pain and hate and love and joy and war in the world because we want them.

We have pain and hate and love and joy and war in the world because we want them.



Hope begins in the dark the stubborn hope that if you just show up and try to do the right thing the dawn will come. You wait and watch and work: you don't give up.

Hope begins in the dark the stubborn hope that if you just show up and try to do the right thing the dawn will come. You wait and watch and work: you don't give up.



Because of technological limits, there is a certain amount of food that we can produce per acre. If we were to have intensive greenhouse agriculture, we could have much higher production.

Because of technological limits, there is a certain amount of food that we can produce per acre. If we were to have intensive greenhouse agriculture, we could have much higher production.



The most important thing is to figure out Your goal in life. If Your intentions and methods are correct, there is no way You will not achieve it.

The most important thing is to figure out Your goal in life. If Your intentions and methods are correct, there is no way You will not achieve it.



Hope founded upon a human being, a man-made philosophy or any institution is always misplaced... because these things are unreliable and fleeting.

Hope founded upon a human being, a man-made philosophy or any institution is always misplaced... because these things are unreliable and fleeting.



I'm losing myself trying to compete with everyone else, instead of just being me.

I'm losing myself trying to compete with everyone else, instead of just being me.



I don't like spoilers. I don't like things being spoiled.

I don't like spoilers. I don't like things being spoiled.



Science at best is not wisdom; it is knowledge. Wisdom is knowledge tempered with judgment.

Science at best is not wisdom; it is knowledge. Wisdom is knowledge tempered with judgment.



I don't see myself as disabled. There's nothing I can't do that able-bodied athletes can do.

I don't see myself as disabled. There's nothing I can't do that able-bodied athletes can do.



We see the world piece by piece, as the sun, the moon, the animal, the tree; but the whole, of which these are shining parts, is the soul.

We see the world piece by piece, as the sun, the moon, the animal, the tree; but the whole, of which these are shining parts, is the soul.




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This page presents the quote "At 2 per cent growth a year, an economy doubles in size in just thirty years.". Author of this quote is Paul Ormerod. This quote is about growth, thirty years, size, economy, years,.