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Paul Ormerod Quotes: 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.


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.



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.



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.



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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But now its too late, And I am so broken, I don't want to carry the weight, Of the words unspoken...

But now its too late, And I am so broken, I don't want to carry the weight, Of the words unspoken...



Gosh, I made so many mistakes. I mean I still make mistakes. We all do.

Gosh, I made so many mistakes. I mean I still make mistakes. We all do.



A pipe gives a wise man time to think and a fool something to stick in his mouth.

A pipe gives a wise man time to think and a fool something to stick in his mouth.



In my life's chain of events nothing was accidental. Everything happened according to an inner need.

In my life's chain of events nothing was accidental. Everything happened according to an inner need.



In the tenth century the old Batavian and later Roman forms have faded away.

In the tenth century the old Batavian and later Roman forms have faded away.



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The moment one asks himself whether he is happy, he ceases to be so.



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If you're bored, you don't know the real God.



There is something dark and wintry about the atmosphere of the later Middle Ages.

There is something dark and wintry about the atmosphere of the later Middle Ages.



One can acquire some virtues by feigning them for a long time.

One can acquire some virtues by feigning them for a long time.



If you can design one thing, you can design everything.

If you can design one thing, you can design everything.




Quote Description


This page presents the quote "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.". Author of this quote is Paul Ormerod. This quote is about order, money, supposing that, awful, supposing, reader, theory, quantity, might,.