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Quote 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.”

Quote by Paul Ormerod

Author

Paul Ormerod is a British economist born in 1969. He has conducted extensive research in the field of economics, particularly in the areas of economic behavior and complex systems theory. Ormerod's work often explores the irrationality of economic decisions and the instability of markets. more

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“But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.”

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“The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.”

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“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 answer seems obvious: Buy a very large one and just wait.”

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