The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to comply with and to work within the tenets of orthodox theory.
Paul OrmerodBaseball 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.
Paul OrmerodThe 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 OrmerodDespite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.
Paul Ormerod