--- title: "3 Economists Quotes By Paul Ormerod" description: "3 Economists quotes by Paul Ormerod. Plus more from Paul Ormerod and more Economists sayings from other authors." image: "https://sms4smile.com/quotes/i/4b6/paul-ormerod-27778_academic_the-obstacles-facing-academic-economists_1505087.jpg" --- > [The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to…](https://sms4smile.com/quotes/paul-ormerod/the-obstacles-facing-academic-economists-are-formidable-for-tenure/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) [Image](https://sms4smile.com/quotes/i/4b6/paul-ormerod-27778_academic_the-obstacles-facing-academic-economists_1505087.jpg) > [The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to…](https://sms4smile.com/quotes/paul-ormerod/the-temptation-to-use-mathematics-is-irresistible-for-economists-it/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) [Image](https://sms4smile.com/quotes/i/114/paul-ormerod-27778_air_the-temptation-to-use-mathematics-is-irr_2248498.jpg) > [Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.](https://sms4smile.com/quotes/paul-ormerod/despite-the-high-salaries-involved-employing-economists-is-a-cost/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) [Image](https://sms4smile.com/quotes/i/b40/paul-ormerod-27778_cost_despite-the-high-salaries-involved-emplo_2807483.jpg) ## Other authors on Economists - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b020/author-richard-thaler-78929.jpg) Richard Thaler 10 quotes ](https://sms4smile.com/quotes/about/economists/richard-thaler/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-kenneth-galbraith-51720.jpg) John Kenneth Galbraith 10 quotes ](https://sms4smile.com/quotes/about/economists/john-kenneth-galbraith/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-thomas-piketty-90556.jpg) Thomas Piketty 9 quotes ](https://sms4smile.com/quotes/about/economists/thomas-piketty/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b011/author-hajoon-chang-40025.jpg) Ha-Joon Chang 8 quotes ](https://sms4smile.com/quotes/about/economists/ha-joon-chang/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b004/author-aretaeus-of-cappadocia-14539.jpg) Adam Davidson 7 quotes ](https://sms4smile.com/quotes/about/economists/adam-davidson/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-maynard-keynes-51905.jpg) John Maynard Keynes 6 quotes ](https://sms4smile.com/quotes/about/economists/john-maynard-keynes/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-tim-harford-90885.jpg) Tim Harford 5 quotes ](https://sms4smile.com/quotes/about/economists/tim-harford/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b021/author-ronald-coase-81073.jpg) Ronald Coase 5 quotes ](https://sms4smile.com/quotes/about/economists/ronald-coase/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-paul-krugman-74013.jpg) Paul Krugman 5 quotes ](https://sms4smile.com/quotes/about/economists/paul-krugman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b016/author-ludwig-von-mises-61872.jpg) Ludwig von Mises 5 quotes ](https://sms4smile.com/quotes/about/economists/ludwig-von-mises/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b015/author-kenneth-e-boulding-56467.jpg) Kenneth E. Boulding 5 quotes ](https://sms4smile.com/quotes/about/economists/kenneth-e-boulding/) ## More by Paul Ormerod > [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…](https://sms4smile.com/quotes/paul-ormerod/the-second-part-of-the-new-right-s-policy-package-has-been-the-belief/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the…](https://sms4smile.com/quotes/paul-ormerod/keynes-tried-to-show-that-market-economies-could-settle-in/) [Paul Ormerod](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-ormerod/the-linear-mechanistic-view-of-the-world-which-pervades-orthodox/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral…](https://sms4smile.com/quotes/paul-ormerod/but-adam-smith-was-a-philosopher-as-well-as-well-as-an-economist/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.](https://sms4smile.com/quotes/paul-ormerod/the-behavior-of-the-economy-as-a-whole-at-the-aggregate-macro-level/) [Paul Ormerod](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-ormerod/we-need-to-abandon-the-economist-s-notion-of-the-economy-as-a-machine/) [Paul Ormerod](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-ormerod/in-most-western-economies-the-general-relationship-is-not-in-fact/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to comply with…](https://sms4smile.com/quotes/paul-ormerod/the-obstacles-facing-academic-economists-are-formidable-for-tenure/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.](https://sms4smile.com/quotes/paul-ormerod/once-the-true-relationship-between-inflation-and-unemployment-is/) [Paul Ormerod](https://sms4smile.com/quotes/author/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 the…](https://sms4smile.com/quotes/paul-ormerod/many-europeans-while-admiring-the-strength-and-power-of-the-american/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.](https://sms4smile.com/quotes/paul-ormerod/by-any-reasonable-criteria-the-discipline-of-economics-as-a-whole-in/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The model of competitive equilibrium which has been discussed so far is set in a timeless environment. People and companies all operate in a…](https://sms4smile.com/quotes/paul-ormerod/the-model-of-competitive-equilibrium-which-has-been-discussed-so-far/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.](https://sms4smile.com/quotes/paul-ormerod/the-temptation-to-use-mathematics-is-irresistible-for-economists-it/) [Paul Ormerod](https://sms4smile.com/quotes/author/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?’…](https://sms4smile.com/quotes/paul-ormerod/i-am-often-asked-by-would-be-entrepreneurs-seeking-escape-from-life/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee…](https://sms4smile.com/quotes/paul-ormerod/books-proliferate-and-occasionally-sell-in-very-large-numbers-which/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economists/paul-ormerod/#itemlist", "name": "3 Economists Quotes By Paul Ormerod", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Paul Ormerod" }, "url": "https://sms4smile.com/quotes/paul-ormerod/the-obstacles-facing-academic-economists-are-formidable-for-tenure/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4b6/paul-ormerod-27778_academic_the-obstacles-facing-academic-economists_1505087.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4b6/paul-ormerod-27778_academic_the-obstacles-facing-academic-economists_1505087.jpg", "url": "https://sms4smile.com/quotes/i/4b6/paul-ormerod-27778_academic_the-obstacles-facing-academic-economists_1505087.jpg", "width": 1080, "height": 1080, "caption": "“The obstacles facing academic economists are formidable, for tenure and professional advancement still…” — Paul Ormerod", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "The temptation to use mathematics is irresistible for economists. 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