Books by Paul Ormerod
“This is the only book on my list that focuses on macroeconomics—the area of economics that looks at things like unemployment and inflation and the economy as a whole. Mostly macroeconomists are not thinking about the process of going to work or buying and selling stuff, they’re thinking about the big macro numbers that people talk about on TV. What I like about Ormerod is that he points out just how badly the profession has performed in this field.” Read more...
The best books on Learning Economics
John Quiggin, Economist
Butterfly Economics
by Paul Ormerod
Paul Ormerod is what you might call a heterodox economist. But his approach is one that mainstream economists ought to take very seriously. He uses the mathematics of complexity theory, which looks at non-linear relationships over time. Economics has tended to use linear relationships, because they’re easy to solve. This is a new kind of maths that dates back to the 70s, and has been used in the physical sciences and biology, and is now being adopted in economics.
Interviews where books by Paul Ormerod were recommended
The best books on Economics, the Soulful Science, recommended by Diane Coyle
British economist Diane Coyle argues that economics is not a dismal science, but a soulful one. She recommends a wide range of books illustrating how the discipline has flourished over the past two decades.
The best books on Learning Economics, recommended by John Quiggin
We live in a society where it’s vital to have a good grasp of economics, but that doesn’t mean you need an economics degree to understand what it’s all about. Australian economist John Quiggin, author of Economics in Two Lessons, recommends books for learning about economics, all accessible to the general reader, and tries to dispel some of the myths about what it is professional economists do.
