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{{short description|British economist (born 1950)}}
{{short description|British economist (born 1950)}}
{{EngvarB|date=December 2015}}
{{EngvarB|date=December 2015}}
{{Use dmy dates|date=December 2015}}'''Paul Andrew Ormerod''' (born 20 March 1950) is a British [[economist]] who is a partner at Volterra Partners consultancy. Additionally, he is a visiting professor at [[University College London|UCL Centre for Decision Making Uncertainty]].<ref name=VP /><ref name=CityAM27May2014 />
{{Use dmy dates|date=December 2015}}'''Paul Andrew Ormerod''' (born 20 March 1950) is a British [[economist]] who is a partner at Volterra Partners consultancy. Additionally, he is a visiting professor at [[University College London|UCL Centre for Decision Making Uncertainty]].<ref name="CityAM27May2014" />


==Research==
==Research==
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==Biography==
==Biography==
Paul Ormerod is a British economist who has worked in a wide variety of fields.
Ormerod was born in [[Rochdale]]. After leaving [[Manchester Grammar School]], he completed his [[undergraduate]] economic studies at [[Christ's College, Cambridge]], and his [[postgraduate]] studies at [[St Catherine's College, Oxford]], for which he was awarded a [[Master of Philosophy|Master of Philosophy (MPhil)]] in economics. Upon graduation he worked as a forecaster at the [[National Institute of Economic and Social Research]].


He is a founder of the economics consultancy Volterra Partners LLP, and remains a partner.  
In 1994, his book ''The Death of Economics'' was released. The book criticised mainstream economic practice, and made suggestions for reform.


Academically, in the 1980s and 1990s he was a visiting professor of economics at Queen Mary, University of London, and the University of Manchester.  Paul was a Distinguished Fellow, Institute of Advanced Study, University of Durham, 2007/08 and a visiting professor in the Anthropology Department at Durham 2010-2013. In 2009 he was awarded a DSc honoris causa by the University of Durham “for the distinction of your contribution to the discipline of economics”.  From 2013 to 2018 he was a visiting professor in the Centre for Decision Making Uncertainty at University College London (UCL), and from 2018 he has been a visiting professor in the computer science department at UCL.  In 2006 he was elected a Fellow of the [[Academy of Social Sciences]].
He has founded several companies including the Henley Centre and Volterra Partners. The Henley Centre was later sold to a [[FTSE100]] company. Volterra Partners was founded in 1998 with [[Bridget Rosewell (economist)|Bridget Rosewell]] and he has remained a partner as of December 2015.<ref name=VP /><ref name=Durham />


Since 2013, Ormerod has written a weekly column for the newspaper ''[[City AM]]''  and a selection of his pieces was published in 2018 under the title A''gainst the Grain: Insights from an Economic Contrarian''.
He is the President of [[Rochdale Hornets]] RLFC.<ref name="Hornets">{{cite web | url=http://www.hornetsrugbyleague.co.uk/Page/Content/1898 | title=Elected Director – President | publisher=Rochdale Hornets RFLC | work=Rochdale Hornets Board of Directors | accessdate=11 December 2015}}</ref>


In 2020 he was appointed as chair of the Rochdale Development Agency, the economic development arm of Rochdale Metropolitan Borough Council.  In the autumn of 2022 he was appointed chair of Atom Valley Greater Manchester Mayoral Development Zone.  Atom Valley is the inspiration of [[Greater Manchester Mayor]] [[Andy Burnham]], and is an ambitious project to revive the poor boroughs of the north and east of the Greater Manchester city-region by developing a mega-cluster of manufacturing innovation.
He was interviewed for the BBC's documentary ''High Anxieties – The Mathematics of Chaos''.<ref name=Youtube /> The video, directed by [[David Malone (independent filmmaker)|David Malone]], was about unpredictability in the economy and the environment.


Rochdale is Paul’s home town and he is President of [[Rochdale Hornets|Rochdale Hornets Rugby League Football Club]].
Ormerod was the [[Labour Party (UK)|Labour Party]] candidate for [[Huntingdonshire (UK Parliament constituency)|Huntingdonshire]] in the [[February 1974 United Kingdom general election|February 1974 General Election]].<ref name=craig2>[[F. W. S. Craig| Craig, F W S]] (1971), ''British Parliamentary Election Results, 1950-1970.'' Chichester: Parliamentary Research Services.</ref> A Eurosceptic, in the 1990s he was a member of the Labour Euro Safeguards Campaign. He is a supporter of [[Brexit]].


He read economics as an undergraduate at the University of Cambridge, and took the [[Master of Philosophy|MPhil]] in economics at the University of Oxford.
==Opinions==
He believes [[Hydraulic Fracturing#Shales|shale fracking]] should not be opposed by environmentalists and that top-down measures are ineffective at reducing environmental harm.<ref name=CityAM27May2014 /> He has argued that [[capitalism]] and the profit motive have reduced global inequality.<ref name=CityAM13May2014 />


==Range of interests==
== Bibliography ==
Ormerod has worked extensively in the areas of complexity, agent based modelling and the application of machine learning techniques to both macro-economic data and the creation of macro-level emotions from text data. He has published in a very wide range of academic journals with many different collaborators.
Paul Ormerod has written several books, many articles and a blog. His books are:

* ''[[The Death of Economics]]'' (1994) St. Martin's Press {{ISBN|978-0-312-13464-8}}<ref name=Wiley />
== Books and monographs ==
⚫
* ''[[Butterfly Economics|Butterfly Economics: A New General Theory of Economic and Social Behaviour]]'' (1998) [[Faber and Faber]], 217 pp. {{ISBN|0-571-19005-7}}
Ormerod has published a number of books and monographs:
⚫
* ''[[Why Most Things Fail: Evolution, Extinction and Economics]]'' [[Faber & Faber]] (2005). pp.&nbsp;225, notes and index. {{ISBN|0-375-42405-9}}.

* ''Positive Linking: How Networks Can Revolutionise the World'' (2012).
* ''[[The Death of Economics]]'' (1994) St. Martin's Press {{ISBN|978-0-312-13464-8}}<ref>{{Cite web |title=The Death of Economics {{!}} Wiley |url=https://www.wiley.com/en-us/The+Death+of+Economics-p-9780471180005 |access-date=2023-06-21 |website=Wiley.com |language=en-us}}</ref>
⚫
* ''[[Butterfly Economics|Butterfly Economics: A New General Theory of Economic and Social Behaviour]]'' (1998) [[Faber and Faber]], 217 pp. {{ISBN|0-571-19005-7}}<ref>{{Cite book |last=Ormerod |first=Paul |title=Butterfly Economics: A New General Theory of Social and Economic Behavior |date=2000-01-01 |publisher=Pantheon Books |isbn=978-0-375-40765-9 |location=New York |language=English}}</ref>
⚫
* ''[[Why Most Things Fail: Evolution, Extinction and Economics]]'' [[Faber & Faber]] (2005). pp.&nbsp;225, notes and index. {{ISBN|0-375-42405-9}}.<ref>{{Cite web |title=Why Most Things Fail |url=https://www.faber.co.uk/product/9780571220137-why-most-things-fail/ |access-date=2023-06-21 |website=Faber |language=en-US}}</ref>
* ''Crime: Economic Incentives and Social Networks'', 2005, Institute of Economic Affairs, London<ref>{{Cite web |title=Crime: Economic Incentives and Social Networks |url=https://iea.org.uk/publications/research/crime-economic-incentives-and-social-networks/ |access-date=2023-06-21 |website=Institute of Economic Affairs |language=en-GB}}</ref>
* ''Economics, Happiness and Public Policy'', 2007, Institute of Economic Affairs, London<ref>{{Cite web |title=Happiness, Economics and Public Policy |url=https://iea.org.uk/publications/research/happiness-economics-and-public-policy/ |access-date=2023-06-21 |website=Institute of Economic Affairs |language=en-GB}}</ref>
* ''N Squared: Public Policy and the Power of Networks'', 2010,  Royal Society of Arts, London<ref>{{Cite web |date=2012-03-28 |title=Are networks/complexity the future of policymaking? (RSA event report) |url=https://www.thersa.org/blog/2012/03/are-networkscomplexity-the-future-of-policymaking-rsa-event-report |access-date=2023-06-21 |website=The RSA |language=en}}</ref>
* ''Positive Linking – How Networks Can Revolutionise the World,'' 2018, Faber and Faber<ref>{{Cite web |title=Positive Linking |url=https://www.faber.co.uk/product/9780571279203-positive-linking/ |access-date=2023-06-21 |website=Faber |language=en-US}}</ref>
* ''Against the Grain: Insights of an Economic Contrarian'', 2018, published by the IEA in conjunction with City AM<ref>{{Cite web |title=Against the Grain |url=https://iea.org.uk/publications/against-the-grain/ |access-date=2023-06-21 |website=Institute of Economic Affairs |language=en-GB}}</ref>


== See also ==
== See also ==
Line 34: Line 41:
== References ==
== References ==
{{reflist|refs=
{{reflist|refs=
⚫
<ref name="CityAM27May2014">{{cite news|title=Why environmentalists should embrace fracking – not sacrifice|url=http://www.cityam.com/article/1401217279/why-environmentalists-should-embrace-fracking-not-punishment|work=[[City AM]]|accessdate=11 December 2015}}</ref>
<ref name=Durham>{{cite web|url=http://www.dur.ac.uk/ias/fellows/0708fellows/paulormerod/

|title=Institute of Advanced Study: Paul Ormerod – Durham University|publisher=[[Durham University]]|accessdate=11 December 2015}}</ref>
⚫
<ref name=CityAM27May2014>{{cite news|title=Why environmentalists should embrace fracking – not sacrifice|url=http://www.cityam.com/article/1401217279/why-environmentalists-should-embrace-fracking-not-punishment|work=[[City AM]]|accessdate=11 December 2015}}</ref>
<ref name=CityAM13May2014>{{cite news|title=How the global economy became more equal – thanks to capitalism|url=http://www.cityam.com/article/1400000499/how-global-economy-became-more-equal-thanks-capitalism|author= Ormerod, Paul|work=[[City AM]]|accessdate=11 December 2015}}</ref>
<ref name=VP>{{cite web|title=About Us|url=http://volterra.co.uk/about-us/|publisher=Volterra Partners|accessdate=11 December 2015}}</ref>
<ref name=Youtube>{{cite web|title=High Anxieties – The Mathematics of Chaos|url=https://www.youtube.com/watch?v=qfp5tKeSQAc| archive-url=https://web.archive.org/web/20150502103740/https://www.youtube.com/watch?v=qfp5tKeSQAc| archive-date=2015-05-02 | url-status=dead|publisher=[[YouTube]]|accessdate=11 December 2015}}</ref>
<ref name=Wiley>{{cite web|title= The Death of Economics|url=http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471180009.html|publisher=Wiley}}</ref>
}}
}}


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* [http://www.paulormerod.com/ Official website: Paul Ormerod]
* [http://www.paulormerod.com/ Official website: Paul Ormerod]
* [http://www.volterra.co.uk/ Official website: Volterra Partners]
* [http://www.volterra.co.uk/ Official website: Volterra Partners]

<!-- In the years around 1970 he attended economy lectures at the University of Cambridge: see ''Why Most Things Fail'', 2010, p. 83-->



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[[Category:Labour Party (UK) parliamentary candidates]]
[[Category:Labour Party (UK) parliamentary candidates]]
[[Category:People from Rochdale]]
[[Category:People from Rochdale]]



{{UK-economist-stub}}
{{UK-economist-stub}}

Latest revision as of 17:19, 2 August 2024

Paul Andrew Ormerod (born 20 March 1950) is a British economist who is a partner at Volterra Partners consultancy. Additionally, he is a visiting professor at UCL Centre for Decision Making Uncertainty.[1]

Research

[edit]

Ormerod has researched complexity, complex systems, nonlinear feedback, the boom and bust cycle of business and economic competition. He uses a multidisciplinary approach, making use of biology, physics, mathematics, statistics and psychology as sources of results that can be applied to economics.[citation needed]

Biography

[edit]

Paul Ormerod is a British economist who has worked in a wide variety of fields.

He is a founder of the economics consultancy Volterra Partners LLP, and remains a partner.  

Academically, in the 1980s and 1990s he was a visiting professor of economics at Queen Mary, University of London, and the University of Manchester.  Paul was a Distinguished Fellow, Institute of Advanced Study, University of Durham, 2007/08 and a visiting professor in the Anthropology Department at Durham 2010-2013. In 2009 he was awarded a DSc honoris causa by the University of Durham “for the distinction of your contribution to the discipline of economics”.  From 2013 to 2018 he was a visiting professor in the Centre for Decision Making Uncertainty at University College London (UCL), and from 2018 he has been a visiting professor in the computer science department at UCL.  In 2006 he was elected a Fellow of the Academy of Social Sciences.

Since 2013, Ormerod has written a weekly column for the newspaper City AM  and a selection of his pieces was published in 2018 under the title Against the Grain: Insights from an Economic Contrarian.

In 2020 he was appointed as chair of the Rochdale Development Agency, the economic development arm of Rochdale Metropolitan Borough Council.  In the autumn of 2022 he was appointed chair of Atom Valley Greater Manchester Mayoral Development Zone.  Atom Valley is the inspiration of Greater Manchester Mayor Andy Burnham, and is an ambitious project to revive the poor boroughs of the north and east of the Greater Manchester city-region by developing a mega-cluster of manufacturing innovation.

Rochdale is Paul’s home town and he is President of Rochdale Hornets Rugby League Football Club.

He read economics as an undergraduate at the University of Cambridge, and took the MPhil in economics at the University of Oxford.

Range of interests

[edit]

Ormerod has worked extensively in the areas of complexity, agent based modelling and the application of machine learning techniques to both macro-economic data and the creation of macro-level emotions from text data. He has published in a very wide range of academic journals with many different collaborators.

Books and monographs

[edit]

Ormerod has published a number of books and monographs:

  • The Death of Economics (1994) St. Martin's Press ISBN 978-0-312-13464-8[2]
  • Butterfly Economics: A New General Theory of Economic and Social Behaviour (1998) Faber and Faber, 217 pp. ISBN 0-571-19005-7[3]
  • Why Most Things Fail: Evolution, Extinction and Economics Faber & Faber (2005). pp. 225, notes and index. ISBN 0-375-42405-9.[4]
  • Crime: Economic Incentives and Social Networks, 2005, Institute of Economic Affairs, London[5]
  • Economics, Happiness and Public Policy, 2007, Institute of Economic Affairs, London[6]
  • N Squared: Public Policy and the Power of Networks, 2010,  Royal Society of Arts, London[7]
  • Positive Linking – How Networks Can Revolutionise the World, 2018, Faber and Faber[8]
  • Against the Grain: Insights of an Economic Contrarian, 2018, published by the IEA in conjunction with City AM[9]

See also

[edit]

References

[edit]
  1. ^ "Why environmentalists should embrace fracking – not sacrifice". City AM. Retrieved 11 December 2015.
  2. ^ "The Death of Economics | Wiley". Wiley.com. Retrieved 21 June 2023.
  3. ^ Ormerod, Paul (1 January 2000). Butterfly Economics: A New General Theory of Social and Economic Behavior. New York: Pantheon Books. ISBN 978-0-375-40765-9.
  4. ^ "Why Most Things Fail". Faber. Retrieved 21 June 2023.
  5. ^ "Crime: Economic Incentives and Social Networks". Institute of Economic Affairs. Retrieved 21 June 2023.
  6. ^ "Happiness, Economics and Public Policy". Institute of Economic Affairs. Retrieved 21 June 2023.
  7. ^ "Are networks/complexity the future of policymaking? (RSA event report)". The RSA. 28 March 2012. Retrieved 21 June 2023.
  8. ^ "Positive Linking". Faber. Retrieved 21 June 2023.
  9. ^ "Against the Grain". Institute of Economic Affairs. Retrieved 21 June 2023.
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