Paul Ormerod is a Lancastrian economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

 who is currently researching complexity

Complexity

In general usage, complexity tends to be used to characterize something with many parts in intricate arrangement. The study of these complex linkages is the main goal of complex systems theory. In science there are at this time a number of approaches to characterizing complexity, many of which are...

, complex system

Complex system

A complex system is a system composed of interconnected parts that as a whole exhibit one or more properties not obvious from the properties of the individual parts....

s, nonlinear feedback

Feedback

Feedback describes the situation when output from an event or phenomenon in the past will influence an occurrence or occurrences of the same Feedback describes the situation when output from (or information about the result of) an event or phenomenon in the past will influence an occurrence or...

, the boom and bust

Boom and bust

A credit boom-bust cycle is an episode characterized by a sustained increase in several economics indicators followed by a sharp and rapid contraction. Commonly the boom is driven by a rapid expansion of credit to the private sector accompanied with rising prices of commodities and stock market index...

 cycle of business and economic competition. Ormerod uses a multidisciplinary approach, making use of biology

Biology

Biology is a natural science concerned with the study of life and living organisms, including their structure, function, growth, origin, evolution, distribution, and taxonomy. Biology is a vast subject containing many subdivisions, topics, and disciplines...

, physics

Physics

Physics is a natural science that involves the study of matter and its motion through spacetime, along with related concepts such as energy and force. More broadly, it is the general analysis of nature, conducted in order to understand how the universe behaves.Physics is one of the oldest academic...

, mathematics

Mathematics

Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...

, statistics

Statistics

Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....

 and psychology

Psychology

Psychology is the study of the mind and behavior. Its immediate goal is to understand individuals and groups by both establishing general principles and researching specific cases. For many, the ultimate goal of psychology is to benefit society...

 as sources of results that can be applied to economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

.

Biography

Ormerod completed his undergrad economic studies at Christ's College Cambridge and his postgrad studies at St Catherine's College Oxford, for which he was awarded a Master of Philosophy (MPhil)

Master of Philosophy

The Master of Philosophy is a postgraduate research degree.An M.Phil. is a lesser degree than a Doctor of Philosophy , but in many cases it is considered to be a more senior degree than a taught Master's degree, as it is often a thesis-only degree. In some instances, an M.Phil...

 in economics. Upon graduation he worked as a forecaster at the National Institute of Economic and Social Research. Later he founded several companies, first Henley Centre which was sold to a FTSE100 company and later Volterra Consulting, which he founded with Bridget Rosewell

Bridget Rosewell (economist)

Bridget Rosewell is a British economist. Her expertise includes economic development, transport and agglomeration economics, development evaluation, infrastructure, forecasting, industry dynamics and competition as well as policy analysis related to these areas.-Biography:Born in Wimbledon, England...

 and till today remains the director.

External links

• Homepage of Paul Ormerod
• The Death of Economics
• High Anxieties - The Mathematics of Chaos BBC4 Paul Ormerod was one of the principal interviewees in this BBC documentary directed by David Malone
  David Malone (independent filmmaker)
  David Malone, author of The Debt Generation, is also director of acclaimed documentaries on philosophy, science and religion originally broadcast in the UK by the BBC and Channel 4.-Work:Malone's work includes...
  
  about unpredictability in the economy and the environment