Paul Ormerod

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Paul Ormerod (born 1969), 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][2]


He has researched complexity, complex systems, nonlinear feedback, the boom and bust cycle of business and economic competition. Ormerod 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]


Ormerod 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 (MPhil) in economics. Upon graduation he worked as a forecaster at the National Institute of Economic and Social Research.

In 1994 his book The Death of Economics was released. The book criticized mainstream economic practice, and made suggestions for reform.

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 and he has remained a partner as of May 2014.[3][1]

He is currently the President of Rochdale Hornets RLFC.[citation needed]

He was interviewed for the BBC's documentary High Anxieties – The Mathematics of Chaos.[4] The video, directed by David Malone, was about unpredictability in the economy and the environment.


He believes shale fracking should not be opposed by environmentalists and that top-down measures are ineffective at reducing environmental harm.[2] He has argued that capitalism and the profit motive have reduced global inequality. [5]


Paul Ormerod has written several books, many articles and a blog. His books are:

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