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By: Paul Ormerod

Paul Ormerod is an economist at Volterra Partners LLP, author and an Honorary Professor at the Alliance Business School at the University of Manchester

All 213 Articles
  • Edinburgh Fringe fame for a one woman show is proof of the randomness of celebrity

    August 9, 2023

    The world of the arts is one of inequalities: very few do extremely well, and most do badly. It's on show now at the Edinburgh Fringe, and it proves that celebrity is almost accidental, writes Paul Ormerod

  • The big beasts of banking, supermarkets and tech are behind our productivity slump

    July 20, 2023

    Big monopolies stifle innovation through their total control of market power and patents. We need to break this vicious cycle if we want our productivity back, writes Paul Ormerod

  • Even if the pandemic hadn’t happened, we would have all ended up working remotely

    July 12, 2023

    Working from home is not just here to stay, but the actual quantity of work which can be done from home will rise. Employees highly value remote work these days, writes Paul Ormerod

  • If politicians keep ignoring economists, our strategies will never be cost-effective

    July 5, 2023

    Politicians need to learn from some of the mistakes made during the pandemic and learn to include economists in the policy-making process, writes Paul Ormerod

  • Sunak should be modelling his fiscal rules on Clem Attlee’s, not Margaret Thatcher’s

    June 28, 2023

    Debt and inflation are nothing new, but economic conditions today are very different from the past. To get out of the current sandstorm, Sunak should follow the lessons of Clem Attlee writes Paul Ormerod

  • The Bank of England risked our economy by believing a Peter Pan myth on inflation

    June 21, 2023

    The Bank of England is failing to predict or control the high rate of inflation because ultimately, no one believes in its ability to correctly predict the course of the economy, writes Paul Ormerod

  • Our approach to energy prices shows we want climate policies only if they’re free

    June 14, 2023

    High energy prices could have been an incentive for companies to move to less energy intensive processes and for consumers to use less energy. The opposite happened, writes Paul Ormerod

  • It’s time the Bank of England rethinks monetary policy – and its own methods

    June 7, 2023

    The Bank of England bases its forecasts on conventional models. But when it comes to monetary policy, there are many approaches it should explore instead - particularly the narrative one, writes Paul Ormerod

  • Confusion is the keyword for UK bonds as financial markets’ confidence fades

    May 31, 2023

    Financial markets have the jitters on UK bonds - and this is partially the fault of government debt, and partially the fault of the country's lack of productivity, writes Paul Ormerod

  • Windfall taxes, like speeding fines, can’t be a plaster solution for losing tax revenue

    May 24, 2023

    Speeding fines are effectively becoming a tax for councils, a way to raise revenues. But it's a short-term fix for a long-term problem exactly like windfall taxes, writes Paul Ormerod

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