Yeah, you know, there's a difference between the textbook world that economists like to imagine, and the real world where real people… — Paul Romer Copy Share Image
I'd rather live in a world where firms don't have these enormous incentives to spy on individuals. — Paul Romer Copy Share Image
We live in a much more interconnected world now, and that means that it's more fragile than we realize. — Paul Romer Copy Share Image
In a sense, Britain inadvertently, through its actions in Hong Kong, did more to reduce world poverty than all the aid programs… — Paul Romer Copy Share Image
But when I think about, say, a pharmaceutical that might help keep my mind sharp in 20 years or 30 years, I… — Paul Romer Copy Share Image
Yeah, but look, who really provided the world's information to everybody on Earth? That was Wikipedia, right? And if you're asking what… — Paul Romer Copy Share Image
What happens at the Fed, what Janet Yellen and the other people decide there, what happens in central banks in other parts… — Paul Romer Copy Share Image
Fracking is an amazing instance of discovery of many things that come together to make it much cheaper to extract oil and… — Paul Romer Copy Share Image
In the developing world, most people don't yet live in big well-run cities. Given the chance to move to one, hundreds of… — Paul Romer Copy Share Image
Once we admit that there is room for newness - that there are vastly more conceivable possibilities than realized outcomes - we… — Paul Romer Copy Share Image
Charter Cities has been approached in many different ways, by many people acting as individuals or as representatives of organizations. — Paul Romer Copy Share
For a nation, the choices that determine whether income doubles in one generation or two dwarf all other economic policy concerns. — Paul Romer Copy Share
Unfortunately, we don't have a bankruptcy process. Suppose the state actually just gets to the point where it cannot meet all of its promises… — Paul Romer Copy Share
I'd rather live in a world where firms don't have these enormous incentives to spy on individuals. — Paul Romer Copy Share
When we speak of institutions, economists mean more than just organizations. We mean conventions, even rules, about how things are done. — Paul Romer Copy Share
Good law includes a commitment to transparency and an insistence that no person or entity with a conflict of interest should have influence on… — Paul Romer Copy Share
No one from Charter Cities, can have any financial interest in any project in Honduras; no one can accept consulting fees from the Honduran… — Paul Romer Copy Share
In the 1950s, Hong Kong was a place where millions of people could go, from the mainland, to start in jobs like sewing shirts,… — Paul Romer Copy Share
In the developing world, most people don't yet live in big well-run cities. Given the chance to move to one, hundreds of millions of… — Paul Romer Copy Share
Fracking is an amazing instance of discovery of many things that come together to make it much cheaper to extract oil and gas. In… — Paul Romer Copy Share
My number-one recommendation is to invest in people. Humans that are well trained are the inputs into this discovery process. And there's big opportunities… — Paul Romer Copy Share
After 1960, anyone who wanted to discuss almost any aspect of U.S. public policy - from how to make cars safer to whether to… — Paul Romer Copy Share
The economy is this huge innovation discovery machine. What the government can do usefully is to focus some of that effort where things turn… — Paul Romer Copy Share
One of the most powerful insights in economics is this idea of a division of labor. You do the thing you're good at. Other… — Paul Romer Copy Share
If you go back to the really long-run questions that interested me, the big question was why, over the centuries, the millennia, has growth… — Paul Romer Copy Share
