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 Image
For an investment banker, the choice between a payment that doubles with every square on the chessboard and one that doubles with… — Paul Romer Copy Share Image
The general message is about a bigger global integrated economy is going to lead to faster growth, that policy could improve efficiency… — 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
What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think… — Paul Romer Copy Share Image
If two firms join together, we want their total tax bill to go up because we don't want more big firms. We'd… — 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
The gains from specialization go all the way back to Adam Smith. He talked about the advantage of a bigger market being… — 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 Image
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 Image
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 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
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 Image
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 Image
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 Image
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 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 millions of… — 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 gas. In… — Paul Romer Copy Share Image
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 Image
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 Image
