Paul Romer

The general message is about a bigger global integrated economy is going to lead to faster growth, that policy could improve efficiency…

— Paul Romer

It is the job of government to prevent a tragedy of the commons. That includes the commons of shared values and norms…

— Paul Romer

There are many signs of the value created by all the exchange that takes place in a city. We see it in…

— Paul Romer

Once we admit that there is room for newness - that there are vastly more conceivable possibilities than realized outcomes - we…

— Paul Romer

What happens at the Fed, what Janet Yellen and the other people decide there, what happens in central banks in other parts…

— Paul Romer

I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain…

— Paul Romer

Existing antitrust law in the United States addresses mainly the harm from price gouging, not the other kinds of harm caused by…

— Paul Romer

A well-run city lets millions of people come together and enjoy the benefit they can get from working together and trading with…

— Paul Romer

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

There are new things we need to do in the labor market, in education, and in thinking about the future of energy…

— Paul Romer

The thing that was bad about colonialism, and the thing which is residually bad in some of our aid programs, is that…

— Paul Romer

If we collectively set our minds to improving technology of a particular type we can do that, and it takes some collective…

— Paul Romer

But when I think about, say, a pharmaceutical that might help keep my mind sharp in 20 years or 30 years, I…

— Paul Romer

Growth springs from better recipes, not just from more cooking.

— Paul Romer

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

From the very beginning, Americans have refused to tolerate unchecked power. We must now press our legislators to protect us from the…

— Paul Romer

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

Possibilities don't add up, they multiply.

— Paul Romer

We live in a much more interconnected world now, and that means that it's more fragile than we realize.

— Paul Romer

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

The gains from specialization go all the way back to Adam Smith. He talked about the advantage of a bigger market being…

— Paul Romer

So you could have a very institutionally well-developed economy that's still very low in terms of its technological success. That would be…

— Paul Romer

People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how…

— Paul Romer

Well, one of the things I should tell you is that if you look at the very long sweep of history what…

— Paul Romer

Since the fall of 2010, people associated with Charter Cities, a not-for-profit think tank that I founded, have been providing pro bono…

— Paul Romer