"I am convinced that both markets and free……" — Paul Romer

I am convinced that both markets and free trade are good, but… - Paul Romer
"I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are good, the one based on perfect competition and Pareto optimality, is becoming untenable. Something much more interesting and more complicated is going on here"

Paul Romer

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