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Paul Romer
9 quotes
“A crisis is a terrible thing to waste.”
Paul Romer (born 1955) first seen 2004 wikiquote, CC BY-SA 4.0 source
Recorded in: Discussing rapidly-increasing education levels and competition from countries outside of the United States in a 2004 venture capital meeting in California, as quoted in "A Terrible Thing to Waste." The New York Times Ma…
“We've maintained accelerating growth over time [in part because of] changes in our institutions. We have things like universities . . . patent laws, [and] research grants which have created incentives for those individuals [who develop innovations] to engage in more discovery. . . . [T]he rules of the game create incentives . . .”
Paul Romer (born 1955) first seen 2007 wikiquote, CC BY-SA 4.0 source
Recorded in: EconTalk podcast hosted by Russ Roberts. "Romer on Growth" (quote starts at 20 minutes, 02 seconds) Sponsored by Liberty Fund's Library of Economics and Liberty. Podcast release date: August 27, 2007.
“Presenting a model is like doing a card trick. Everybody knows that there will be some sleight of hand. There is no intent to deceive because no one takes it seriously. Perhaps our norms will soon be like those in professional magic; it will be impolite, perhaps even an ethical breach, to reveal how someone’s trick works.”
Paul Romer (born 1955) wikiquote, CC BY-SA 4.0 source
“Economic growth springs from better recipes, not just from more cooking. New recipes produce fewer unpleasant side effects and generate more economic value per unit of raw material.”
Paul Romer (born 1955) first seen 2016 wikiquote, CC BY-SA 4.0 source
Recorded in: As quoted in "World Bank confirms NYU's Romer as next chief economist" Reuters. July 18, 2016.
“The question that I first asked was, why was progress . . . speeding up over time? It arises because of this special characteristic of an idea, which is if [a million people try] to discover something, if any one person finds it, everybody can use the idea.”
Paul Romer (born 1955) first seen 2018 wikiquote, CC BY-SA 4.0 source
Recorded in: After learning that he was one of two recipients of the 2018 Nobel Memorial Prize in Economic Sciences, as quoted in "Two Top U.S. Economists Win Nobel for Work on Growth and Climate: Research of William D. Nordhaus and…
“Many people think that dealing with protecting the environment will be so costly and so hard that they just want to ignore the problem. I hope the prize today could help everyone see that humans are capable of amazing accomplishments when we set about trying to do something.”
Paul Romer (born 1955) first seen 2018 wikiquote, CC BY-SA 4.0 source
Recorded in: At a news conference following the 2018 Nobel Memorial Prize in Economics announcement, as quoted in "2 Americans win econ Nobel for work on climate and growth" Associated Press. October 8, 2018.
“The amazing thing about cities is that they're worth so much more than it costs to build them.”
Paul Romer (born 1955) first seen 2011 wikiquote, CC BY-SA 4.0 source
Recorded in: TED 2011 "The world's first charter city?
“First, a Charter City has to be big. Viable cities will have millions of residents, so a zone has to be big to accommodate them.”
Paul Romer (born 1955) wikiquote, CC BY-SA 4.0 source
“With a Startup City, you can propose something entirely new and let people choose whether they want to live under its rules, as embodied in its charter, the document that specifies its founding principles. People who want to try the reform can go there, and people who don’t, they don’t have to. With a startup, you can have reform without coercion.”
Paul Romer (born 1955) first seen 2015 wikiquote, CC BY-SA 4.0 source
Recorded in: Interview on Urbanization, Charter Cities and Growth Theory, iMoney interview (Apr 29, 2015)