Why Nobel Prize winner Paul Romer sees the economy as a "huge innovation discovery machine"

Oct 26, 2018
Paul Romer thinks the economy is about policy and innovation working together for the greater good.
New York University professor Paul Romer speaks at a news conference after being named a winner of the 2018 Nobel Memorial Prize in Economics with professor William D. Nordhaus of Yale University on Oct. 8, 2018 in New York City.

How Nobel Prize winner Paul Romer redefined economics

by
Oct 8, 2018
Economists comment on what makes Romer’s views unique.
“I’ve been really disappointed that we just haven’t had the kind of political environment where we can think about speeding up technological progress,” Paul Romer said Monday.
ERIC PIERMONT/AFP/Getty Images

Two Americans won the Nobel Prize in economics. Who are they?

The work of William Nordhaus focused on climate change, while Paul Romer examined tech factors in calculating economic growth.
Per Stroemberg, Goeran K Hansson and Per Krusell announce the laureates of the Nobel Prize in Economics during a press conference at The Royal Swedish Academy of Sciences in Stockholm on October 8, 2018. - The Nobel Prize for Economic sciences 2018 was awarded US economists Paul M Romer and William D Nordhaus. 
HENRIK MONTGOMERY/AFP/Getty Images

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