Expert in Economics and Vice President of the World Bank, Nominated for a Nobel Prize in Economics
It was not the essential economic reality that changed, it was our heads!
Considered one of the 25 most influential people in America by TIME magazine, Paul Romer is one of the leading benchmarks in the world on Economic Growth.
This economic theorist, who many consider worthy of a Nobel Prize in Economics, is regularly quoted by top-flight gurus like Michael Porter or Paul Krugman and his theories on economic growth have changed the way that economists and politicians address macro-economic policy.
Paul Romer graduated from the University of Chicago, where he studied mathematics and physics, and in 1983, he got his PhD from the same university. He has taught at the University of Rochester and at the University of California at Berkeley. Since 1996, he has been Professor of Economics at the Stanford Graduate Business School.
Paul Romer considers that economic growth is driven by new ideas and technological advances. He is the precursor and one of the leading proponents of the “new theory of growth” in which intangible economic capital like new ideas, new methods, formulae or recipes, is introduced as the driver of economic growth. He called this change in the theory of economic growth the “Soft Revolution”.
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