Paul M. Romer

Awards and Honors:
American Academy of Arts and Sciences
Econometric Society (elected fellow)

Paul M. Romer was formerly a senior fellow at the Hoover Institution

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Recent Commentary

In the News

Are There Too Many Wal-Mart Jobs, or Too Few?

by Paul M. Romervia Aplia Econ Blog
Wednesday, November 1, 2006

Policy proposals often address a problem that is visible. In many cases, there is a related problem that is not visible...

In the News

Slicker than Oil: The Debate Over California’s Proposition 87

by Paul M. Romervia Aplia Econ Blog
Wednesday, October 25, 2006

Proposition 87, a hotly contested measure on the ballot in California, nicely illustrates the key lessons about tax incidence--who actually pays a tax…

Fueling High-Tech Industries

by Paul M. Romervia Hoover Digest
Monday, April 30, 2001

Hoover fellow Paul M. Romer argues that our universities place far too much emphasis on preparing students for careers in academia and far too little on preparing them for careers in the private sector. He proposes a remedy.

Analysis and Commentary

Fueling High-tech Industries

by Paul M. Romervia Hoover Daily Report
Monday, October 16, 2000

Science and technology policy in the United States has emphasized Ph.D. training for future professors and neglected other kinds of training.

It’s All in Your Head

by Paul M. Romervia Hoover Digest
Saturday, January 30, 1999

Economists used to believe that economic growth arose from sudden, dramatic breakthroughs—the steam engine in the eighteenth century, the transistor in our own. Yet according to Hoover fellow Paul M. Romer, “this account gets things exactly backward.” The founder of New Growth Theory explains himself.

In the Beginning was the Transistor

by Paul M. Romervia Hoover Digest
Wednesday, April 30, 1997

According to most accounts, the invention of the transistor kicked off the high-tech revolution. Not exactly, argues Hoover fellow Paul M. Romer. The process of learning and discovery itself proved at least as important. A meditation on incentives and ideas.

Risk and Return

by Paul M. Romervia Hoover Digest
Tuesday, April 30, 1996

Economic growth does more than raise living standards; it calls forth the best in the human spirit. A meditation (including a good economist joke) by Hoover fellow Paul M. Romer.