Paul Romer
Definition
American economist (b. 1955), 2018 Nobel co-laureate. Foundational figure in endogenous growth theory — ideas have increasing returns.
Example
Romer's 1990 paper showed how R&D-driven knowledge can sustain growth indefinitely.
American economist (b. 1955), 2018 Nobel co-laureate. Foundational figure in endogenous growth theory — ideas have increasing returns.
Romer's 1990 paper showed how R&D-driven knowledge can sustain growth indefinitely.