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Paul Romer

Peter Day talks to Paul Romer who believes ideas turn economics into an optimistic science.

Peter Day encounters Paul Romer, senior fellow in the Stanford Institute for Economic Policy Research, and who twelve years ago the news magazine Time named as one of the 25 most influential people in the USA.

Conventional economics is the so-called dismal science, dominated by the law of diminishing returns where businesses compete with each other into their ultimate extinction, but Paul Romer believes ideas turn economics into an optimistic science.

Here he also about the need to build new cities to accommodate a growing world population in better conditions than we have managed up to now, developing new rules, laws and norms for urban life.

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25 minutes

Last on

Sat 24 Oct 2009 13:05GMT


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