Paul Romer

Inquire About This Speaker

Nobel Laureate Economist and World-renowned Authority on Leveraging Technology and Innovation to Drive Long-Term Growth; Pioneer of Endogenous Growth Theory and Leading Advocate for Charter Cities; Senior Fellow, Marron Institute of Urban Management; COVID-19 Economic Policy Advisor; Former Chief Economist and Senior Vice President of the World Bank; Professor of Economics and Law, New York University

Biography

In the current climate of economic upheaval, organizations are finding a much needed sense of direction and optimism in Nobel Laureate economist Paul Romer’s practical and instructive advice. His surprising message? The future is not as bleak as it seems.

Romer, a New York University professor who pioneered the endogenous growth theory, is a former Chief Economist and Senior Vice President of the World Bank. A self-proclaimed policy entrepreneur, he advises business and government leaders in sectors across the world on ways to leverage technology and innovation to build long-term growth.

While Romer has recently been focusing on solutions to the pandemic-induced economic slide, his steadfast belief in a stronger economic future beyond the crisis remains firmly rooted in the promise of existing and emerging technological advances that will equitably serve the interests of businesses, countries and communities.

Romer says governments can increase the rate of growth — in ways that benefit all citizens — by creating systems of rules that encourage and respond to new technologies.

“For a developing country, the most important rules are those that determine the rate of technology transfer from the rest of the world,” says Romer. “For an advanced economy, the most important rules may be the ones that influence the rate of technological innovation in the private sector.”

A Senior Fellow at the Marron Institute of Urban Management and a leading advocate for charter cities — special reform zones where governments can apply innovative systems of rules that can differ markedly from those in the surrounding area – Romer says the most important rules are those that shape cities. The New Growth Theory he and his colleagues developed outlines a new way to think about wealth creation that gives government leaders more options for improving governance, investors more opportunities to finance socially beneficial infrastructure projects, and people more opportunities to improve the quality of their lives.

In its 2019 review of Romer’s Nobel Prize-winning theory, the Scandinavian Journal of Economics said his work “rejuvenated the field” by placing the search for new ideas by profit-maximizing entrepreneurs and researchers at the heart of economic growth. The article went on to praise the underlying premise of his theory: that nonrivalry of ideas is ultimately responsible for the rise in living standards over time.

Economic Solutions to COVID-19

As the pandemic took hold in America in March 2020, Romer immediately began campaigning for a mass testing and isolation plan to save lives and the economy. He was featured in dozens of media interviews, wrote to policy makers – from the White House to local governors – and finally took out an ad in the New York Times. As an example, he pointed to how Wuhan, China’s aggressive testing and isolation strategy allowed the government to quickly contain the virus and get life and the economy back on track. Though the White House continued to push back, to the peril of its citizens, Romer remained undaunted.

Globalization, Foreign Trade and Keeping America Competitive

Even as frictions related to globalization threaten foreign trade and America’s ability to compete, Romer remains remarkably optimistic on this front as well. Drawing on his Nobel Prize-winning research on technological innovation, he makes a compelling case for why the best is yet to come, and how the trends that have enabled the current challenges can be harnessed to create future opportunities.

“It really is [about] the global macroeconomics of the tension between the restraining force of scarce resources and the positive force that can come from discovery and innovation,” he remarked during his Nobel Prize acceptance speech. “It’s the balance of these two that will determine our fate.”

# # #

Nobel Prize Laureate and New York University Professor of Economics and Law Paul Romer is a globally recognized leader in his field. Named one of America’s 25 most influential people by TIME magazine, Romer is the leading speaker on the connection between regulation, innovation and growth. He is founder of NYU’s Urbanization Project and serves on the board of trustees for the Carnegie Endowment for the Advancement of Teaching. He is also a member of the board of directors for Community Solutions, a national not-for-profit organization dedicated to strengthening communities and ending homelessness. As an entrepreneur, he and his team at Aplia pioneered the connection between online tools and higher education.

Paul Romer is available to advise your organization via virtual and in-person consulting meetings, interactive workshops and customized keynotes through the exclusive representation of Stern Speakers, a division of Stern Strategy Group®.

Videos

Books & Research

Media

China Investment Should Follow Westphalian Principles (Video)

January 28, 2021

China’s Coronavirus Success Shows it Has Caught Up with West in Some Areas of Innovation, Nobel Laureate Paul Romer Says

January 18, 2021

“If You Think Moderation is Censorship, You’ve Got a Competition Problem”

January 15, 2021

Paul Romer: “I Figured Out How to Get Myself Fired From the World Bank.” (People I (Mostly) Admire, Ep. 11)

January 8, 2021

A Nobel Laureate's Optimistic Outlook

January 5, 2021

MIT Technology Review logo

Fair Value? Fixing the Data Economy

December 3, 2020

White House Opposes Expanded Virus Testing, Complicating Stimulus Talks

October 16, 2020

U.S. Has Too Few COVID Tests, Not Spending Enough on Creating New Tests: Nobel Prize-Winning Economist

July 30, 2020

More Testing Could Enable a Safe Return to School, Economist Says (Video starts at 2:50)

July 13, 2020

Economist Paul Romer: To Save American Jobs, We Must Bring Virus to ‘Screeching Halt’

July 2, 2020

Nobel Prize-Winning Economist Explains Why the Jobs Report Under-Represents Virus's Economic Damage (Video)

July 2, 2020

BBC World Service Radio "Newshour" (Audio, start at 31:15)

June 30, 2020

US Needs Large-Scale Covid Testing Urgently: Nobel Winning Economist Paul Romer

June 28, 2020

National COVID-19 Testing: A Roadmap to Reopening? (Audio)

June 22, 2020

The hill logo

Eyes on the Prize: Testing to End the Coronavirus Lockdown

June 15, 2020

Paul Romer on a Culture of Science and Working Hard

May 20, 2020

Outcome of Coronavirus 'Likely to Be Worse Than Great Depression of 1930's - Economist Paul Romer (Video)

May 18, 2020

What's the Key to U.S. Economic Recovery? Testing, Says This Nobel Prize Winner

May 14, 2020

Mass Testing to Save the USA

May 9, 2020

U.S. Coronavirus Testing Still Falls Short. How's Your State Doing? (Audio)

May 7, 2020

Vox Logo

Should We Bother Testing People With Coronavirus Symptoms

May 7, 2020

There Is Still No Plan

May 7, 2020

Republicans Buck Trump, Side With Democrats on Aid for "Mismanaged" Cities, States

May 6, 2020

Paul Romer's Case for Nationwide Coronavirus Testing

May 3, 2020

Hear Nobel Prize Winner's Bold Plan to Reopen Economy (Video)

April 30, 2020

How to Get Millions of People to Take Coronavirus Tests and Stay Home If They're Positive

April 30, 2020

Nobel Prize Winning Economist Calling for $100 Billion Testing Plan to Reopen Economy (Video)

April 28, 2020

Washington Post logo

The Only Way to Get Back to Normal This Summer is to Test Everyone in the United Sates, Nobel Prize-Winning Economist Says

April 27, 2020

Economist Paul Romer's Roadmap to Responsibly Reopen America (Audio)

April 24, 2020

Ex-World Bank Economist Pushes $100B Plan to Test Everyone in US Every 2 Weeks For Coronavirus

April 24, 2020

Why the American Economy Can't Reopen Without Widespread Coronavirus Testing (Audio)

April 23, 2020

Famed Economist Writes $100B Coronavirus Plan to Test All Americans

April 23, 2020

Paul Romer: "We are Going to Have to Live With The Coronavirus Forever"

April 19, 2020

Economist: Mass Testing is Key to Reopening America (Video)

April 23, 2020

National COVID-19 Testing Action Plan

April 21, 2020

The Atlantic logo

Without More Tests, American Can't Reopen

April 18, 2020

There is No Panacea for the Coronavirus

April 18, 2020

Only a Monumental Effort of Political Imagination Can End Lockdown

April 17, 2020

A £1 Billion Reward to Process 10m Coronavirus Tests a Day? Nobel Prize-winning Economist Says Labs Should Be Given Cash Incentive

April 15, 2020

Lesson From Singapore: Why We May Need to Think Bigger

April 14, 2020

CNN logo

When Can the US Re-Open? (Video)

April 13, 2020

Impact of Testing in Reopening US Economy Amid Coronvirus Pandemic (Video)

April 12, 2020

What is the Path Forward to Return to Work? (Audio)

April 12, 2020

Nobel Prize Winner: We Should be Testing 30 Million for COVID-19 Daily

April 10, 2020

How Testing Will Help Us Get Back to Regular Life (Audio)

April 10, 2020

Massive Testing Program Could Hold Keys to Ending Coronavirus Crisis

April 8, 2020

Stop COVID or Save the Economy? We Can Do Both

April 8, 2020

How and When to Restart the Economy: A Webinar with Nobel Laureate Paul Romer

April 7, 2020

Wall Street Journal logo

Testing is Our Way Out

April 2, 2020

A Nobel Prize Winner’s Suggestion for Fixing the Economy (Audio)

March 31, 2020

The Case for More Federal Action to Combat COVID-19

March 31, 2020

Wall Street Journal logo

Price Gouging

March 30, 2020

What is the Economic Cost of Social Distancing (Audio)

March 28, 2020

A Way to Save Both Lives and the Economy During the COVID-19 Pandemic (Audio)

March 26, 2020

Will Our Economy Die from Coronavirus?

March 23, 2020

The Dismal Kingdom - Do Economists Have Too Much Power

March/April 2020

Paul Romer: Ideas, Nonrivalry, and Endogenous Growth

2019 Issue

Interview on Urbanization, Charter Cities and Growth Theory

2019

A Nobel-Winning Economist Goes to Burning Man

September 5, 2019

A Tax That Could Fix Big Tech

May 6, 2019

Nobel Laureate Paul Romer: The Path to Economic Growth and Innovation

November 19, 2018

Economist Paul Romer Just Won the Nobel Prize in Economics - and his Ideas Sound like the Backbone of Bill Gates' Philanthropy Playbook

October 8, 2018

The Trouble with Macroeconomics

September 14, 2016

A-Z Name

Romer, Paul

Biography

In the current climate of economic upheaval, organizations are finding a much needed sense of direction and optimism in Nobel Laureate economist Paul Romer’s practical and instructive advice. His surprising message? The future is not as bleak as it seems.

Romer, a New York University professor who pioneered the endogenous growth theory, is a former Chief Economist and Senior Vice President of the World Bank. A self-proclaimed policy entrepreneur, he advises business and government leaders in sectors across the world on ways to leverage technology and innovation to build long-term growth.

While Romer has recently been focusing on solutions to the pandemic-induced economic slide, his steadfast belief in a stronger economic future beyond the crisis remains firmly rooted in the promise of existing and emerging technological advances that will equitably serve the interests of businesses, countries and communities.

Romer says governments can increase the rate of growth — in ways that benefit all citizens — by creating systems of rules that encourage and respond to new technologies.

“For a developing country, the most important rules are those that determine the rate of technology transfer from the rest of the world,” says Romer. “For an advanced economy, the most important rules may be the ones that influence the rate of technological innovation in the private sector.”

A Senior Fellow at the Marron Institute of Urban Management and a leading advocate for charter cities — special reform zones where governments can apply innovative systems of rules that can differ markedly from those in the surrounding area – Romer says the most important rules are those that shape cities. The New Growth Theory he and his colleagues developed outlines a new way to think about wealth creation that gives government leaders more options for improving governance, investors more opportunities to finance socially beneficial infrastructure projects, and people more opportunities to improve the quality of their lives.

In its 2019 review of Romer’s Nobel Prize-winning theory, the Scandinavian Journal of Economics said his work “rejuvenated the field” by placing the search for new ideas by profit-maximizing entrepreneurs and researchers at the heart of economic growth. The article went on to praise the underlying premise of his theory: that nonrivalry of ideas is ultimately responsible for the rise in living standards over time.

Economic Solutions to COVID-19

As the pandemic took hold in America in March 2020, Romer immediately began campaigning for a mass testing and isolation plan to save lives and the economy. He was featured in dozens of media interviews, wrote to policy makers – from the White House to local governors – and finally took out an ad in the New York Times. As an example, he pointed to how Wuhan, China’s aggressive testing and isolation strategy allowed the government to quickly contain the virus and get life and the economy back on track. Though the White House continued to push back, to the peril of its citizens, Romer remained undaunted.

Globalization, Foreign Trade and Keeping America Competitive

Even as frictions related to globalization threaten foreign trade and America’s ability to compete, Romer remains remarkably optimistic on this front as well. Drawing on his Nobel Prize-winning research on technological innovation, he makes a compelling case for why the best is yet to come, and how the trends that have enabled the current challenges can be harnessed to create future opportunities.

“It really is [about] the global macroeconomics of the tension between the restraining force of scarce resources and the positive force that can come from discovery and innovation,” he remarked during his Nobel Prize acceptance speech. “It’s the balance of these two that will determine our fate.”

# # #

Nobel Prize Laureate and New York University Professor of Economics and Law Paul Romer is a globally recognized leader in his field. Named one of America’s 25 most influential people by TIME magazine, Romer is the leading speaker on the connection between regulation, innovation and growth. He is founder of NYU’s Urbanization Project and serves on the board of trustees for the Carnegie Endowment for the Advancement of Teaching. He is also a member of the board of directors for Community Solutions, a national not-for-profit organization dedicated to strengthening communities and ending homelessness. As an entrepreneur, he and his team at Aplia pioneered the connection between online tools and higher education.

Paul Romer is available to advise your organization via virtual and in-person consulting meetings, interactive workshops and customized keynotes through the exclusive representation of Stern Speakers, a division of Stern Strategy Group®.

Speech Topics

Economic Recovery in the COVID-19 Era

As the pandemic continues to weaken economies in every country, there has been some confusion about whether America is in an economic recession or depression. The answer would depend on who you talk to and what industry they are in, since, as we have seen, some sectors (shipping, tech, e-commerce) have seen an uptick in business as a result of the pandemic. But what about those who have suffered deep losses – mainly small businesses and individuals? Had the White House acted on Professor Romer’s repeated calls for mass testing and isolation as soon as the pandemic hit in March 2020, the loss of jobs and lives would have been significantly reduced; but that advice was ignored. While it will be a long road, Professor Romer does see a way out. In this presentation, he explains how innovation and experimentation will lead to solutions and ways we can better respond to future disruptions.

How Leaders Can Fuel Growth in a World with Finite Resources

The most important insight from economics is that progress is a race to discover new ideas that free us from the constraints imposed by scarce resources. For the last 10,000 years, new ideas have been winning the race and humans have made dramatic progress. Professor Romer says resources are like the ingredients in cooking, ideas are the recipes and progress is the result of millions of small ideas discovered by people working all over the world, some in research, others in the workplace. In this keynote, Professor Romer will discuss the important role leaders and educators can play as guardians and defenders of innovation and experimentation. He’ll explain why it is important to stay open to new ideas from people of all ages and backgrounds, and to be willing to boldly implement ideas that may be outside their comfort zones. If a nation has a market system that encourages an ongoing process of discovery, says Romer, it will make progress that raises the quality of life for everyone.

How Did We Get Here? Living, Innovating and Governing in a Globalized World

Why is populism rising? Why are we facing a new era of trade friction? How can countries cooperate in the face of intense nationalism? In this presentation, Professor Paul Romer draws on his work as a leading global economist – including his research on technological innovation that earned him his Nobel Prize – to address the most important macro trends and challenges facing globally minded leaders today. By showing how trends that enabled the current challenges can be harnessed to create future opportunities and improve the lives of citizens, Romer makes a compelling and optimistic case for why the best is yet to come.

Ensuring America Stays Competitive

In an era of growing divisions, mistrust and inflammatory rhetoric, Professor Paul Romer rises above politics, offering his macro perspective on what the U.S. can and should do to compete with other nations, recognizing that the most successful outcomes can be beneficial for all parties. Focusing on opportunities for growth and innovation across the country, he addresses how updating our thinking on competition can unlock new progress in everything from innovation and business to economic development and education; how redefining our nation’s relationships with innovators and scientists is critical to solving big problems; and how we can leverage the things we can all agree on to continue the grand experiment that is America – regardless of the challenges posed from outside or within.

Cities: Humanity’s Best Hope for Progress

Supreme Court Justice Louis Brandeis once said that states are the laboratories of democracy. In this presentation, Professor Paul Romer lays out his case for why cities are the laboratories of progress in an era of rapid urbanization. He focuses on how cities can attract new residents, how city-scale real estate development can redefine what’s possible for the future of humanity, and what can be done now to unlock untold progress in the hundreds of soon-to-be mega cities that are rapidly emerging. This speech will address key areas of progress cities are uniquely poised to unlock, including timely issues like migration, technological innovation and identity.

The Deep Structure of Economic Growth

The temporary recessions of the global economy seem to be inevitable, but unlimited growth is possible in a world with finite resources. In this compelling presentation, Nobel Prize recipient Paul Romer discusses the current state of the global economy, what has led us to the status quo and how the United States and the rest of world can select a path of economic growth long into the future. He also explains how both domestic and international markets and policy shape the economy.

The Path to Prominence: China and U.S. Relations Yesterday, Today and Tomorrow

China and the United States will share the world stage for generations to come. China’s path to progress and growth in the 20th century was a remarkable turnaround and the current era’s trade frictions are a sign of deeper misunderstandings in this relationship. In this keynote, Professor Paul Romer highlights the innovations that enabled China’s return to global prominence and explains how these two superpowers can shape their interactions and leverage their competition in ways that benefit everyone involved.

Media

Array

Social Media

Similar Speakers

Array