Paul Romer

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World-renowned Authority on Economics and How Organizations Can Survive the COVID-19 Crisis; 2018 Nobel Laureate for Economic Sciences; University Professor, New York University

Biography

Paul Romer is an American economist, a pioneer of endogenous growth theory and a co-recipient of the 2018 Nobel Prize in Economic Sciences. He was Chief Economist and Senior Vice President of the World Bank until January 2018.

Romer, who has been writing extensively about the COVID-19 crisis and the economy, was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 “for integrating technological innovations into long-run macroeconomic analysis.” His work focused on innovation and the important role it plays in long-term economic growth. Romer’s research addresses one of the oldest questions in economics: What sustains economic growth in a physical world characterized by diminishing returns and scarcity? The answer: the rules societies establish to deal with advances in technology.

Romer argues 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. For an advanced economy, the most important rules may be the ones that influence the rate of technological innovation in the private sector.

Most important of all, however, are the rules that shape cities. Romer is the primary developer of New Growth Theory, which provides a fresh foundation for how businesses and governments think about wealth creation, and a leading advocate of charter cities — special reform zones where governments can apply innovative systems of rules that can differ markedly from those in the surrounding area. Charter cities give government leaders more options for improving governance, give investors more opportunities to finance socially beneficial infrastructure projects and give people more opportunities to improve the quality of their lives.

Already a globally recognized leader in this field, Romer continues to move it forward as the founder of NYU’s Urbanization Project. 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.

Romer has a background as an entrepreneur: his company Aplia pioneered the connection between online tools and higher education. He serves on the board of trustees for the Carnegie Endowment for the Advancement of Teaching. Romer 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.

Romer is the author of dozens of articles, including several popular articles describing the role of technology in growth. His work has appeared in such publications as The Economist, Forbes, The Fortune Encyclopedia of Economics, American Economic Review, European Economic Review and Journal of Political Economy.

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

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

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

A-Z Name

Romer, Paul

Biography

Paul Romer is an American economist, a pioneer of endogenous growth theory and a co-recipient of the 2018 Nobel Prize in Economic Sciences. He was Chief Economist and Senior Vice President of the World Bank until January 2018.

Romer, who has been writing extensively about the COVID-19 crisis and the economy, was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 “for integrating technological innovations into long-run macroeconomic analysis.” His work focused on innovation and the important role it plays in long-term economic growth. Romer’s research addresses one of the oldest questions in economics: What sustains economic growth in a physical world characterized by diminishing returns and scarcity? The answer: the rules societies establish to deal with advances in technology.

Romer argues 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. For an advanced economy, the most important rules may be the ones that influence the rate of technological innovation in the private sector.

Most important of all, however, are the rules that shape cities. Romer is the primary developer of New Growth Theory, which provides a fresh foundation for how businesses and governments think about wealth creation, and a leading advocate of charter cities — special reform zones where governments can apply innovative systems of rules that can differ markedly from those in the surrounding area. Charter cities give government leaders more options for improving governance, give investors more opportunities to finance socially beneficial infrastructure projects and give people more opportunities to improve the quality of their lives.

Already a globally recognized leader in this field, Romer continues to move it forward as the founder of NYU’s Urbanization Project. 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.

Romer has a background as an entrepreneur: his company Aplia pioneered the connection between online tools and higher education. He serves on the board of trustees for the Carnegie Endowment for the Advancement of Teaching. Romer 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.

Romer is the author of dozens of articles, including several popular articles describing the role of technology in growth. His work has appeared in such publications as The Economist, Forbes, The Fortune Encyclopedia of Economics, American Economic Review, European Economic Review and Journal of Political Economy.

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

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? How can governments improve the lives of their citizens despite these challenges? The speech will weave together Paul Romer’s work as an 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. Romer will provide a compelling and sobering yet optimistic 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.

Ensuring America Stays Competitive

In an era of rising division, mistrust and inflammatory rhetoric, this speech will rise above politics to offer an economist’s 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. The speech will focus on opportunities for growth and innovation across the country. Paul Romer will address 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 relationship to its 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, no matter 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 speech, Paul Romer will lay out the case for why cities are the laboratories of progress in an era of rapid urbanization. He will focus on how cities can and attract new residents, how city scale real estate development can redefine what’s possible for the future of humanity and what we can do now to unlock untold progress in the hundreds of soon-to-be mega cities rapidly emerging. The 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 both 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’s 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 speech, Paul Romer will share a clear-eyed understanding of the innovations that enabled China’s return to global prominence, and how these two superpowers can shape their interactions and share insights into the ways this competition can be structured to benefit everyone involved.

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