Paul Romer Quotes (6 quotes) | Quotes of famous people

Paul Romer: 6 quotes 0 likes

Famous Paul Romer Quotes

“One problem today is that people think protecting the environment will be so costly and so hard that they want to ignore the problem and pretend it doesn’t exist. Humans are capable of amazing accomplishments if we set our minds to it.”

Paul Romer

At a news conference after the 2018 Nobel Memorial Prize in Economics announcement, as quoted in "2018 Nobel in Economics Is Awarded to William Nordhaus and Paul Romer" https://www.nytimes.com/2018/10/08/business/economic-science-nobel-prize.html The New York Times. October 8, 2018.

“Economic growth springs from better recipes, not just from more cooking. New recipes produce fewer unpleasant side effects and generate more economic value per unit of raw material.”

Paul Romer

As quoted in "World Bank confirms NYU's Romer as next chief economist" https://www.reuters.com/article/us-worldbank-economist-idUSKCN0ZZ05A Reuters. July 18, 2016.

“The question that I first asked was, why was progress... speeding up over time? It arises because of this special characteristic of an idea, which is if [a million people try] to discover something, if any one person finds it, everybody can use the idea.”

Paul Romer

After learning that he was one of two recipients of the 2018 Nobel Memorial Prize in Economic Sciences, as quoted in "Two Top U.S. Economists Win Nobel for Work on Growth and Climate: Research of William D. Nordhaus and Paul M. Romer has had immense impact on global policy making, the Academy says" https://www.wsj.com/articles/nobel-in-economics-goes-to-american-pair-1538992672 The Wall Street Journal. October 8, 2018.

“A crisis is a terrible thing to waste.”

Paul Romer

Discussing rapidly-increasing education levels and competition from countries outside of the United States in a 2004 venture capital meeting in California, as quoted in "A Terrible Thing to Waste." https://www.nytimes.com/2009/08/02/magazine/02FOB-onlanguage-t.html The New York Times Magazine. July 31, 2009.
About the quote: Even though Romer made this statement approximately four years before the 2008 Financial Crisis and the subsequent Great Recession, policy makers repeated the idea frequently during the Crisis and the Recession as a reminder that necessary economic and financial reforms which were previously politically impossible were now quite feasible. (See, for example, "A Crisis Is a Terrible Thing to Waste," https://ssir.org/articles/entry/a_crisis_is_a_terrible_thing_to_waste Stanford Social Innovation Review, July 21, 2010).

“Many people think that dealing with protecting the environment will be so costly and so hard that they just want to ignore the problem. I hope the prize today could help everyone see that humans are capable of amazing accomplishments when we set about trying to do something.”

Paul Romer

At a news conference following the 2018 Nobel Memorial Prize in Economics announcement, as quoted in "2 Americans win econ Nobel for work on climate and growth" https://www.apnews.com/c3e7552c033748e683d502d890613b8b Associated Press. October 8, 2018.