“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.”
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.
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Paul Romer6
American economist 1955Related quotes
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