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Paul Romer
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http://www.stanford.edu/~promer/
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Economics, Econometrics
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Paul M. Romer is the STANCO 25 Professor of Economics in the Graduate School of Business at Stanford University and a Senior Fellow of the Hoover Institution.
Romer was the lead developer of "new growth theory." This body of work, which grew out of Romer's 1983 Ph.D. thesis, provides a better foundation for business and government thinking about the dynamics of wealth creation. It addresses one of the oldest questions in economics: What sustains economic growth in a physical world characterized by diminishing returns and scarcity? It also sheds new light on current economic issues. Among these, Romer is currently studying how government policy affects innovation and how faster technological change might influence asset prices.
Paul Romer was named one of America's 25 most influential people by Time magazine in 1997. He was recently elected a fellow of the American Academy of Arts and Sciences (2000). He is also a fellow of the Econometric Society and a research associate with the National Bureau of Economic Research. He was also a member of the National Research Council Panel on Criteria for Federal Support of Research and Development (1995), a member of the Executive Council of the American Economics Association, and a fellow of the Center for Advanced Study in the Behavioral Sciences. Before coming to Stanford, Romer was a professor of economics at the University of California at Berkeley and the University of Chicago.
His papers include "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?" (NBER Working Paper 7723, May 2000); "Growth Cycles," with George Evans and Seppo Honkapojha (American Economic Review, June 1998); "Science, Economic Growth and Public Policy" (in B. Smith and C. Barfield, eds., Technology, R&D, and the Economy, Brookings Institution and American Enterprise Institute, 1996); "Endogenous Technological Change" (Journal of Political Economy, October 1990); and "Increasing Returns and Long Run Growth" (Journal of Political Economy, October 1986). He is also the author of several popular articles describing the role of technology and growth.
Romer holds a Ph.D. in economics from the University of Chicago (1983), and also studied math, physics, and economics at the University of Chicago and MIT. He and his wife, Virginia Langmuir, MD, live in Portola Valley, CA, and have two children. |
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