Jul

13

I like this quote of Paul Romer's:

"Every generation has underestimated the potential for finding new recipes and ideas. We consistently fail to grasp how many ideas remain to be discovered. Possibillites do not add up. They multiply."

Would have been great to have him at the Tyler Cowen talk.

Tyler Cowen writes: 

Over time Romer has come closer to my view. He did read my book and sent me some comments. I don't think he believes in "increasing returns" any more. I actually think Romer (the old Romer) is right about increasing returns, just over a longer time horizon, not over short horizons.

You should try inviting Bryan Caplan (linked is a good article of his) to speak.


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