1. Paul Michael Romer was born on November 6,1955 and is an American economist and policy entrepreneur who is a University Professor in Economics at Boston College.
16 Facts About Paul Romer
1. 2.
Paul Romer coined the term "mathiness," which he describes as misuse of mathematics in economic research.
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Paul Romer took leave from his position as professor of economics at NYU when he joined the World Bank, and returned to NYU after his term.
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Paul Romer was born to former Colorado governor Roy Paul Romer and Beatrice "Bea" Miller.
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One of his brothers, Chris Paul Romer, is a former Colorado state senator.
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Paul Romer earned his Bachelor of Science in mathematics and a PhD in economics in 1983, both from the University of Chicago, after graduate studies at Massachusetts Institute of Technology from 1977 to 1979 and at Queen's University from 1979 to 1980.
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Paul Romer was named one of America's 25 most influential people by Time magazine in 1997, and he was awarded the Horst Claus Recktenwald Prize in Economics in 2002.
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Paul Romer taught at the University of Rochester, the University of Chicago, the University of California, Berkeley, Stanford University and New York University.
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Paul Romer temporarily left academia in 2001 to found Aplia, a company which produces online problem sets for college students.
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Paul Romer is credited with the quote "A crisis is a terrible thing to waste," which he said during a November 2004 venture-capitalist meeting in California.
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Paul Romer has attempted to replicate the success of charter cities and make them an engine of economic growth in developing countries.
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Paul Romer promoted this idea in a TED talk in 2009, and he has argued that with better rules and institutions less developed nations can be set on a different and better trajectory for growth.
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Paul Romer served as chair of a "transparency committee" but resigned in September 2012 when the Honduran government agency responsible for the project signed agreements with international developers without involvement of the committee.
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Paul Romer became World Bank Chief Economist in October 2016.
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Paul Romer solved this problem by demonstrating how economic forces govern the willingness of firms to produce new ideas and innovations.
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In June 2024,16 Nobel Prize in Economics laureates, including Paul Romer, signed an open letter arguing that Donald Trump's fiscal and trade policies coupled with efforts to limit the Federal Reserve's independence would reignite inflation in the United States.