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Paul Romer Is a Fount of Knowledge

Posted in Contemporary economics, History of economics Tagged with: , , , , ,

It was a newspaper feature story of a sort that has become fairly familiar, if rarely so well executed, and my physicist friend was enthusiastic about it.  “I love studies like this. Data on almost anything can be squeezed out of the most unlikely places. Clever data acquisition, analysis, and normalization to an ingeniously inferred control group. And in this case, the look-back period is 400 years and the ripple effects have continued for 250 years after the stimulus was removed.” As described by Washington Post reporter Andrew Van Dam, “The Mission: Human Capital Transmission, Economic Persistence, and Culture in