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Never waste a crisis.
Paul Romer
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Paul Romer
Age: 69
Born: 1955
Born: November 6
Economist
Mathematician
Denver
Colorado
Paul Michael Romer
Paul Romer
Paul M Romer
Crisis
Waste
Never
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Human material existence is limited by ideas, not stuff, people don't need copper wires they need ways to communicate, oil was a contaminant, then it became a fuel
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Possibilities don't add up, they multiply.
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I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are good, the one based on perfect competition and Pareto optimality, is becoming untenable. Something much more interesting and more complicated is going on here
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