Paul Romer in the early 1980’s was preparing to return to graduate school. The thesis he had decided up was quite interesting. He would build a new model of economic growth that was built upon falling costs, technological change as internal, and growth as something speeding up rather than slowing down.
This section didn’t really have much more than a brief description that he decided to do this. But as I read a little more into Paul Romer(the information can be found on the link to his name at the first) I found it quite interesting how he looked at economic growth compared to the general outlook of what seemed to be the dominant theme of his time.
B for Elgin — what's "decided up" mean?
ReplyDeleteI'm not sure if Walsh is being hyperbolic or not: could Romer have actually planned to do a dissertation with these features? More likely he worked through one and found out that it opened doors to the other features.
P.S. Queen's University in Kingston is the home of an econometrician so smart he scares me when I've had to talk to him: Jim MacKinnon.