Thursday, April 7, 2011

Pg 289-290 Endogenous Technological Change

A conference was held in 1988 in Buffalo where many of the up and coming economist were in attendance. Romer presented his paper called "Micro Foundation for Aggregate Technological Change" that was later renamed "Endogenous Technological Change". This paper helped explain growth and Romer's theory.
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1 comment:

  1. Dr. TufteApril 28, 2011 at 8:33 PM

    A for Sue.

    Ahh ... the Buffalo conference. I was finishing my 3rd year of graduate school. I had tickets to this conference, and I blew it off. Some of my professors tore me a new one over that. Of course ... it was about a girl ... and I did eventually marry her.

    And at it Romer presented a draft of the new growth model. The one that solves all the problems at once.

    Extra credit for the first person to comment with an explanation of what it means for there to be sovereigns in the air.

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