Acton Institute Powerblog

The Romer Nobel cheers human potential

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“Just last week I was telling a colleague that I hoped Paul Romer would finally win the Nobel prize in economics,” says Victor V. Claar in this week’s Acton Commentary. “And then he did.”

I’ve been a Paul Romer fan since I started teaching intermediate macroeconomics more than a decade ago—the “macro” course college students might take following the introductory one. Because most economics teaching involves good storytelling, I’ve thought a lot about how Romer fits into the story of how economic thinking about economic growth has evolved and changed over the last several hundred years. Professor Romer’s theory of long-term growth is one that fits the facts, and also helps us understand that it’s individuals that motivate lasting, perpetual growth.

The full text of the essay can be found here.

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Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).

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