A crisis is a terrible thing to waste. - Paul M. Romer

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A crisis is a terrible thing to waste.

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About Paul M. Romer

Paul Michael Romer (born November 7, 1955) is an American economist, a pioneer of endogenous growth theory, and a co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences. He received the prize "for integrating technological innovations into long-run macroeconomic analysis". He previously served as Chief Economist of the World Bank between 2016 and 2018.

Also Known As

Native Name: Paul Michael Romer
Alternative Names: Paul Romer Paul M Romer
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Additional quotes by Paul M. Romer

Presenting a model is like doing a card trick. Everybody knows that there will be some sleight of hand. There is no intent to deceive because no one takes it seriously. Perhaps our norms will soon be like those in professional magic; it will be impolite, perhaps even an ethical breach, to reveal how someone’s trick works.

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