Paul M. Romer

Paul M. Romer is an economist known for his work on economic growth and innovation. He emphasizes that technological progress and knowledge are key drivers of a nation's prosperity. Romer's theories highlight how investments in research, education, and ideas can create lasting economic development. His work has influenced policies that support innovation to boost long-term growth. Romer was awarded the Nobel Prize in Economic Sciences in 2018 for integrating ideas about how knowledge and technological change shape the economy into formal economic models.