Abstract

The 2018 Nobel Laureate in Economic Sciences, Paul Romer of New York University speaks with New York University Professor Julia Lane. His work on endogenous technological change transformed our understanding of economic growth by recognizing that ideas—particularly scientific ideas—are neither a private nor a public good. Although he originally argued that the search for ideas is best fostered through competition, his thinking about the best structure has changed over time. In this interview he explains why.

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