Experience Stern | Faculty & Research

Excerpt from the National Post -- "A seminal contribution of the New York University economist Paul Romer — who came to economics from physics — was to recognize that 'more output' was the wrong way to think about economic growth. Instead of producing more stuff, economic growth consists of re-arranging the stuff that is already there in ways that we value more. New technology is best seen as the creation of new 'recipes,' and there’s no obvious limit to human ingenuity in coming up with more of those."

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