Faculty News
—
In an interview, Professor Paul Romer shares his views on how to define economic growth
—
![Scientific American logo Scientific American logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_032572.jpg?h=cd55d432&itok=2y2L9clz)
"[Economic] growth is really growth in value... you can take the same raw materials, rearrange them into something we as humans value more... so your ability to create value is really limited only by all the different ways you can configure the raw material on earth into things that we value more."
Faculty News
—
![Scientific American logo Scientific American logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_032572.jpg?h=cd55d432&itok=2y2L9clz)
"[Economic] growth is really growth in value... you can take the same raw materials, rearrange them into something we as humans value more... so your ability to create value is really limited only by all the different ways you can configure the raw material on earth into things that we value more."