Paul Romer

9 results

Swab samples: Chief scientific adviser Mark Ferguson believes the country should test 7 per cent of the population for coronavirus every day, which would allow the entire economy to reopen quickly. Photograph: Dimas Ardian/ Bloomberg

The Government’s chief scientific adviser privately warned a slow easing of coronavirus restrictions would cause “terrible” economic damage, and inste(...)

The world has a technology problem. By that, I mean that we currently lack the technology to deal with the coronavirus pandemic. W

The world has a technology problem. By that, I mean that we currently lack the technology to deal with the coronavirus pandemic. We don’t have a cheap(...)

The Sydney Opera House’s sails controversially become a blank canvas for the advertisers of the Everest horse race. Photograph: Peter Parks/AFP

In numbers: Galactic ambition 800 Number of would-be space tourists who have paid to take a trip on Richard Branson’s Virgin Galactic since the (...)

William Nordhaus  after winning the 2018 Nobel Prize in Economic Sciences at Yale University on Monday. Photograph:  Eduardo Munoz Alvarez/Getty Images

A study of the economics profession in the United States, undertaken a number of years ago, found that academic papers in economics rarely referred to(...)

Donald Trump: the first six months of his presidency have been nothing if not dramatic. Photograph: John Minchillo/AP

Scandals, infighting, chaotic policymaking, a pugilistic and an isolationist approach to diplomacy that has alarmed America’s traditional allies – th(...)

Paul Romer: ordered his staff to write more clearly, shut them up whenever they banged on interminably in presentations, and insisted all reports were short and lucid

The story was one of the saddest I have read in ages. The World Bank’s chief economist ordered his staff to write more clearly, shut them up whenever (...)

Madame Tussaud designers in London adjust a wax figure of US president-elect Donald Trump. His behaviour and policies will dictate whether more market U-turns arise. Photograph: Will Oliver/EPA

Donald Trump’s US presidential election victory in November triggered one of the biggest post-election stock market rallies in history, but will Trump(...)

American economist Paul Romer: he is to replace Kaushik Basu  as chief economist at the World Bank later this year.

The World Bank is set to appoint Paul Romer, a longtime advocate of the economic power of human capital and student of urbanisation, as its new chief (...)

John Cochrane, a Chicago professor, points out that the US money supply recently went up 10,000 per cent and inflation went down. Photograph: PA

Despair is a negative emotion and one to be avoided. Yet it is hard not to feel that way when thinking about the state of economics. Macbeth, when he (...)