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Quote by Paul Romer

“I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are good, the one based on perfect competition and Pareto optimality, is becoming untenable. Something much more interesting and more complicated is going on here”

Quote by Paul Romer

Author

Paul Romer is a renowned economist known for his contributions to economic growth theory, innovation, and urban economics. Born on November 7, 1955, he has taught at MIT and the University of California, Berkeley, and was awarded the Nobel Prize in Economics in 2018. more

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