A Nobel Economist Cites Growth as Innovation

By Paul Romer (Orginal source Scientific American)

(Scientific American) – “Paul Romer, an expert in what’s known as endogenous growth theory and winner of the 2018 Nobel prize in economics, speaks to Scientific American about seeing economic growth as increased value, akin to when ingredients in a recipe are used to create a dish worth more than the original raw materials. His research concludes that investment in people, knowledge and innovation are primary growth factors.”

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