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Paul Romer on the Unrivaled Joy of Scholarship

Conversations with Tyler

CHAPTER

What Is It That Makes Growth So Hard to Forecast?

Social outcomes are hard, hard to predict. Cultures don't change that quickly. There's nothing that comes off with people that odds better than three out of five even in big groups. I think there is actually a growing number of economists who are thinking about culture as is it the label for describing some of these more subtle effects which operate in our beliefs and preferences.

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