Conversations with Tyler

Paul Romer on the Unrivaled Joy of Scholarship

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Dec 5, 2018
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INSIGHT

Delayed Tech Growth Impact

  • Technological advances like the internet may not have fully shown their growth impact yet.
  • Benefits might be underestimated or delayed, resembling electricity's gradual economic effect.
INSIGHT

Diminishing Returns in Research

  • Research productivity shows diminishing returns, requiring more effort to achieve progress.
  • Increasing the number of researchers can offset diminishing rewards and sustain growth.
ADVICE

Empower Students in Graduate School

  • Prioritize investing in well-trained people to boost innovation and growth.
  • Let students have control over graduate funding to foster competition and align education with future opportunities.
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