Encouraging entrepreneurship also has the added benefit of prompting job creation and further investment. “Romer built a formal economic model in which technological change was the outcome of ...

In one of his most famous papers to date, this was the focus as Romer created a model of growth based on ideas. He formulated the difference between ideas and objects, along with a definition of rules ...

As a result, they could not anticipate the damage a new business model based on tracking and targeted digital advertising could do by eroding the social trust.” A native of Denver, Colorado, Romer ...