Paul Romer quotes
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“Possibilities don't add up, they multiply.”
-- Paul RomerSource : "Economic Growth". www.econlib.org.
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“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”
-- Paul Romer -
“Human material existence is limited by ideas, not stuff, people don't need copper wires they need ways to communicate, oil was a contaminant, then it became a fuel”
-- Paul Romer -
“Once we admit that there is room for newness - that there are vastly more conceivable possibilities than realized outcomes - we must confront the fact that there is no special logic behind the world we inhabit, no particular justification for why things are the way they are. Any number of arbitrarily small perturbations along the way could have made the world as we know it turn out very differently.”
-- Paul Romer -
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“In a sense, Britain inadvertently, through its actions in Hong Kong, did more to reduce world poverty than all the aid programs that we’ve undertaken in the last century,”
-- Paul Romer -
“Growth springs from better recipes, not just from more cooking.”
-- Paul Romer -
“Every generation has underestimated the potential for finding new ideas . . . Possibilities do not add up. They multiply.”
-- Paul Romer -
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“When valuing a startup, add $500k for every engineer, and subtract $250k for every MBA.”
Source : "Is Now the Time to Hire MBAs?" by Ben Horowitz, www.businessinsider.com. May 18, 2012.
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“Love shouldn't make our choices for us; it should just add importance to our choices.”
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Source : ALAN PATON (1968). “Cry, the Beloved Country”
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“When a woman tells the truth she is creating the possibility for more truth around her.”
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“In athletics, the idea of possibility is presumed. It's not 'if;' it's 'how.'”
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“We must contemplate some extremely unpleasant possibilities, just because we want to avoid them.”
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