Paul Romer

Staff Information

Role

Professor of Economics

Organization

New York University Stern School of Business

Bio

Paul Romer is professor of economics at New York University Stern School of Business. Prior to that, he was a senior fellow in the Stanford Center for International Development (SCID) and the Stanford Institute for Economic Policy Research (SIEPR). His contributions to the field of economics include being the primary developer of New Growth Theory, which reduces the traditional emphasis on the scarcity of objects and directs attention to the power of new ideas. His theory has brought renewed optimism about the potential for growth in both advanced and developing economies. Romer was named one of America’s 25 most influential people by TIME (1997), elected a fellow of the American Academy of Arts and Sciences (2000) and awarded the Horst Claus Recktenwald Prize in Economics (2002). He is a research associate of the National Bureau of Economic Research and a fellow of the Econometric Society. Previously, he taught in Stanford’s Graduate School of Business as the STANCO 25 Professor of Economics and was honored with the Distinguished Teaching Award (1999); he has also taught economics at UC Berkeley, the University of Chicago and the University of Rochester. In addition to his career in teaching and research, Romer founded Aplia, Inc., which is now part of Cengage Learning.