Monday, March 17, 2008

Paul Romer On Influence of Institutions and their Future Challenges

Paul Romer, one of the leading economists of United States, was the primary developer of New Growth Theory, providing new basis for business and government thinking about wealth creation and profits. Now he is on to new theory of a Non rival goods. Here is what he thinks about the role of institutions in accordance with non-rival goods and their technological and political challenges...

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