A Quote by Paul Romer

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

Quote Topics

Am Answer Based Becoming Both Competition Complicated Convinced Explain Free Free Trade Give Going Good Interesting Markets More Much Perfect Perfect Competition Something Students Trade Traditional Why

Quote Author

Paul Romer
American - Economist
Born: November 6, 1955

It is harder to explain why free markets create wealth than it is to pander to workers who have been displaced by global competition.

Charlie Sykes

The invisible hand is not perfect. Indeed, the invisible hand is a little bit arthritic ... I'm a believer in free markets, but I think we need to be less naïve. We need to accept that markets give us pretty good solutions, but occasionally they will lock in something inferior.

W. Brian Arthur

The laws governing the universe can be made interesting and wonderful to the child, more interesting even that things in themselves, and he begins to ask: What am I? What is the task of man in this wonderful universe? Do we merely live here for ourselves, or is there something more for us to do? Why do we struggle and fight? What is good and evil? Where will it all end?

Maria Montessori

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.

Henry Paulson

I am not so complicated or intelligent a composer, nor am I very interested in becoming so. I am much more happy doing what I know I can do than what I am not sure I could do.

Giorgio Moroder

It was about a football program that brought in massive amounts of money. They're going to try to cover something up, because it's about money at the end of the day. That's clear. There's no ambiguity to that. Paterno is much more complicated and contradictory, and that's why he's interesting to me.

Barry Levinson

This process of the good life is not, I am convinced, a life for the faint-hearted. It involves the stretching and growing of becoming more and more of one's potentialities. It involves the courage to be. It means launching oneself fully into the stream of life.

Carl Rogers

Life can be so good if you let it. But you must trade with life. You give something and you get something, then you give something of yourself again and you receive something again. Life goes bad when people try to take from it without giving. Then they came away empty-handed, and they grab harder and more often, growing more disappointed and disillusioned each time.

Judith McNaught

We've got a form of brainwashing going on in our country…. Do you know how they brainwash people? They repeat something over and over. And that's what we do in this country. Owning things is good. More money is good. More property is good. More commercialism is good. MORE IS GOOD. MORE IS GOOD. We repeat it--and have it repeated to us--over and over until nobody bothers to even think otherwise. The average person is so fogged up by all this, he has no perspective on what's really important anymore.

Morrie Schwartz

The idea of explaining why free trade is good, why immigration is good, why the world is so connected, that we need to think in terms of humanity and being generous to each other, you know, that's proving to be a challenge.

Bill Gates

The problem is how do molecules react. Because if you want to transform a molecule into something useful or something you're interested in, it helps a lot to understand the structure. That means you can explore much more complicated systems, much more complicated reactions.

William Lipscomb

Usually, historically, nothing good comes out of relationships becoming more complicated!

Jeremy Podeswa

There's always constantly interesting things to do, and who knows, maybe I will be a good sculptor. I haven't decided what I am going to do next, but I am not going to quit just because I did something interesting.

Chris Hadfield

Isn't it interesting that markets are not just perfect? In business school and economic theory, you learn all about those perfect markets, and there's no such thing as a perfect market.

Heidi Roizen

I just want to prove that I am really good at something. And I haven't quite done that yet - at least not to myself. I know I could ride so much better, with more ease, with more finesse. I feel I'm nowhere near as good as I should be.