Paul Romer on a Culture of Science and Working Hard
Conversations with Tyler
Conversations with Tyler
4.8 • 2.6K Ratings
🗓️ 20 May 2020
⏱️ 60 minutes
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Summary
Paul Romer makes his second appearance to discuss the failings of economics, how his mass testing plan for COVID-19 would work, what aspects of epidemiology concern him, how the FDA is slowing a better response, his ideas for reopening schools and Major League Baseball, where he agrees with Weyl's test plan, why charter cities need a new name, what went wrong with Honduras, the development trajectory for sub-Saharan Africa, how he'd reform the World Bank, the underrated benefits of a culture of science, his heartening takeaway about human nature from his experience at Burning Man, and more.
Read a full transcript enhanced with helpful links, or watch the full video.
Recorded May 13th, 2020
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Transcript
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| 0:00.0 | Conversations with Tyler is produced by the Mercatus Center at George Mason University, |
| 0:08.4 | bridging the gap between academic ideas and real-world problems. |
| 0:12.5 | Learn more at mercatis.org. |
| 0:15.2 | And for more conversations, including videos, transcripts, and upcoming dates, visit |
| 0:20.4 | ConversationsWithT Tyler.com. |
| 0:27.2 | Hello, everyone. Today I am chatting once again with Paul Romer, who needs no introduction. |
| 0:32.4 | Paul, welcome. |
| 0:33.6 | Good to be here. |
| 0:34.8 | You have a recent article in the periodical foreign affairs about the failings of economics. |
| 0:41.0 | And let me try to defend the economics profession. |
| 0:43.6 | Tell me what you think. |
| 0:45.2 | If I look at the big catch-up winners over the last few decades, it seems to me it's Poland |
| 0:49.8 | and Ireland. |
| 0:51.3 | And they basically followed in a neoliberal recipe. |
| 0:54.0 | They more or less did what economists told them to do. |
| 0:57.7 | What's the failure in that? |
| 0:59.4 | Yeah. |
| 1:00.4 | So what about China? |
| 1:01.4 | I mean China caught up pretty well too. |
| 1:04.4 | But they followed some of the basic insights from economics. |
| 1:07.8 | And the solar model. |
| 1:09.6 | Yeah. |
... |
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