Paul Romer on economic growth

The Library of Economics and Liberty has published a podcast by Paul Romer, one of America’s leading experts economists, on economic growth. The webpage from which it can be downloaded includes lots of useful links including a defence of Thomas Malthus.

Romer is the leading advocate of new growth theory – also called endogenous growth theory – which emphasises such factors as technological change and ideas in the growth process. It is a move away from the focus on physical capital which previously dominated economics.