Economist Paul Romer has been a tenured professor at Stanford University for quite some time.
Through years of research and study he has come upon some new ideas for cities and the role cities play in rebuilding the economy, reducing unemployment, assisting developing nations and reducing poverty.
The two central concepts upon which all of his plans are based are not really new: stable rules and mutually beneficial exchange.
Romer believes that the cities which embody these two concepts have done more to bring about “a greater end to poverty than all the aid ever given.”
While Romer is focusing his plan on the larger population centers, his single operational principal is worthy of consideration for the leaders of cities of all sizes: Romer says, “I’m trying to harness the most powerful force on the planet: mutually beneficial exchange.”
Read more at Forbes, September 21, 2009, p. 38.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment