Once we admit that there is room for newness - that there are vastly more conceivable possibilities than … - Paul Romer

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The future cannot be legislated. All that can be done is to anticipate its most important movements and to clear the path for them.

Paul Romer

Once we admit that there is room for newness - that there are vastly more conceivable possibilities than realized outcomes - we must confront the fact that there is no special logic behind the world we inhabit, no particular justification for why things are the way they are. Any number of arbitrarily small perturbations along the way could have made the world as we know it turn out very differently.

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Every generation has underestimated the potential for finding new ideas. . . Possibilities do not add up. They multiply.

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Growth springs from better recipes, not just from more cooking.

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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

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Never waste a crisis.

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In a sense, Britain inadvertently, through its actions in Hong Kong, did more to reduce world poverty than all the aid programs that we've undertaken in the last century.

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