Limits of microfoundations and embracing emergence

For many economists — Steve Levitt included — there is perhaps no greater inspiration than Paul Romer, the now-Nobel laureate who at a young age redefined the discipline and has maintained a passion for introducing new ideas to staid debates. Levitt finds out what makes Romer a serial “quitter,” why you can’t manufacture big ideas, and what happened when Romer tried to start a charter city. This episode originally aired on January 8th, 2021.

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