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Conversations with Tyler / episode intelligence

Paul Romer on a Culture of Science and Working Hard

20 May 2020 19 published claims 2 attributable people

Speakers in the public record

Claim mix

belief 8recommendation 5evaluation 3uncertainty 1preference 1prediction 1

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The useful parts, with receipts.

19 published records

03 / belief

How long should they be isolated, both from other players but also from the general public? But if we just put together the plan, I think we could safely restart baseball and do it with confidence, knowing that we’re not going to increase the number of infections.

“How long should they be isolated, both from other players but also from the general public? But if we just put together the plan, I think we could safely restart baseball and do it with confidence, knowing that we’re not going to increase the number of infections.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

04 / belief

” People work hard because they like it. They work on things that they care about and they think others will care about, and that’s an encouraging insight, I think, about people.

“” People work hard because they like it. They work on things that they care about and they think others will care about, and that’s an encouraging insight, I think, about people.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

07 / belief

If you look around the world, all the efforts since World War II that’s gone into trying to build strong, effective states, to establish the rule of law in a functioning state, I think the external investments in building states have yielded very little.

“If you look around the world, all the efforts since World War II that’s gone into trying to build strong, effective states, to establish the rule of law in a functioning state, I think the external investments in building states have yielded very little.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

09 / belief

People in the Bank could tell that research was dysfunctional there, but shortly after I arrived, the number two, who I think had been behind this initiative, left to go take a position back in finance minister in Indonesia, and a different number two came into the Bank.

“People in the Bank could tell that research was dysfunctional there, but shortly after I arrived, the number two, who I think had been behind this initiative, left to go take a position back in finance minister in Indonesia, and a different number two came into the Bank.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

11 / recommendation

I think we should use the relatively small number of tests it would take to test all the baseball players every day, and let them start playing games in empty stadiums, because you need a lot more tests to test the fans, to have them come in.

“I think we should use the relatively small number of tests it would take to test all the baseball players every day, and let them start playing games in empty stadiums, because you need a lot more tests to test the fans, to have them come in.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

12 / evaluation

If I have a criticism of macro in economics, it’s like the criticism in epidemiology — we may have biased things a little bit too much towards the models, and we’re not giving enough weight to just the facts themselves. And I think that’s because it’s actually easier to do models than to look at data, so we need to have a little bit of collective pressure to, “Yeah, yeah, that’s what your theory says, but let’s look at the numbers.

“If I have a criticism of macro in economics, it’s like the criticism in epidemiology — we may have biased things a little bit too much towards the models, and we’re not giving enough weight to just the facts themselves. And I think that’s because it’s actually easier to do models than to look at data, so we need to have a little bit of collective pressure to, “Yeah, yeah, that’s what your theory says, but let’s look at the numbers.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

13 / preference

I agree that if you can target tests effectively, then you don’t have to test as many people because really all you have to do is find enough positives and get them into isolation.

“I agree that if you can target tests effectively, then you don’t have to test as many people because really all you have to do is find enough positives and get them into isolation.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

14 / prediction

My hunch is that China will eventually realize that the way to pay for the infrastructure that it’s building as part of this Belt and Road program is to do urban real estate development.

“My hunch is that China will eventually realize that the way to pay for the infrastructure that it’s building as part of this Belt and Road program is to do urban real estate development.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

15 / evaluation

Yeah. But the origins of that article were that I read some books that said economists got a lot more influence and things got worse in the United States, and this was a really troubling argument for me because it’s not easy to dismiss.

“Yeah. But the origins of that article were that I read some books that said economists got a lot more influence and things got worse in the United States, and this was a really troubling argument for me because it’s not easy to dismiss.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

16 / recommendation

You know, for vaccines, we created a special compensation mechanism so that, instead of litigating, somebody who’s harmed by taking a vaccine — because there’s a small fraction of the population that has a negative side effect — there’s a separate compensation mechanism.

“You know, for vaccines, we created a special compensation mechanism so that, instead of litigating, somebody who’s harmed by taking a vaccine — because there’s a small fraction of the population that has a negative side effect — there’s a separate compensation mechanism.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

17 / evaluation

The upshot is, is that I think because of technical economics and the arguments of economists, antitrust is much more tolerant now of dominant firms, and if we believe that competition’s good in a whole bunch of ways, this could actually be very, very harmful.

“The upshot is, is that I think because of technical economics and the arguments of economists, antitrust is much more tolerant now of dominant firms, and if we believe that competition’s good in a whole bunch of ways, this could actually be very, very harmful.”
Speaker
Paul Romer
Publisher
Conversations with Tyler

18 / recommendation

I spent time in Honduras. They were actually willing to try this, but what I think, in retrospect, I should have done, and what I’ll do now, is go first to the countries which are willing to help set something up because a country like Honduras was not — the reason it was willing to do something radical like a new charter city was that it did not have the internal capacity to do something like a charter city.

“I spent time in Honduras. They were actually willing to try this, but what I think, in retrospect, I should have done, and what I’ll do now, is go first to the countries which are willing to help set something up because a country like Honduras was not — the reason it was willing to do something radical like a new charter city was that it did not have the internal capacity to do something like a charter city.”
Speaker
Paul Romer
Publisher
Conversations with Tyler
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