# Professor Paul Romer's research on macroeconomics is referenced in a new book on climate change

1 Faculty News February 22, 2019 ![Business Insider logo](/sites/default/files/styles/246w/public/assets/images/business%20insider%20logo.jpg?itok=0MJSCdPh)>

Excerpt from [Business Insider](https://www.businessinsider.com/climate-change-capitalism-economic-threat-worse-than-depression-2019-2) -- "The same year, Paul Romer, the chief economist of the World Bank, proposed that macroeconomics — the 'science' of capitalism — was perhaps a fantasy field of study equivalent to string theory, which no longer had any legitimate claim to describing the workings of the real economy."

[Read more](https://www.businessinsider.com/climate-change-capitalism-economic-threat-worse-than-depression-2019-2)