# Professor Paul Romer, who was recently appointed Chief Economist of the World Bank, is profiled

1 Faculty News September 1, 2016 ![Institutional Investor logo](/sites/default/files/styles/246w/public/assets/images/con_032206.jpg?itok=XtTdDJtV)>

Excerpt from [Institutional Investor](http://www.institutionalinvestor.com/article/3581937/banking-and-capital-markets-banking/world-bank-gets-an-innovator-with-new-chief-economist-paul-romer.html) -- "[Romer](http://www.stern.nyu.edu/faculty/bio/paul-romer) is nt of the more original and wide-ranging thinkers in economics today. He came to prominence in the 1980s as a proponent of so-called Endogenous Growth Theory, which holds that economic progress depends not just on capital and labor but on the ideas and knowledge that drive technological change."

[Read more](http://www.institutionalinvestor.com/article/3581937/banking-and-capital-markets-banking/world-bank-gets-an-innovator-with-new-chief-economist-paul-romer.html)