Paul Romer
Do "increasing returns" and "charter cities" represent similar or different phases of his career development? How about Aplia?
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This video says 'remember the solow model'. But the solow model has not yet been introduced anywhere in this course.
I'm also surprised they haven't done a video on Solow, but the Wikipedia article isn't a bad introduction: http://en.wikipedia.org/wiki/Neoclassical_growth_model
Hasn't Romer disavowed the Honduras charter city initiative?
He did not disavow the concept of the charter city, but had concerns about the transparency in the implementation. http://marginalrevolution.com/marginalrevolution/2012/09/paul-romer-on-w...
Aplia is horrible and expensive and enables the laziness of mediocre professors. But it's also incredibly profitable, so I'm torn between begrudging Romer and admiring him.
I'm a little sceptical about the sustainability of charter cities because the concept reminds me of Mumbai. Mumbai operates on a different (and better, in my view) set of rules from the rest of India. Caste systems are not prevalent. Commerce is the always the priority. In some ways, it is a charter city - it built mostly on reclaimed land and the original inhabitants are a small minority.
But of late the regionalism of the rest of the country is also affecting Mumbai. The city is turning into the rest of India.
