Lars P. Syll — Paul Romer — favourite candidate for ‘Nobel prize’ 2016

The astonishing thing about this is that most economists had to be told and some still don't get it — like many other matters that are vital to economics, for example, the relationship of money and banking, and finance to economics, as well as how banking works.

Economics needs a Martin Luther to shake it out of its dogmatic slumbers and institutional rigidity. We are still waiting for the Reformation. The priesthood is deeply entrenched.

BTW, the other issue is that while knowledge is non-rival, it is excludable through intellectual property rights.

Lars P. Syll’s Blog
Paul Romer — favourite candidate for ‘Nobel prize’ 2016

Lars P. Syll | Professor, Malmo University