The Economic Times

Wealth Quote of the Day by Paul M. Romer, Growth springs from better recipes, not just from more cooking What Nobel Laureate Paul Romer got right about innovation and modern wealth creation

Wealth Quote of the Day by Paul M. Romer, Growth springs from better recipes, not just from more cooking Paul M. Romers famous wealth quote explains why innovation, not effort alone, drives lasting economic growth. The Nobel laureate shows how ideas fuel productivity, shape US policy debates, and matter amid global tensions. From technology markets to geopolitics involving the US, Israel, and Iran, Romers insight reveals why better ideas, smarter incentives, and knowledge investment define modern wealthand why growth follows innovation, not scale alone.