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Once Tech’s Favorite Economist, Now a Thorn in Its Side Paul Romer’s call for government activism, particularly toward the big tech companies, reflects “a profound change in my thinking.” Paul Romer, a Nobel economist and the creator of New Growth Theory, in his backyard in Manhattan.Credit.Caroline Tompkins for The New York Times May 20, 2021Updated 7:35 a.m. ET Paul Romer was once Silicon Valley’s favorite economist. The theory that helped him win a Nobel prize — that ideas are the turbocharged fuel of the modern economy — resonated deeply in the global capital of wealth-generating ideas. In the 1990s, Wired magazine called him “an economist for the technological age.” The Wall Street Journal said the tech industry treated him “like a rock star.”

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