Paul Romer presents his solution to the problem of underdevelopment in this TED video.

Stanford economist Paul Romer believes in the power of ideas. He first studied how to speed up the discovery and implementation of new technologies. But to address the big problems we'll face this century -- insecurity, harm to the environment, global poverty -- new technologies will not be enough. We must also speed up the discovery and implementation of new rules, of new ideas about how people interact.

Municipal reform

The rules for changing rules

Producing land with nested markets