One of Romer's most important contributions to the field of economics is his work on ‘New Growth Theory,' which revolves around how human wants and desires can foster increasing productivity and economic growth.

Romer will discuss his recently focused attention on the concept of charter cities and their potential impact on economic prosperity. His premise is that a well-run city is an engine for growth and that collaboration among its citizens leads to a more efficient way of life. "Being around people helps make us smarter," Romer said in a recent The New York Times article.

Romer leads Charter Cities, a research non-profit focused on the interplay of rules, urbanization and development. He was chosen as one of Foreign Policy's Top 100 Global Thinkers of 2010 for his work at the organization and was also included in Harvard Business Review's list of 10 Breakthrough Ideas for 2010.