Paul Romer has an idea people are calling crazy. He was a Stanford Economics Professor, but now he’s quit to pursue full time the idea of charter cities. Eh?

Charter cities are based on the idea of charter schools. These are schools in America outside the education system. They are generally in poor black areas and have a ‘charter’ – a set of radically different rules. For example they might do ten hour school days, six day weeks, compulsory uniforms. They are like free private schools, and they have been extremely popular (59 percent have waiting lists for entry) and often successful (one meta-analysis found most studies of charter schools showed improved student outcomes).
He is also the head of the Treasury. The Treasurer asked him to do a big old review into what’s what in the tax system, and what we should do next.












