"This position gives me a unique chance to learn about the thing that fascinates me most - producing knowledge that is useful in the sense that it yields benefits on the scale of billions of people," writes Paul Romer, a University of Chicago alumnus (Mathematics BA'77, Economics PhD'83) recently named the World Bank's new Chief Economist. Romer is currently a Professor at NYU's Stern School of Business, and heads their Urbanization Institute. In the late 1980s, Romer was also a faculty member of the University of Chicago Economics Department. In a Wall Street Journal interview, World Bank President Jim Yong Kim praised Romer's "deep commitment to tackling poverty and inequality and finding innovative solutions" to global economic challenges. Romer will succeed Kaushik Basu as Chief Economist this fall. Read full story.