Economic Theories and Historical Legacies

Daron Acemoglu was just awarded the 2024 Nobel Prize in economics. Earlier this year, he and Steve talked about his groundbreaking research on what makes countries succeed or fail.

• SOURCES:
  • Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology.

• RESOURCES:
  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024.
  • Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, by Daron Acemoglu and Simon Johnson (2023).
  • "Economists Pin More Blame on Tech for Rising Inequality," by Steve Lohr (The New York Times, 2022).
  • "America’s Slow-Motion Wage Crisis: Four Decades of Slow and Unequal Growth," by John Schmitt, Elise Gould, and Josh Bivens (Economic Policy Institute, 2018).
  • "A Machine That Made Stockings Helped Kick Off the Industrial Revolution," by Sarah Laskow (Atlas Obscura, 2017).
  • "The Long-Term Jobs Killer Is Not China. It’s Automation," by Claire Cain Miller (The New York Times, 2016).
  • Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoglu and James A. Robinson (2012).
  • "The Colonial Origins of Comparative Development: An Empirical Investigation," by Daron Acemoglu, Simon Johnson, and James A. Robinson (American Economic Review, 2001).
  • "Learning about Others' Actions and the Investment Accelerator," by Daron Acemoglu (The Economic Journal, 1993).
  • "A Friedman Doctrine — The Social Responsibility of Business Is to Increase Its Profits," by Milton Friedman (The New York Times, 1970).

• EXTRAS:
  • "What’s Impacting American Workers?" by People I (Mostly) Admire (2024).
  • "'My God, This Is a Transformative Power,'" by People I (Mostly) Admire (2023).
  • "New Technologies Always Scare Us. Is A.I. Any Different?" by Freakonomics Radio (2023).
  • "How to Prevent Another Great Depression," by Freakonomics Radio (2020).
  • "Is Income Inequality Inevitable?" by Freakonomics Radio (2017).