The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Daron Acemoglu (MIT Economics Prof) on Institutions, Economic Growth, and AI

The Capitalism and Freedom in the Twenty-First Century Podcast

CHAPTER

Journey Through Economics and Institutions

This chapter reflects on the speaker's journey to becoming an economist, emphasizing the importance of institutions in economic growth. It contrasts various theories of growth and explores how inclusive versus extractive institutions shape development outcomes, using examples like North and South Korea. The discussion culminates in the necessity for regulatory frameworks to protect marginalized groups and ensure equitable economic relationships.

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