
Daron Acemoglu (MIT Economics Prof) on Institutions, Economic Growth, and AI
The Capitalism and Freedom in the Twenty-First Century Podcast
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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