Daroness mogle, the elizabeth and james killian professor of economics at the massachusetts institute of technology. Darand welcome back to ekon talk. Wait to be here, thanks to i so having yeess. To day is october sixth, two thousand and 14; we'll discuss capital in the 20 first century.
Daron Acemoglu, the Elizabeth and James Killian Professor at the Massachusetts Institute of Technology, talks with EconTalk host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Thomas Piketty, Karl Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.