Podcasts about acemoglu

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acemoglu

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Best podcasts about acemoglu

Latest podcast episodes about acemoglu

Stay Tuned with Preet
Is Trump an Economic Despot? (with Daron Acemoglu)

Stay Tuned with Preet

Play Episode Listen Later Sep 4, 2025 70:30


What comes first, a prosperous economy or stable democratic institutions? Nobel Prize-winning economist and MIT professor Daron Acemoglu joins Preet to discuss the economic stakes of shifting institutional norms in the U.S. He weighs in on President Trump's decision to fire key personnel at the Federal Reserve and Bureau of Labor Statistics, as well as the announcement that the government will take a roughly 10% equity stake in Intel.  Then, Preet answers a question about the latest developments in the Kilmar Abrego Garcia deportation case and discusses Governor Gavin Newsom's recent social media posts. In the bonus for Insiders, Acemoglu discusses what people often overlook when comparing the Industrial Revolution to the AI revolution.  Join the CAFE Insider community to stay informed without hysteria, fear-mongering, or rage-baiting. Head to cafe.com/insider to sign up. Thank you for supporting our work. Show notes and a transcript of the episode are available on our website.  You can now watch this episode! Head to CAFE's Youtube channel and subscribe. Have a question for Preet? Ask @PreetBharara on BlueSky, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 833-997-7338 to leave a voicemail. Stay Tuned with Preet is brought to you by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Vetandets värld
Stjärnekonomen Acemoglu: Så styr arvet efter kolonialismen vilka länder som är rika och fattiga

Vetandets värld

Play Episode Listen Later Aug 7, 2025 19:35


Daron Acemoglu är en av ekonomipristagarna 2024. Vi besöker honom vid MIT och hör om hur världens ekonomi vältes över ända för flera hundra år sedan, hur AI kan påverka arbetsmarknaden och kopplingen till fotbollsklubben Galatasaray. Lyssna på alla avsnitt i Sveriges Radio Play. Programmet sändes första gången 30/12-2024.Han skriver mängder av vetenskapliga artiklar och bästsäljande böcker om ekonomi och teknologi, och tidsspannet går från det tidigast möjliga till framtiden för arbetsmarknaden nu när AI väntas revolutionera de flesta branscher.Daron Acemoglu är den mest kände av 2024 års tre mottagare av Riksbankens pris i ekonomisk vetenskap till Alfred Nobels minne, och hans intresse för den forskning som han nu belönas för väcktes redan i tonåren, påverkat av situationen i hans hemland Turkiet.Han belönas för sin forskning om varför arvet efter kolonialismen är en så viktig faktor bakom skillnader i välstånd mellan olika länder, och hur de länder som en gång i tiden var bland de rikaste nu blivit de fattigaste.Medverkande: Daron Acemoglu, professor vid MIT Economics, Massachusetts Institute of Technology, Cambridge, USA.Reporter: Björn Gunérbjorn.guner@sr.seProducent: Lars Broströmlars.brostrom@sr.se

Stacja Dywagacja
49. Dlaczego zachód rządzi światem? Drobiazgi, które stworzyły potęgę.

Stacja Dywagacja

Play Episode Listen Later Jul 15, 2025 56:44


Dlaczego to Europa Zachodnia wyznaczyła kierunek globalnej cywilizacji, a nie Chiny, Indie, Świat Islamu czy... Polska? Co sprawia, że jedne kraje dominują, a inne wciąż próbują „nadrobić zaległości”?Ten odcinek to trochę szukanie odpowiedzi na odwieczny pytanie czy mamy mieć kompleksy wobec Zachodu i dlaczego nie ;) I czy warto być jego częścią. Rozbieramy temat na czynniki pierwsze, zbieramy do kupy wnioski płynące z różnych książek, koncepcji, teorii i podlewamy to solidną porcją ciekawostek:- Jak bieda, zacofanie i słabość władzy wczesnego średniowiecza stworzyły jedyny w swoim rodzaju tygiel innowacji?- Dlaczego gęsta sieć kontaktów, współpracy i konkurencji dała więcej niż jakakolwiek armia?- Czym różni się centrum od peryferii – i dlaczego Polska jest „półperyferium”?- Co wspólnego miał angielski kłusownik z narodzinami państwa prawa?Czemu Niemcy w XIX w błyskawicznie przeskoczyli z pozycji największych "głupków i wsioków europy" na naukową potęgę?Zastanowimy się, czemu jedne centra cywilizacji szybko zmieniają się w kolosy na glinianych nogach, a inne kwitną stuleciami. Jeśli szukacie historii, która tłumaczy dzisiejszy świat bez podręcznikowych banałów – zapraszamy :)0:00 Dlaczego 1000 lat "dołączamy" do Zachodu3:28 Centrum kontra peryferie15:17 Niedoceniony Rzym21:41 Usieciowienie25:52 Tygiel wolności, współpracy i konkurencji33:24 Czemu cywilizacje trwają35:59 Jak instytucje chronią nas przed głupotą elit47:03 Płytkie źródła potęgi państw autorytarnychWarto przeczytać: Dlaczego narody przegrywają (Acemoglu, Robinson)

EDUCATIVO | Aprende algo nuevo todos los días
Nobel versus nobel: Hayek versus Acemoglu | Clynton López

EDUCATIVO | Aprende algo nuevo todos los días

Play Episode Listen Later Mar 14, 2025 42:05


Inspírate, crea nuevos proyectos y expande tu conocimiento en http://www.newmedia.ufm.edu Organizado por: Centro Henry Hazlitt https://chh.ufm.edu/ Facebook @UFM.CHH Una producción de UFM Studios http://newmedia.ufm.edu

Vetandets värld
Stjärnekonomen Acemoglu: Så styr arvet efter kolonialismen vilka länder som är rika och fattiga

Vetandets värld

Play Episode Listen Later Mar 6, 2025 19:35


Daron Acemoglu är kanske den av pristagarna som var mest tippad. Vi besöker honom vid MIT och hör om hur världens ekonomi vältes över ända för flera hundra år sedan, hur AI kan påverka arbetsmarknaden och kopplingen till fotbollsklubben Galatasaray. Lyssna på alla avsnitt i Sveriges Radio Play. Programmet sändes första gången 30/12-2024.Han skriver mängder av vetenskapliga artiklar och bästsäljande böcker om ekonomi och teknologi, och tidsspannet går från det tidigast möjliga till framtiden för arbetsmarknaden nu när AI väntas revolutionera de flesta branscher.Daron Acemoglu är den mest kände av årets tre mottagare av Riksbankens pris i ekonomisk vetenskap till Alfred Nobels minne, och hans intresse för den forskning som han nu belönas för väcktes redan i tonåren, påverkat av situationen i hans hemland Turkiet.Han belönas för sin forskning om varför arvet efter kolonialismen är en så viktig faktor bakom skillnader i välstånd mellan olika länder, och hur de länder som en gång i tiden var bland de rikaste nu blivit de fattigaste.Medverkande: Daron Acemoglu, professor vid MIT Economics, Massachusetts Institute of Technology, Cambridge, USA.Reporter: Björn Gunérbjorn.guner@sr.seProducent: Lars Broströmlars.brostrom@sr.se

Vetandets värld
Stjärnekonomen Acemoglu: Så styr arvet efter kolonialismen vilka länder som är rika och fattiga

Vetandets värld

Play Episode Listen Later Dec 30, 2024 19:37


Daron Acemoglu är kanske den av årets nobelpristagare som var mest tippad på förhand. Vi besöker honom vid MIT och hör om hur världens ekonomi vältes över ända för flera hundra år sedan, hur AI kan påverka arbetsmarknaden och om hans egen koppling till fotbollsklubben Galatasaray. Lyssna på alla avsnitt i Sveriges Radio Play. Han skriver mängder av vetenskapliga artiklar och bästsäljande böcker om ekonomi och teknologi, och tidsspannet går från det tidigast möjliga till framtiden för arbetsmarknaden nu när AI väntas revolutionera de flesta branscher.Daron Acemoglu är den mest kände av årets tre mottagare av Riksbankens pris i ekonomisk vetenskap till Alfred Nobels minne, och hans intresse för den forskning som han nu belönas för väcktes redan i tonåren, påverkat av situationen i hans hemland Turkiet. Han belönas för sin forskning om varför arvet efter kolonialismen är en så viktig faktor bakom skillnader i välstånd mellan olika länder, och hur de länder som en gång i tiden var bland de rikaste nu blivit de fattigaste.Medverkande: Daron Acemoglu, professor vid MIT Economics, Massachusetts Institute of Technology, Cambridge, USA.Reporter: Björn Gunérbjorn.guner@sr.seProducent: Lars Broströmlars.brostrom@sr.se

Daktilo1984
Daron Acemoğlu Neden Nobel Ekonomi Ödülü Aldı? | Çerçeve S3 #51

Daktilo1984

Play Episode Listen Later Nov 22, 2024 64:33


DESDE MI PUNTO DE VISTA
Lo que Robinson y Acemoglu No Entienden de Hispanoamérica

DESDE MI PUNTO DE VISTA

Play Episode Listen Later Nov 3, 2024 14:46


En este episodio, analizamos el reciente Premio Nobel de Economía y el sesgo presente en la obra de Robinson y Acemoglu, 'Por qué Fracasan las Naciones'.

DESDE MI PUNTO DE VISTA
Lo que Robinson y Acemoglu No Entienden de Hispanoamérica

DESDE MI PUNTO DE VISTA

Play Episode Listen Later Nov 3, 2024 14:46


En este episodio, analizamos el reciente Premio Nobel de Economía y el sesgo presente en la obra de Robinson y Acemoglu, 'Por qué Fracasan las Naciones'.

Terraço Econômico
ATÉ QUE ENFIM, ACEMOGLU! no TerraçoCast #449

Terraço Econômico

Play Episode Listen Later Oct 31, 2024 45:55


Fala, pessoal! Neste 449, Caio Augusto está com Rachel de Sá, Renata Kotscho e Fernanda Peres de Melo! Os assuntos analisados são os seguintes: Rachel, no Nobel de Economia de 2024 tivemos uma premiação que há anos era aguardada. Conte mais sobre isso! Renata, com o Boletim Internacional: os cinco setores que mais estão em risco com as eleições americanas; ⁠Fernanda, nearshoring no México começou a recuar. Por que isso acontece? Confira nossa Linktree, lá você nos encontra em todos os lugares! https://linktr.ee/terracoeconomico Você encontra esse podcast nas seguintes plataformas: Apple Podcasts, Spotify, Amazon Music, CastBox, Deezer, iHeart, JioSaavn, Listen Notes, Player FM, Podcast Addict, Podchaser, YouTube e YouTube Music Episódio editado por ATHELAS Edições de Áudio

DESDE MI PUNTO DE VISTA

El Premio Nobel de Economía de este año fue otorgado a Robinson y Acemoglu, autores del libro "Por qué Fracasan las Naciones". Esta obra pretende explicar algo que sin duda a todos nos interesa saber a qué se debe que los que los países hispanos no logran despuntar económicamente después de varios siglos de intentarlo.

DESDE MI PUNTO DE VISTA

El Premio Nobel de Economía fue otorgado este año a Robinson y Acemoglu, autores de "Por qué Fracasan las Naciones". Esta obra, que busca explicar por qué Hispanoamérica sigue sin despegar económicamente, atribuye su subdesarrollo a la explotación indígena durante el colonialismo español. Sin embargo, este análisis reproduce la narrativa simplista de la Leyenda Negra.❌

E89: Economics as a Science w/ Noah Smith

Play Episode Listen Later Oct 26, 2024 47:40


Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science. For full show notes, visit: https://highlightai.com/share/d1548747-43db-4b71-b0a8-af285d3deafd  —

The Dialectic At Work
Nobel Laureates, Settler Colonialism and Hypocrisy

The Dialectic At Work

Play Episode Listen Later Oct 25, 2024 66:12


This week the dialectic explores the Nobel Prize in Economics, awarded to Acemoglu, Johnson, and Robinson for their “contribution to Institutional Analyses” of long-run economic development.  We critically examine the claim that “settler colonialism” results in progress and development. Professors Wolff and Azhar discuss how the real economic history of colonized and indigenous peoples rebelled against the “whitewashing” in Acemoglu, Johnson, and Robinson's work.  The dialectic revisits the work and contributions of Paul Baran, including his analysis of the historical tendencies within capitalist development, and how it leads to under-development in the Global South.    About The Dialectic at Work is a podcast hosted by Professor Shahram Azhar & Professor Richard Wolff. The show is dedicated to exploring Marxian theory. It utilizes the dialectical mode of reasoning, that is the method developed over the millennia by Plato and Aristotle, and continues to explore new dimensions of theory and praxis via a dialogue. The Marxist dialectic is a revolutionary dialectic that not only seeks to understand the world but rather to change it. In our discussions, the dialectic goes to work intending to solve the urgent life crises that we face as a global community. Follow us on social media: X: @DialecticAtWork Instagram: @DialecticAtWork Tiktok: @DialecticAtWork Website: www.DemocracyAtWork.info Patreon: www.patreon.com/democracyatwork

Pitchfork Economics with Nick Hanauer
Acemoglu on Automation: The Nobel Laureate Vs. the Robots (with Daron Acemoglu)

Pitchfork Economics with Nick Hanauer

Play Episode Listen Later Oct 22, 2024 53:54


Since Daron Acemoglu just won the 2024 Nobel Memorial Prize in Economic Sciences alongside MIT Sloan professor Simon Johnson and University of Chicago professor James Robinson, we're revisiting  this powerful episode featuring Acemoglu's insights from 2023. In his groundbreaking book Power and Progress, Acemoglu exposes how the elite have weaponized technology to tighten their grip on wealth and influence, and explains how we can ensure that technological progress works for everyone, not just the wealthy few. This episode originally aired on August 22, 2023. Daron Acemoglu is the Institute Professor of Economics at MIT, the university's highest faculty honor, and a 2024 Nobel laureate. For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is an author (with James Robinson) of The Narrow Corridor and the New York Times bestseller Why Nations Fail. Twitter: @NarrowCorridor Further reading:  Trio of professors win Nobel economics prize for work on post-colonial wealth Democracy is in a ‘tough stretch.' New Nobel winners explain how to strengthen it Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity The Narrow Corridor: States, Societies, and the Fate of Liberty Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch

Pogi Podcast
172. Közgazdasági Nobel-díj: Acemoglu, Robinson, Johnson. Kik ők?

Pogi Podcast

Play Episode Listen Later Oct 21, 2024 40:03


Daron Acemoglu, Simon Johnson és James Robinson kapták a 2024-es közgazdasági Nobel-díjat. Kik ők? Miről írtak? Miért fontos a munkájuk magyar szempontból? Mi az az intézményi közgazdaságtan?

Entendez-vous l'éco ?
Daron Acemoglu, Simon Johnson et James Robinson : “le Nobel d'économie” face à l'histoire

Entendez-vous l'éco ?

Play Episode Listen Later Oct 18, 2024 58:52


durée : 00:58:52 - Entendez-vous l'éco ? - par : Aliette Hovine, Bruno Baradat - Lundi dernier, Daron Acemoglu, Simon Johnson et James Robinson ont obtenu le prix Nobel d'économie pour leurs recherches sur la compréhension des différences de prospérité entre les nations. - réalisation : Françoise Le Floch - invités : Denis Cogneau; François Bourguignon Économiste, professeur émérite à l'Ecole d'économie de Paris, ancien vice-président de la banque mondiale.; Thierry Verdier

On Humans
Nobel-Prize Special | Daron Acemoglu on Why We Should Celebrate Humanity

On Humans

Play Episode Listen Later Oct 18, 2024 20:44


Daron Acemoglu has been awarded the 2024 Nobel-prize for Economic Science. This is a great testament to his impressive career. But the award was given for his early work on global inequality, together with Johnson and Robinson. The Swedish Riksbank did not pay attention to his new work on inequality within rich countries. Should we? And is his new theory even consistent with the old? I got to ask this from Acemoglu during our 2023 interview. I thought this would be a good time to re-post his answer. In this highlight, we also discuss: The hidden tragedy behind growing wages Is automation the problem? Why we need a more "pro-human" direction of technology Lessons from (an imperfect) Germany Why fixing the economy starts from celebrating humanity If you want to enjoy the full show, head to episode 26 of this feed. You can also read my essay breakdown of Acemoglu's theory here. Get these and other resources at ⁠OnHumans.Substack.com⁠. Thank you to all the patrons who make On Humans possible! You can join the club at Patreon.com/OnHumans⁠⁠⁠⁠⁠⁠⁠. You can get in touch for other ways to support at ⁠makela.ilari@outlook.com⁠⁠⁠. KEYWORDS Economics | economic history | wage-stagnation | wage growth | inequality | economic inequality | automation | AI | robotics | US economy | German economy | Nobel-prize | labour unions | worker power | Elon Musk | Tesla | car manufacturing | co-determination | humanity

Why Nations Fail, AI & Jobs, Economics as a Science

Play Episode Listen Later Oct 17, 2024 47:30


This week on Econ 102, Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science. --

Finshots Daily
Why the Nobel Prize in Economics went to Acemoglu, Johnson and Robinson

Finshots Daily

Play Episode Listen Later Oct 17, 2024 8:18


In today's episode for 17th October 2024, we tell you why Dr. Daron Acemoglu, Dr. Simon Johnson and Dr. James A. Robinson won the prestigious Sveriges Riksbank Prize in Economic Sciences ― commonly known as the Nobel Prize in Economics. Speak to Ditto's advisors now, by clicking the link here - https://ditto.sh/9zoz41

inControl
ep27 - Munther Dahleh: L1 control, agile robotic maneuvering, abstractions, cascaded failures, markets, data and systems for societal problems

inControl

Play Episode Listen Later Oct 17, 2024 124:30


Outline00:00 - Intro02:14 - Early steps in control05:36 - L1 control17:09 - Relay feedback systems24:32 - Agile robotic maneuvers29:31 - Abstractions and models41:59 - Causality49:35 - Markets and power grids1:00:20 - Role of network structure1:05:03 - Data, systems, and society1:16:17 - On writing1:22:57 - Cascaded failures in networks1:30:40 - Information design1:34:29 - Data markets1:42:27 - On economics and engineering1:48:18 - Systems thinking for societal problems1:58:24 - Advice to future studentsLinksWebsite: https://dahleh.lids.mit.edu/Data Nation podcast: https://tinyurl.com/2fxwxw2dS. Bhattacharyya: https://tinyurl.com/4z93f6n7Wonham's geometric control: https://tinyurl.com/mrxxkrv9B. Pearson: https://tinyurl.com/3vaz9yc9L1-optimal control: https://t.ly/NuXp8M. Vidyasagar: https://tinyurl.com/4z3zamh6Relay feedback systems: https://tinyurl.com/47tr23a4J. Tsitsilkis: https://tinyurl.com/yc7jmzm6Maneuver-based motion planning: https://tinyurl.com/bdduu2eaNutonomy: https://tinyurl.com/426s7stvFeedback control with noisy channels: https://tinyurl.com/2yschy2sBode's integral: https://tinyurl.com/2s47rjmpFundamental limits and molecular fluctuations: https://tinyurl.com/5n8k4maaVolatility of power grids: https://tinyurl.com/2vfpjfy7Bayesian learning in social networks: https://tinyurl.com/3mk9p486D. Acemoglu: https://tinyurl.com/3nphek9hA. Ozdaglar: https://tinyurl.com/yvdnddh9Cascade failures in networks: https://tinyurl.com/u2ckx94vA marketplace for data: https://tinyurl.com/esvbtprbSupport the showPodcast infoPodcast website: https://www.incontrolpodcast.com/Apple Podcasts: https://tinyurl.com/5n84j85jSpotify: https://tinyurl.com/4rwztj3cRSS: https://tinyurl.com/yc2fcv4yYoutube: https://tinyurl.com/bdbvhsj6Facebook: https://tinyurl.com/3z24yr43Twitter: https://twitter.com/IncontrolPInstagram: https://tinyurl.com/35cu4kr4Acknowledgments and sponsorsThis episode was supported by the National Centre of Competence in Research on «Dependable, ubiquitous automation» and the IFAC Activity fund. The podcast benefits from the help of an incredibly talented and passionate team. Special thanks to L. Seward, E. Cahard, F. Banis, F. Dörfler, J. Lygeros, ETH studio and mirrorlake . Music was composed by A New Element.

En Perspectiva
Análisis Económico Exante -Acemoglu, Johnson y Robinson galardonados con el Nobel de Economía 2024

En Perspectiva

Play Episode Listen Later Oct 17, 2024 12:08


¿Cuáles fueron sus principales contribuciones a la ciencia económica? Análisis del economista Luciano Magnífico.

Dr.Elegantia podcast
NOBEL ECONOMIA 2024 ACEMOGLU: un nobel discutibile

Dr.Elegantia podcast

Play Episode Listen Later Oct 15, 2024 18:58


⬇⬇⬇APRIMI⬇⬇ Vuoi imparare l'analisi dati partendo da zero? Registrati gratuitamente al nostro corso! Acquisisci le competenze necessarie compilando il form di iscrizione qui: https://forms.gle/aQNDdsjKc33C8o6v8 Non perdere questa opportunità di ampliare le tue conoscenze in analisi dati. Iscriviti ora! NOBEL ECONOMIA 2024 ACEMOGLU: un nobel discutibile Abbonati qui: https://www.youtube.com/economiaitalia/join https://www.patreon.com/join/EconomiaItalia? Fonti e spunti: https://www.nobelprize.org/prizes/economic-sciences/2024/press-release/ https://www.gatesnotes.com/Why-Nations-Fail Qui per segnalare temi: https://tellonym.me/dr.elegantia Podcast (su tutte le piattaforme): https://www.spreaker.com/show/dr-elegantia-podcast COME SOSTENERCI: Il nostro nuovo libro sull'economia: Guida Terrestre per Autoeconomisti https://www.aristodemicaedizioni.com/product-page/economiaitalia-guida-terrestre-per-autoeconomisti Acquistando le nostre T-shirt dedicate ai dati stampate in Serigrafia Artigianale con passione e orgoglio dai detenuti del Carcere Lorusso e Cutugno di Torino https://fairenough.it/prodotto/t-shirt-show-me-the-fkn-data/ Guida al VOTO 2024: https://amzn.to/3RGRMO9 DonazionI Paypal: https://paypal.me/appuntiUAB Vuoi sostenermi ma non sborsare nemmeno un euro? Usa questo link per per il tuo prossimo acquisto su Amazon: https://amzn.to/2JGRyGT Qui trovi i libri che consiglio per iniziare a capirne di più sull'economia: https://www.youtube.com/watch?v=uEaIk8wQ3z8 Dove ci trovi: https://www.umbertobertonelli.it/info/ https://linktr.ee/economiaitalia La mia postazione: Logitech streamcam https://amzn.to/3HR6xq0 Luci https://amzn.to/3n6qtgP Shure MV7https://amzn.to/3HRh7k1 Asta https://amzn.to/3HSRvzY #economiaitalia #drelegantia #economiaDiventa un supporter di questo podcast: https://www.spreaker.com/podcast/dr-elegantia-podcast--5692498/support.

La Miniera
NOBEL ECONOMIA 2024 ACEMOGLU: un nobel discutibile

La Miniera

Play Episode Listen Later Oct 15, 2024 18:58


⬇⬇⬇APRIMI⬇⬇ Vuoi imparare l'analisi dati partendo da zero? Registrati gratuitamente al nostro corso! Acquisisci le competenze necessarie compilando il form di iscrizione qui: https://forms.gle/aQNDdsjKc33C8o6v8 Non perdere questa opportunità di ampliare le tue conoscenze in analisi dati. Iscriviti ora! NOBEL ECONOMIA 2024 ACEMOGLU: un nobel discutibile Abbonati qui: https://www.youtube.com/economiaitalia/join https://www.patreon.com/join/EconomiaItalia? Fonti e spunti: https://www.nobelprize.org/prizes/economic-sciences/2024/press-release/ https://www.gatesnotes.com/Why-Nations-Fail Qui per segnalare temi: https://tellonym.me/dr.elegantia Podcast (su tutte le piattaforme): https://www.spreaker.com/show/dr-elegantia-podcast COME SOSTENERCI: Il nostro nuovo libro sull'economia: Guida Terrestre per Autoeconomisti https://www.aristodemicaedizioni.com/product-page/economiaitalia-guida-terrestre-per-autoeconomisti Acquistando le nostre T-shirt dedicate ai dati stampate in Serigrafia Artigianale con passione e orgoglio dai detenuti del Carcere Lorusso e Cutugno di Torino https://fairenough.it/prodotto/t-shirt-show-me-the-fkn-data/ Guida al VOTO 2024: https://amzn.to/3RGRMO9 DonazionI Paypal: https://paypal.me/appuntiUAB Vuoi sostenermi ma non sborsare nemmeno un euro? Usa questo link per per il tuo prossimo acquisto su Amazon: https://amzn.to/2JGRyGT Qui trovi i libri che consiglio per iniziare a capirne di più sull'economia: https://www.youtube.com/watch?v=uEaIk8wQ3z8 Dove ci trovi: https://www.umbertobertonelli.it/info/ https://linktr.ee/economiaitalia La mia postazione: Logitech streamcam https://amzn.to/3HR6xq0 Luci https://amzn.to/3n6qtgP Shure MV7https://amzn.to/3HRh7k1 Asta https://amzn.to/3HSRvzY #economiaitalia #drelegantia #economiaDiventa un supporter di questo podcast: https://www.spreaker.com/podcast/drelgantia-podcast--5623073/support.

Nobel Prize Conversations
First Reactions | Daron Acemoglu, prize in economic sciences 2024 | Telephone interview

Nobel Prize Conversations

Play Episode Listen Later Oct 14, 2024 9:51


“There's nothing natural about 30-, 40-, 50- fold differences in income per capita in a globalised, connected world.” Daron Acemoglu, economic sciences laureate 2024, speaks about the root causes of persistent poverty among the poorest nations and how to build the types of inclusive institution that can support prosperity. In this conversation with the Nobel Prize's Adam Smith, recorded shortly after the prize announcement, Acemoglu also highlights the importance of democracy and his fears regarding AI, and how its misuse could result in a two-tier society. Hosted on Acast. See acast.com/privacy for more information.

Keen On Democracy
Episode 2220: Nobel Prize Winning Economist Simon Johnson on Technology & Inequality

Keen On Democracy

Play Episode Listen Later Oct 14, 2024 46:42


The 2024 winners of the Nobel prize for Economics were announced this morning. One of the winners was the MIT economist Simon Johnson, who, as the co-author (with his MIT colleague Daron Acemoglu) of Power and Progress, appeared on KEEN ON just over a year ago to talk about technology & prosperity. Given that the prize was given to Johnson (and Acemoglu) for their work on explaining the gaps in prosperity between nations, we thought it worthwhile to rerun the interview from last year. Particularly since, if anything, the relationship between new technologies like AI and economic inequality is even more pertinent in 2024 than it was last year. SIMON JOHNSON is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is head of the Global Economics and Management group. In 2007-08 he was chief economist at the International Monetary Fund, and he currently co-chairs the CFA Institute Systemic Risk Council. In February 2021, Johnson joined the board of directors of Fannie Mae. Johnson's most recent book, with Daron Acemoglu, Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity, explores the history and economics of major technological transformations up to and including the latest developments in Artificial Intelligence. His previous book, with Jonathan Gruber, Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream, explained how to create millions of good new jobs around the U.S., through renewed public investment in research and development. This proposal attracted bipartisan support.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Focus economia
Tutti contro Tavares, che intanto non esclude taglio posti di lavoro

Focus economia

Play Episode Listen Later Oct 14, 2024


Il caso Stellantis che tiene banco dopo l'audizione di Carlos Tavares alla Camera di venerdì scorso, durante la quale il gruppo italo-francese ha chiesto all'Italia nuovi incentivi. Una richiesta che ha sollevato le reazioni della politica. E non solo. Intervenendo alla trasmissione "Amici e nemici", su Radio24, il segretario generale della Cgil Maurizio Landini ha ricordato che gli incentivi non hanno funzionato: a fronte di 950 milioni di euro già erogati, Stellantis ha aumentato la cassa integrazione e diminuito la produzione in Italia. Landini ha anche chiesto un intervento di Palazzo Ghigi. Ancor più diretto è stato il presidente di Confindustria, Emanuele Orsini: «La richiesta di Stellantis di ulteriori incentivi è una pazzia», ha detto il numero uno di Viale dell'Astronomia a margine della convention di Capri organizzata dai Giovani di Confindustria. Intanto oggi è tornato a parlare Carlos Tavares, Ceo di Stellantis, durante la prima giornata del Mondial de l'Auto, il Salone dell'auto di Parigi: "Altri hanno creato il caos e voi chiedete a me di risolvere la situazione e di garantire posti di lavoro. Non sono un mago, sono un essere umano come voi. Voi mi chiedete di risolvere problemi creati da altri, per risolvere quelle situazioni potrei dovere fare cose che non saranno accolte bene". Il Ceo ha risposto a chi chiedeva se fosse in grado di garantire che non saranno tagliati posti di lavoro all'interno del gruppo.Il commento di Paolo Bricco, Il Sole 24 Ore.Boing tra crisi e scioperi si avvicina al licenziamento di massa (e a una crisi di liquidità)Boeing, nella bufera di crisi e scioperi, vola verso licenziamenti di massa: nei prossimi mesi eliminerà 17.000 posti di lavoro, a tutti i livelli, pari al 10% dei suoi dipendenti. Accanto ai tagli, il colosso aerospaziale ha ammesso nuovi ritardi nel decollo del progetto di un nuovo, grande velivolo per le rotte internazionali, il 777X, che, avviato nel 2013, ha da tempo sfondato ogni budget e traguardo. Ora è slittato al 2026 dal 2025. Sarà inoltre cancellato dal 2027, in nome dell'austerity, uno dei modelli finora più noti della sua flotta: la versione cargo del 767.La società americana non fa profitti dal 2018 e secondo il New York Times a breve dovrebbe annunciare ricavi per 17,8 miliardi di dollari, con perdite di 10 dollari per azione. Il suo debito è salito a 58 miliardi, ossia nove in più di un decennio fa. Le decisioni sulla produzione, annunciate dal nuovo chief executive Kelly Ortberg, si tradurranno in oneri straordinari per 5 miliardi di dollari: tre miliardi per gli interventi sui programmi civili che si sommeranno a 2 miliardi di svalutazioni anche nel settore della Difesa, dove Boeing, uno dei principali fornitori del Pentagono, ha a sua volta incontrato difficoltà. A conti fatti, l'azienda ha avvertito che dovrà contabilizzare perdite trimestrali per 6 miliardi.Lo sciopero in atto da cinque settimane da parte di 30.000 tecnici e ingegneri del gruppo, con in gioco il contratto, si è aggiunto alle sfide. L'agitazione, secondo alcune stime, da sola costa al gruppo oltre un miliardo al mese. I negoziati sono nell'impasse: Boeing ha accusato il sindacato di malafede; le union hanno risposto che è Boeing a non trattare con trasparenza. «Il ceo Ortberg ha fatto sapere uno dei leader dello sciopero - ha l'opportunità di agire diversamente, invece di ricorrere a minacce e intimidazioni».È stato ospite a Focus Economia Alessandro Plateroti, nuovo Direttore di NewsMondo.it Il dibattito sul colonialismo torna attuale con il Nobel a Acemoglu, Johnson e Robinson Il premio Nobel per l economia 2024 va a Daren Acemoglu, Simon Johnson, entrambi del Mit di Boston, e James A. Robinson della University of Chicago per gli studi su come le istituzioni si formano e influenzano la prosperità. I tre economisti hanno dimostrato che una buona parte della differenza nella ricchezza e nello sviluppo degli stati dipende da come funzionano le istituzioni. Società con uno scarso stato di diritto e istituzioni fragili non riescono a generare crescita e cambiamento, e i loro studi sono in gran parte volti a capire perché questo avvenga. "Ridurre le enormi differenze di reddito tra i Paesi è una delle maggiori sfide del nostro tempo. I vincitori", ha detto Jakob Svensson, presidente del Comitato per il Premio di Scienze Economiche, "hanno dimostrato l importanza delle istituzioni sociali per raggiungere questo obiettivo».«Quando gli europei colonizzarono ampie zone del mondo, le istituzioni di quelle società cambiarono. Questo cambiamento è stato a volte drammatico, ma non si è verificato ovunque nello stesso modo. In alcuni luoghi l obiettivo era sfruttare la popolazione indigena ed estrarre risorse a vantaggio dei colonizzatori. In altri, i colonizzatori hanno creato sistemi politici ed economici inclusivi per il beneficio a lungo termine degli immigrati europei», si legge nella nota a dell Academy che spiega la ricerca dei tre economisti. «I vincitori hanno dimostrato che una spiegazione delle differenze di prosperità dei Paesi è data dalle istituzioni sociali introdotte durante la colonizzazione. Le istituzioni inclusive sono state spesso introdotte in Paesi che erano poveri al momento della colonizzazione e, nel tempo, hanno portato a una popolazione generalmente prospera. Questo è un motivo importante per cui le ex colonie un tempo ricche sono ora povere e viceversa.Il commento di Mario Deaglio, docente Economia Internazionale Università di Torino, al microfono di Sebastiano Barisoni.

Mercado Abierto
Acemoglu, Johnson y Robinson, los Premio Nobel de Economía 2024

Mercado Abierto

Play Episode Listen Later Oct 14, 2024 3:38


Este lunes han sido reconocidos con el galardón por demostrar la importancia de las instituciones sociales en la prosperidad de un país

AI DAILY: Breaking News in AI
COULD AI WIN A NOBEL PRIZE?

AI DAILY: Breaking News in AI

Play Episode Listen Later Oct 3, 2024 3:56


Like this? Get AIDAILY, delivered to your inbox, every weekday. Subscribe to our newsletter at https://aidaily.us Could AI Win a Nobel Prize? Scientists are exploring if AI can make Nobel-worthy discoveries. The "Nobel Turing Challenge" aims to create an AI capable of achieving this by 2050. Early "robot scientists" like "Adam" and "Eve" have made small breakthroughs, but AI needs significant advancements to rival human researchers. While AI tools like AlphaFold have revolutionized protein structure predictions, they still lack deep scientific understanding. Experts predict that within the next decade, research aided by AI could win a Nobel Prize.  MIT Economist Says AI Can Only Handle 5% of Jobs, Fears Stock Crash MIT economist Daron Acemoglu predicts that AI will replace or heavily assist just 5% of jobs in the next decade. He warns that current AI systems are unreliable, which could lead to wasted investments by companies. This unrestrained spending could result in a tech stock crash, or “AI winter.” Acemoglu compares the current hype to the early 2000s dot-com bubble. The Cognitive Disconnect Between Physicians and AI Recent research shows that GPT-4 outperforms physicians in diagnostic accuracy, yet doctors using GPT-4 see only minimal improvement. This disconnect stems from trust issues, lack of AI training, increased cognitive load, and differing diagnostic methods. Doctors often mistrust AI, struggle with optimal prompts, and find integrating AI suggestions cumbersome. Improving collaboration between AI and clinicians requires trust-building, better workflow integration, and training. Judge Blocks California's New AI Law in Case Over Kamala Harris Deepfake A federal judge temporarily blocked California's new AI law, AB 2839, shortly after it was signed by Governor Gavin Newsom. The law targets individuals who post AI deepfakes of political candidates that could confuse voters, potentially forcing them to take down the content. However, the judge ruled that AB 2839 is too broad and could infringe on constitutionally protected speech, such as satire and parody. Is Quantum Computing an Unlikely Answer to AI's Looming Energy Crisis? AI's growing energy consumption is a concern, with US data center electricity demand potentially doubling by 2030 due to AI. Quantum computing could offer a solution, as it is up to 100 times more energy-efficient than traditional supercomputers. Quantum processors use qubits, allowing them to solve complex problems faster. Companies like IonQ are developing quantum chips for AI, aiming to reduce energy requirements. While promising, solving AI's power challenge will likely need a multi-pronged approach, including expanding grid infrastructure and integrating renewable energy sources.

Asia Centric by Bloomberg Intelligence
AI Economic Impact Overstated, Says MIT's Acemoglu

Asia Centric by Bloomberg Intelligence

Play Episode Listen Later Sep 18, 2024 25:40 Transcription Available


AI has been hailed as a transformative technology with McKinsey estimating it could add $26 trillion to the global economy. While many investors have already jumped on the AI bandwagon, not everyone agrees. Daron Acemoglu, Institute Professor at MIT and author of books including Why Nations Fail, takes a critical look at AI and explains why the economic and social benefits may have been overstated. He joins John Lee of Bloomberg Intelligence and Katia Dmitrieva of Bloomberg News on the Asia Centric podcast.See omnystudio.com/listener for privacy information.

The Anthropology of the Right

Play Episode Listen Later Sep 17, 2024 50:50


PDS Debt is offering a free debt analysis. It only takes thirty seconds. Get yours at https://PDSDebt.com/WHATIFALTHIST Link to my second podcast on world history and interviews: https://www.youtube.com/channel/UC0NCSdGglnmdWg-qHALhu1w Link to my cancellation insurance: https://becomepluribus.com/creators/20 Link to my Twitter - https://x.com/whatifalthist Link to my Instagram-https://www.instagram.com/rudyardwlyn... Bibliography The Ruling Classes by Gaetano Mosca The Rise of the West by McNeil The Story of the Americas by Leland Dewitt Baldwin Forgotten Continent by Michael Reid American Nations by Colin Woodard The WEIRDest people in the world by Joseph Heinrich Why Nations Fail by Acemoglu and Robinson War, Peace and War by Peter Turchin The Art of Not Being Governed by James Scott Seeing like a State by James Scott The Rise and Fall of the Third Reich by Shirer The History of Philosophy by Bertrand Russel Democracy the God that Failed by Herman Hoppes Atrocities by Matthew White The Origins of Political Order by Francis Fukuyama The Soul of France by Fernand Braudel A History of Civilizations by Fernand Braudel The Best of Times and Worst of Times by Michael Burleigh After Liberalism by Paul Gottfried The Leviathan and Its Enemies by Sam Francis  Politics by Aristotle The Pursuit of Power by McNeil Tragedy and Hope by Carroll Quiggley The Evolution of Civilizations by Carroll Quiggley Enlightenment Now by Stephen Pinker The Story of Philosophy by Will Durant A Conflict of Visions by Thomas Sowell Envy by Helmut Schoeck Dominion by Tom Holland The True Believer by Eric Hoffer The Dictators by Richard Overy Bloodlands by Timothy Snyder Sapiens by Yuval Noah Harari The Invention of Yesterday by Tamim Ansary After Liberalism by Matthew Rose Destiny Disrupted by Tamim Ansary The Master and His Emissary by Ian McGhilchrist Japan and the Shackles of the Past by Taggert Murphy The True Believer by Eric Hoffer Shadow World by Chandler The Righteous Mind by Haidt The Strange Death of Europe by Douglas Murray Islamo Leftism by Philippe Fabry Fire in the Minds of Men by Billington Political Order and Political Decay by Francis Fukuyama War in Human Civilization by Azar Gat

Social Science Bites
Daron Acemoglu on Artificial Intelligence

Social Science Bites

Play Episode Listen Later Sep 4, 2024 27:33


Listening to the ongoing debate about artificial intelligence, one could be forgiven for assuming that the technology is either a bogeyman or a savior, with little ground in between. But that's not the stance of economist Daron Acemoglu, professor at the Massachusetts Institute of Technology and the author, with Simon Johnson, of the new book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. Combining a cogent historical analysis of past technological revolutions, he examines whether a groundbreaking new technology “augments” the status quo, as opposed to merely squeezing out human labor. “[M]y favorite term is ‘creating new tasks' because I think it really clarifies what the quote unquote augmenting needs to take the form of,” he tells interviewer David Edmonds in this Social Science Bites podcast. “It's not just making a worker more productive in tightening the screws, but it's really creating new jobs that didn't exist.” And so, he explains to those perhaps afraid that a bot is gunning for their livelihood, “Automation is not our enemy. Excessive automation is our enemy.” This is not to depict Acemoglu as an apologist for our new silicon taskmasters. Current trends such as the consolidation of power among technology companies, a focus on shareholder returns at the expense of all else, a blind trust in companies to somehow muddle through to societal equilibrium, and a slavish drive to automate everything immediately all leave him cold: “I feel AI is going in the wrong direction and taking us down with it.” His conversation doesn't end there, thankfully, and he offers some hopeful words on how we might find that modus vivendi with AI, including (but by no means only relying on) “the soft hand of the state in tipping the scales one way or another.” Acemoglu is an elected fellow of the National Academy of Sciences, the American Philosophical Society, the British Academy of Sciences, the Turkish Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He is also a member of the academic-cum-policymaker group of economic movers and shakers known as the Group of 30. Besides Power and Progress, his books include the popular bestseller Why Nations Fail: Power, Prosperity, and Poverty written with James Robinson. Acemoglu has received a number of prizes, including two inaugural awards in 2004, the T. W. Shultz Prize from the University of Chicago and the Sherwin Rosen Award for outstanding contribution to labor economics. He received the John Bates Clark Medal in 2005, the Erwin Plein Nemmers Prize in 2012, and the 2016 BBVA Frontiers of Knowledge Award, as well as the Distinguished Science Award from the Turkish Sciences Association in 2006 and a Carnegie Fellowship in 2017.

Metanoia Lab | Liderança, inovação e transformação digital, por Andrea Iorio
Ep. 177 | Desinteligência Artificial? O "paradoxo da produtividade" e o porque a IA pode não cumprir suas expectativas. Daren Acemoglu comentado por Andrea Iorio.

Metanoia Lab | Liderança, inovação e transformação digital, por Andrea Iorio

Play Episode Listen Later Jul 30, 2024 21:08


Neste episódio da quarta temporada do Metanoia Lab, patrocinado pela Oi Soluções, o Andrea (andreaiorio.com) analisa uma frase do Daren Acemoglu, economista turco-americano, professor no Instituto de Tecnologia de Massachusetts e um dos economistas mais influentes de sua geração, que fala sobre a desinteligência artificial. O "paradoxo da produtividade" e o porque a IA pode não cumprir suas expectativas. Tudo isso comentado pelo Andrea Iorio nesse episódio do Metanoia Lab. 

The Nonlinear Library
EA - Contra Acemoglu on AI by Maxwell Tabarrok

The Nonlinear Library

Play Episode Listen Later Jun 29, 2024 9:08


Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Contra Acemoglu on AI, published by Maxwell Tabarrok on June 29, 2024 on The Effective Altruism Forum. The Simple Macroeconomics of AI is a 2024 working paper by Daron Acemoglu which models the economic growth effects of AI and predicts them to be small: About a .06% increase in TFP growth annually. This stands in contrast to many predictions which forecast immense impacts on economic growth from AI, including many from other academic economists. Why does Acemoglu come to such a different conclusion than his colleagues and who is right? First, Acemoglu divides up the ways AI could affect productivity into four channels: 1. AI enables further (extensive-margin) automation. Obvious examples of this type of automation include generative AI tools such as large language models taking over simple writing, translation and classification. 2. AI can generate new task complementarities, raising the productivity of labor in tasks it is performing. For example, AI could provide better information to workers, directly increasing their productivity. Alternatively, AI could automate some subtasks (such as providing readymade subroutines to computer programmers) and simultaneously enable humans to specialize in other subtasks, where their performance improves. 3. AI could induce deepening of automation - meaning improving performance, or reducing costs, in some previously capital-intensive tasks. Examples include IT security, automated control of inventories, and better automated quality control 4. AI can generate new labor-intensive products or tasks. Each of these four channels is referring to specific mechanism in his task-based model of production. Automation raises the threshold of tasks which are performed by capital instead of labor Complementarities raises labor productivity in non-automated tasks Deepening of automation raises capital productivity in already-automated tasks New tasks are extra production steps that only labor can perform in the economy, for example, the automation of computers leads to programming as a new task. The chief sin of this paper is dismissing the latter half of these mechanisms without good arguments or evidence. "Deepening automation" in Acemoglu's model means increasing the efficiency of tasks already performed by machines. This raises output but doesn't change the distribution of tasks assigned to humans vs machines. AI might deepen automation by creating new algorithms that improve Google's search results on a fixed compute budget or replacing expensive quality control machinery with vision-based machine learning, for example. This kind of productivity improvement can have huge growth effects. The second industrial revolution was mostly "deepening automation" growth. Electricity, machine tools, and Bessemer steel improved already automated processes, leading to the fastest rate of economic growth the US has ever seen. In addition, this deepening automation always increase wages in Acemoglu's model, in contrast to the possibility of negative wage effects from the extensive margin automation that he focuses on. So why does Acemoglu ignore this channel? I do not dwell on deepening of automation because the tasks impacted by (generative) AI are quite different than those automated by the previous wave of digital technologies, such as robotics, advanced manufacturing equipment and software systems. This single sentence is the only justification he gives for omitting capital productivity improvements from his analysis. A charitable interpretation of this argument acknowledges that he is only referring to "(generative) AI", like ChatGPT and Midjourney. These tools do seem more focused on augmenting human labor rather than doing what software can already do, but more efficiently. Though Acemoglu is happy to drop the "generative" qualifier everywhere ...

Erklär mir die Welt
#305 Erklär mir die Industrielle Revolution, Andreas Resch

Erklär mir die Welt

Play Episode Listen Later Jun 4, 2024 93:43


Warum ist Europa viel reicher als der Rest der Welt? Um diese Frage zu beantworten reisen wir in dieser Folge zurück in die Geschichte der Industriellen Revolution.  Es erklärt der Historiker Andreas Resch.Andreas Resch ist Historiker an der Wirtschaftsuniversität Wien. ***Drei Buchtipps von Andreas Resch:A Culture of Growth: The Origins of the Modern Economy von Joel MokyrThe British Industrial Revolution in Global Perspective von Robert AllenGreat Divergence: China, Europe, and the Making of the Modern World Economy von Kenneth Pomeranz***Weiterführende Links zum InterviewAdam Smith und die Nadelfabrik (Arbeitsteilung)David Ricardo und sein komparativer Kostenvorteil, einfach erklärtDie Studie zu Bangladesch, die Andreas zitiert hat: Manufacturing growth and the lives of Bangladeshi womenDie Erfolge Indiens bei der Armutsbekämpfung kann man etwa bei der Brookings Institution nachlesenÜber die Wichtigkeit von Institutionen hat etwa Joel Mokyr geschrieben: The Institutional Origins of the Industrial RevolutionDouglass North hat den Nobelpreis für seine Arbeit zu Institutionen gewonnen. Seine Rede hier ist eine gute EinführungRobert Allen über die Spinning Jenny: The Industrial Revolution in Miniature: The Spinning Jenny in Britain, France, and India.Die Arbeit von Acemoglu, die angesprochen wurde: The Rise of Europe: Atlantic Trade, Institutional Change and Economic GrowthNoch eine ganz zentrale, einflussreiche Arbeit von Acemoglu: The Colonial Origins of Comparative Development: An Empirical InvestigationPeer Vries: The California School and Beyond: How to Study the Great Divergence?Jan de Vries: The Industrial Revolution and the Industrious Revolution  ***Erklär mir die Welt hilft dir dabei, die Welt besser zu verstehen. Hilf wie 370+ andere Hörer:innen mit, den Podcast zu finanzieren. Danke an alle Unterstützer:innen! ***So kannst du noch mithelfen Schick uns deine Fragen und Wünsche für EpisodenErzähl uns von dir! Mach bei der Hörer:innen-Befragung mit ***Du willst mehr?Bewirb dich als Hörer:in des MonatsHol dir Updates zum Podcast per WhatsApp, Newsletter, Telegram oder SignalFolge uns bei Tiktok, Instagram und FacebookQuatsche mit anderen Hörer:innen auf DiscordAlle Folgen ab Mai 2023 gibt es mit Video auf YouTubeSchau im Merch-Shop vorbeiHier kannst du Werbung im Podcast buchenAndreas' Buch "Alles gut?!" darüber, was er im Kampf gegen Armut auf der Welt beitragen kann ***Das Team:Mitarbeit: Sidonie SagmeisterVermarktung: Missing LinkAudio Production: Audio Funnel Video Production: DomotionLogo: Florian HalbmayrMusik: Something Elated by Broke For Free, CC BYBeatbox am Ende: Azad Arslantas

AI DAILY: Breaking News in AI
FEW USE AI DAILY

AI DAILY: Breaking News in AI

Play Episode Listen Later May 29, 2024 3:41


Plus Zuck Regains Cred (subscribe in the links below) Get a free 20-page AI explainer: AI FROM ZERO plus these stories and more, delivered to your inbox, every weekday. Subscribe to our newsletter at https://aidaily.us  Like this? Get AIDAILY, delivered to your inbox, every weekday. Subscribe to our newsletter at https://aidaily.us Hardly Anyone Actually Uses Generative AI A study by the Reuters Institute and Oxford University reveals that while ChatGPT is the most recognized generative AI tool, only a small percentage use it daily. Younger people are more likely to use these tools, but overall regular usage remains low. Bilingual AI Brain Implant Helps Stroke Survivor Communicate Scientists at UCSF have developed an AI-powered brain implant enabling a stroke survivor to communicate in both Spanish and English. The implant decodes brain activity into sentences, allowing the user to switch languages seamlessly, offering hope for more natural communication among bilingual individuals with paralysis.  Zuck Regains Cred Mark Zuckerberg has regained favor in Silicon Valley by promoting open-source artificial intelligence. Developers appreciate that Meta's AI system, released last summer, allows for free modification and reuse, contrasting with the closed models of Google, OpenAI, and Microsoft. This move aligns Zuckerberg with the hacker ethos and has earned him support from the tech community. AI Writes More Convincing Restaurant Reviews Than Humans A Yale study led by Balázs Kovács revealed that GPT-4 generates restaurant reviews more convincingly than humans. Participants misidentified AI reviews as human-written more often than not and expressed greater confidence in these misidentifications. This raises concerns about AI's potential to produce hyperrealistic fake content, affecting trust in various domains, including elections. AI Models Have Favorite Numbers AI models display surprising human-like biases in selecting random numbers. A study by Gramener showed that major AI chatbots, including OpenAI's GPT-3.5 Turbo, Anthropic's Claude 3 Haiku, and Google's Gemini, consistently prefer certain numbers and avoid others, mimicking human tendencies. This behavior highlights AI's reliance on past data rather than true randomness, underscoring the anthropomorphic traits AI can exhibit. MIT Professor Predicts AI Won't Boost GDP as Expected AI's impact on GDP and productivity may be overestimated, argues MIT professor Daron Acemoglu in a National Bureau of Economic Research paper. Skeptical of optimistic forecasts, Acemoglu estimates AI will only boost GDP growth by 0.93% to 1.16% over the next decade. Additionally, AI might not reduce inequality and could widen the income gap between capital owners and workers. --- Send in a voice message: https://podcasters.spotify.com/pod/show/aidaily/message

PODCAST: Hexapodia LVIII: Acemoglu & Johnson Should Have Written About Technologies as Labor-Complementing or Labor-Substituting

"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong

Play Episode Listen Later Mar 19, 2024 68:18


In which Noah Smith & Brad DeLong wish Daron Acemoglu & Simon Johnson had written a very different book than their "Power & Progress" is...Key Insights:* Acemoglu & Johnson should have written a very different book—one about how some technologies complement and others substitute for labor, and it is very important to maximize the first.* Neither Noah Smith nor Brad DeLong is at all comfortable with “power” as a category in economics other than as the ability to credibly threaten to commit violence or theft.* Acemoglu & Robinson's Why Nations Fail is a truly great book. Power & Progress is not.* We should not confuse James Robinson with Simon Johnson* Billionaires running oligopolistic tech firms are not trustworthy stewards of the future of our economy.* The IBM 701 Defense Calculator of 1953 is rather cool. * The lurkers agree with Noah Smith in the DMs.* The power loom caused technological unemployment because the rest of the value chain—cotton growing, spinning, and garment-making—was rigid, hence the elasticity of demand for the transformation thread → cloth was low.* We need more examples of bad technologies than the cotton gin and the Roman Empire.References: * Acemoglu, Daron, & Simon Johnson. 2023. Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York; Hachette Book Group. * Acemoglu, Daron, & James A. Robinson. 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Publishers. * Besi. 2023. “Join us Tues. Oct. 10 at 4pm Pacific for a talk by @MITSloan's Simon Johnson…” Twitter. October 9. .* DeLong, J. Bradford. 2024. “What To Do About the Dependence of the Form Progress Takes on Power?: Quick Takes on Acemoglu & Johnson's "Power & Progress”. Grasping Reality. February 29.* DeLong, J. Bradford; & Noah Smith. 2023. “We Cannot Tell in Advance Which Technologies Are Labor-Augmenting & Which Are Labor-Replacing”. Hexapodia. XLIX, July 7. * Gruber, Jonathan, & Simon Johnson. 2019. Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream.The book is available on the Internet Archive: .* Johnson, Simon, & James Kwak. 2011. 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. New York: Vintage Books. .* Smith, Noah. 2024. “Book Review: Power & Progress”. Noahpinion. February 21. * Walton, Jo. 1998. “The Lurkers Support Me in Email”. May 16. .+, of course:* Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. . Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Take off
S3E5 - La nouvelle économie institutionnelle - avec Ishac Diwan

Take off

Play Episode Listen Later Feb 6, 2024 44:35


Seconde partie de l'épisode en compagnie d'Ishac Diwan (enseignant à l'ENS et directeur de recherche du FinDevLab, ex-HKS, ex-Banque Mondiale).Dans cette partie nous évoquons avec lui les conclusions de l'école de la nouvelle économie institutionnelle (North, Williamson, Olstrom, Acemoglu&Robinson) sur le rôle que jouent les institutions dans la croissance économique inclusive des pays et le contrôle de la violence.Nous abordons ce cadre analytique à la fois d'un point de vue théorique, et en traitant d'exemples concrets : Egypte, Argentine, Tunisie, etc.Ishac Diwan nous livre également son analyse de la situation du Liban, et sa proposition de roadmap pour une sortie de crise rapide et juste.

The Prospect Interview
Daron Acemoglu: The Top Thinker of 2024

The Prospect Interview

Play Episode Listen Later Jan 24, 2024 41:08


Economist Daron Acemoglu is officially Prospect's Top Thinker of 2024. A professor of economics at the Massachusetts Institute of Technology, Acemoglu is an expert in labour, technology, development and political economy. His work tackles a difficult problem: how can we ensure power and reward are shared fairly as technology remakes our world? Acemoglu joins Prospect contributing editor Tom Clark on the podcast to discuss all that, plus democracy, liberty and the institutions that uphold them. Hosted on Acast. See acast.com/privacy for more information.

A Correction Podcast
Best of: James Robinson on the Origins of the Industrial Revolution

A Correction Podcast

Play Episode Listen Later Oct 4, 2023


James Robinson is an economist and political scientist. He is currently the Reverend Dr. Richard L. Pearson Professor of Global Conflict Studies and University Professor at the Harris School of Public Policy, University of Chicago. Robinson has conducted influential research in the field of political and economic development and the factors that are the root causes of conflict. His work explores the underlying relationship between poverty and the institutions of a society and how institutions emerge out of political conflicts.Robinson has a particular interest in Latin America and Sub-Saharan Africa. He is widely recognized as the co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty, with Daron Acemoglu, the Elizabeth and James Killian Professor of Economics at MIT. Translated into 32 languages since its publication in 2012, the book offers a unique historic exploration of why some countries have flourished economically while others have fallen into poverty. He has also written and coauthored numerous books and articles, including the acclaimed Economic Origins of Dictatorship and Democracy (also with Acemoglu). Portrait of Henry VIII by Joos van Cleve Subscribe to our newsletter today A Correction Podcast Episodes RSS

On Humans
26 | Do Machines Improve the Human Condition? ~ Daron Acemoglu

On Humans

Play Episode Listen Later Sep 10, 2023 48:28


Machines allow us to do more work with less effort. They sound like an obviously good thing. But there is a tension here. New gadgets and new technologies - new simple “machines” - have been invented throughout history. But it looks like the living standard of the average person did not change for most of that time. So what happened to all the extra output from new technologies? And how is this relevant to our age of computers, robots, and AI?  To discuss these themes, I am joined by MIT professor Daron Acemoglu. Acemoglu is a true legend in his field. In 2015, he was ranked the single most cited economist of the past 10 years. And his most famous book, Why Nations Fail, (co-authored with James Robinson) is known by many students of economics as the only history book they ever had to read.  But today's conversation is not about Why Nations Fail. It is about Acemoglu's new book, Power and Progress: Our 1000-Year Struggle Over Technology (co-authored with Simon Johnson). In many ways, this is a typical Acemoglu book: it is a doorstopper that uses an array of historical lessons to draw messages for the present. And as before, it asks economists to take democratic politics more seriously. But in other ways, this is quite different from his previous books. For me, it felt much darker – especially in its portrayal of rich countries such as the US. But Acemoglu affirmed to me that he is still an optimist. He even tells me that the reason is related to the theme of this podcast series... I will let him tell you why. We discuss topics such as: Why have so many machines failed to benefit the common folk?  Why things changed for the better in the late 1800s - and why my past guests are wrong about the reasons? Have we started backsliding again?  Does this explain the political turmoil of today - especially in the US? Why Acemoglu is not against technological progress - but has a message to tech leaders  What has his work in economics taught Acemoglu about humanity? ____ SUPPORT THE SHOW Please consider becoming a supporter of On Humans. Even small monthly donations can make a huge impact on the long-term sustainability of the program. Visit: ⁠⁠⁠⁠Patreon.com/OnHumans ⁠⁠⁠⁠ Get in touch: ilari@onhumans.org _____ Oded Galor (episodes 12 & 13), Brad DeLong (episode 18) / Josh Ober / Ian Morris / Samuel Bowles / Herbert Gintis /John Hicks / H. J. / Robert Allen / Habakkuk / Joel Mokyr / Elon Musk / Pascual Restrepo Other terms and references Malthusian dynamics (of population growth “eating away” any increases in production)  Chartists and Luddites (19th Century British political movements)

EconTalk
Daron Acemoglu on Innovation and Shared Prosperity

EconTalk

Play Episode Listen Later Jul 31, 2023 66:15


Economist and author Daron Acemoglu of MIT discusses his book Power and Progress with EconTalk host Russ Roberts. Acemoglu argues that the productivity and prosperity that results from innovation is not always shared widely across the population. He makes the case for the importance of regulating new technologies to ensure that the benefits of innovation are distributed equitably.

The Foresight Institute Podcast
Existential Hope Podcast: Daron Acemoglu | New Paths For Human-Technology Synergy

The Foresight Institute Podcast

Play Episode Listen Later Jul 27, 2023 56:58


In this episode we welcome renowned academic and author, Daron Acemoglu, Institute professor and Economist at MIT.Drawing upon his rich experiences and his forthcoming book 'Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity,' Acemoglu navigates the complex landscape of technological progress. He sheds light on how technology can either sideline or empower humans, depending on how it's harnessed. With a focus on the potential for technological disparity and the importance of steering advancements towards inclusivity, Acemoglu's insights provoke thoughtful reflection.Whether you're a technologist, an economist, or simply someone intrigued by the future of our society, this episode with Daron Acemoglu will offer you fresh perspectives on the intersection of technology, economics, and power dynamics. Full transcript, list of resources, and art piece: https://www.existentialhope.com/podcasts Existential Hope was created to collect positive and possible scenarios for the future, so that we can have more people commit to the creation of a brighter future, and to start mapping out the main developments and challenges that need to be navigated to reach it. Find all previous podcast episodes here, always featuring a full transcript, artwork inspired by the episode, and a list of recommended resources from the podcast. Existential Hope is a Foresight Institute project. The Foresight Institute is a research organization and non-profit that supports the beneficial development of high-impact technologies. Allison Duettmann is the president and COO of Foresight Institute. She directs the Intelligent Cooperation, Molecular Machines, Biotech & Health Extension, Neurotech, and Space Programs, Fellowships, Prizes, and Tech Trees, and shares this work with the public. Beatrice Erkers is Director of the Existential Hope project at Foresight Institute. Her special interest in the integration of technology and society has led her to work for Foresight Institute.Apply to Foresight's virtual salons and in person workshops here!We are entirely funded by your donations. If you enjoy what we do please consider donating through our donation page.Visit our website for more content, or join us here:TwitterFacebookLinkedInEvery word ever spoken on this podcast is now AI-searchable using Fathom.fm, a search engine for podcasts. Hosted on Acast. See acast.com/privacy for more information.

Bookey App 30 mins Book Summaries Knowledge Notes and More
Why Nations Fail: Geography in Shaping Nations

Bookey App 30 mins Book Summaries Knowledge Notes and More

Play Episode Listen Later Jul 5, 2023 11:47


Chapter 1:Is Why Nations Fail Useful? The book provides a comprehensive analysis of various historical case studies and presents a compelling framework to explain why some nations thrive while others struggle. It highlights the importance of inclusive institutions that promote property rights, equal opportunities, and the rule of law, as opposed to extractive institutions that concentrate power and wealth in the hands of a few. By examining the interplay between politics, economics, and history, "Why Nations Fail" offers valuable insights into the root causes of poverty, inequality, and underdevelopment. It challenges conventional wisdom and sheds light on how institutional arrangements shape a nation's trajectory. Furthermore, the book sparks important debates and discussions among scholars, policymakers, and those interested in development issues. Its accessible writing style makes it suitable for a wide audience, allowing readers to understand complex concepts and theories without prior expertise. Overall, "Why Nations Fail" is a valuable resource that can deepen our understanding of the dynamics behind national success or failure. It offers a framework for analyzing and addressing the challenges faced by different countries, providing insights that can inform policy decisions and efforts to promote inclusive growth and development. Chapter 2:Why Nations Fail Main Perspectives Institutional Perspective: According to Acemoglu and Robinson, successful nations have inclusive economic and political institutions, while failed nations have extractive institutions. Inclusive institutions are characterized by properties such as secure property rights, equal access to economic opportunities, impartial rule of law, and a level playing field for all individuals. These institutions encourage innovation, entrepreneurship, and investment. Extractive institutions, on the other hand, concentrate power and resources in the hands of a few elites, leading to widespread corruption, political instability, and limited economic growth. Historical Perspective: The authors also emphasize the importance of historical events and path dependence in shaping a nation's institutions and its subsequent success or failure. Critical junctures, such as revolutions, wars, or major social changes, can alter the trajectory of a country. For example, nations that experienced inclusive institutions during these pivotal moments tend to continue on a path of development and prosperity, while those with extractive institutions may remain trapped in poverty and underdevelopment. Chapter 3:How Does Why Nations Fail End In the concluding chapters of the book, Acemoglu and Robinson argue that inclusive institutions are crucial for sustained economic growth and prosperity. They emphasize that nations with inclusive institutions, which provide a level playing field and allow for broad participation and opportunity, tend to be more successful in fostering innovation, investment, and entrepreneurship. On the other hand, the authors highlight the detrimental effects of extractive institutions, where power and wealth are concentrated in the hands of a few individuals or groups. Such institutions hinder economic progress, stifle innovation, and perpetuate poverty by limiting access to resources and opportunities for the majority of people. Acemoglu and Robinson present historical case studies from various countries to support their arguments. They explore how different types of institutions have shaped the destinies of nations throughout history, focusing on...

Atemporal
#89 - Javier Mejía - Colombia, élites dispersas, rebelión, y el apetito por la singularidad

Atemporal

Play Episode Listen Later Jul 5, 2023 110:26


Javier Mejía (https://twitter.com/JavierMejiaC) es doctor en economía y profesor de Stanford. Pueden encontrar sus investigaciones, columnas, y podcasts en https://javiermejia.mystrikingly.com/ Libros y recursos mencionados: Los orígenes del hombre americano - Rivet (https://www.iberlibro.com/servlet/BookDetailsPL?bi=30463947825&searchurl=an%3Dpaul%2Brivet%26pt%3Dbook%26sortby%3D17%26tn%3Dlos%2Bor%25EDgenes%2Bdel%2Bhombre%2Bamericano&cm_sp=snippet-_-srp1-_-title2)Social Categorization and intergroup behavier - Tajfel et al (https://onlinelibrary.wiley.com/doi/abs/10.1002/ejsp.2420010202)Pensar rápido, pensar despacio - Daniel Kanheman y Amos Tversky (https://bukz.co/products/pensar-rapido-pensar-despacio) Por qué fracasan los países - Acemoglu y Robinson (https://bukz.co/products/por-que-fracasan-los-paises) Is history a process? - Roth (https://www.cambridge.org/core/journals/social-science-history/article/abs/is-history-a-process-nonlinearity-revitalization-theory-and-the-central-metaphor-of-social-science-history/4A2CAA8D0EB32526089983E1589DFFAC) La eterna parranda - Alberto Salcedo Ramos (https://bukz.co/products/la-eterna-parranda) El ruido y la furia - William Faulkner (https://bukz.co/products/el-ruido-y-la-furia) Empresariado y sociedad - Nicanor Restrepo (https://bukz.co/products/empresariado-antioqueno-y-sociedad-1940)

Stephanomics
The Key to Making AI a Benefit, Not a Hazard

Stephanomics

Play Episode Listen Later Jun 1, 2023 33:50


The idea that artificial intelligence would someday replace humans in certain jobs is nothing new. Now, as some companies make plans for this new reality, it's still an open question as to whether AI should be feared--or embraced as a technology that will make the world a better place. On this episode, Daron Acemoglu, an economics professor at the Massachusetts Institute of Technology, tells Stephanie that while it may be right to be concerned, people shouldn't be scared. They discuss a new book co-authored by Acemoglu, Power and Progress, and whether AI will yield benefits similar to those conferred by other technological and scientific advancements throughout history. The key to making AI work in the long run, Acemoglu says, is that workers maintain a role and a voice through protections like unions and government regulation. Without those guardrails, he warned, AI may indeed sideline more humans from the workforce.  See omnystudio.com/listener for privacy information.

Capitalisn't
Is Technological Progress Good For Everyone? With Daron Acemoglu

Capitalisn't

Play Episode Listen Later May 18, 2023 52:27


In his new book, "Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity", renowned MIT Professor of Economics Daron Acemoglu (with co-author Simon Johnson) argues that the benefits from technological progress are shaped by the distribution of power in society. In this episode, Acemoglu joins Bethany and Luigi to discuss the key challenges of ensuring that this progress benefits everyone, not just the wealthy and powerful. They discuss the rules, norms, and expectations around technology governance, the unintended consequences of AI development, and how the mismanagement of property rights, especially over data, can reinforce inequality and exploitation.Show Notes:In case you missed it, revisit our recent episode with David Autor, referenced in this discussionRevisit "Democracy and Economic Growth: New Evidence," co-authored by Daron Acemoglu, on ProMarket

444
Borízű #110: Az irodalomkönyv súlyos, nem a bomberes bohócok

444

Play Episode Listen Later Feb 19, 2023 47:57


0:29 Uj Péter közleményben teszi helyre Winkler Róbertet. Most akkor miért menjünk el szavazni? Uj Péter digitál-analóg-digitál technológiája. 03:50 Uj Péter most már tényleg közleményben teszi helyre Winkler Róbertet. 06:41 Fák és antifák. Hadházyt azért nehéz belekeverni. Jámbor Andrásra nézve ki lát agressziót? 10:34 Lelkes nemzetközi teljesítménytúrázók Wehrmacht-sisakban. Magyarországon nem a bomberes bohócok jelentik a szélsőjobboldali problémát. Hoppál Péterhez állsz közelebb, vagy a skinheadekhez? 14:22 Az irodalomkönyv súlyos, nem az ustawka. Kiket vertek meg a fák és kiket az antifák? Eddig miért nem volt ilyen és most miért van? A magyar szélsőbaloldali szubkultúra megerősödése. 19:27 Nem, Hitler nem csinált jó dolgokat. Tubával a nácik ellen. Hány szavazatot hoz ez az ISZOMM-nak? Jámbor András elhatárolódása. 23:05 Kínai kémbalom. A háttér-balomipar. Elta Systems. 26:40 Hogy kell balmot irányítani? Winkler Róbert, a tapasztalt légbalmos. Montgolfier József és Béla tüzérségileg pontosít. 28:03 Hozomra ebédelni a külvárosban és a belvárosban. Tartozás az Illatos Csirke büfében. A zöldséges, aki elszégyellte magát. 34:00 És most, művészet! A nem manchesteri Guardian operakritikája. Fradista az Operaházban. Hiányos ismereteink Tolsztojról és Prokofjevről. 38:20 Uj Péter moziban. A Bálna és Brendan Fraser. A bálna három fő része ott obézol egyedül. 42:15 Mi lesz a következő, egy kurva nagy mobiltelefon? 5600 forintért ott ülök! 300 kiló, de nem tud színjátszani. 44:57 Kizsákmányoló intézményrendszer a szlovén kisüzemi sörmanufaktúra ellen. Neked az Acemoglu is kommunista? A sör jó legalább? See omnystudio.com/listener for privacy information.

Bookey App 30 mins Book Summaries Knowledge Notes and More
Why Nations Fail Full Free Audio Book Summary

Bookey App 30 mins Book Summaries Knowledge Notes and More

Play Episode Listen Later Jan 19, 2023 11:47


Why Nations Fail Full Free Audio Book SummaryCome to Bookey Book Summary to unlock more content. Why are some nations wealthy and others poor? Why is it that vastly different institutions can emerge in two nations of similar backgrounds and origins, with a huge disparity in the respective quality of life of their citizens? Just what exactly determines a country's future? This book combs through the developmental history of human civilization and analyses the case studies of over twenty countries in great detail to show us why different countries have different institutions, and how good and bad institutions can influence a nation's destiny. Overview | Chapter 1Hi, welcome to Bookey. Today we will unlock the book Why Nations Fail: The Origins of Power, Prosperity and Poverty. What is the greatest challenge facing mankind today? Every person has a different answer to this question. Jared Diamond, the Pulitzer Prize-winning author of the bestselling sociology classic Guns, Germs and Steel, which we have unlocked for you in a previous bookey, believes that the problem of income disparity among various countries around the world can be considered the greatest challenge facing humanity today. The per capita income of Egypt is only 12% that of the United States – this is a shocking figure, and it is arguably one of the key factors for Egypt's political instability. However, this example is not even the largest disparity known to exist between countries. The gap between the per capita income of the United States and that of the poorest countries in the world is much larger – in those countries, even a full meal might be considered a luxury. What exactly causes this disparity? Why are some nations prosperous with a flourishing population, while others are impoverished with their people in deep suffering? Can poor countries ever change their destiny, or are they doomed to fail? Since the dawn of time, countless experts have tried to answer this question. The book Why Nations Fail provides us with a short answer: institutions. While this answer appears to be deceptively simple, it is full of complexities. It took the authors of this book fifteen years of dedicated research to arrive at this answer. Both authors are leading economists: Daron Acemoglu is a professor at the Massachusetts Institute of Technology and recipient of the prestigious John Bates Clark Award, and James Robinson is a professor at Harvard University and world-renowned expert in Latin American and African studies. Over the course of fifteen years, these two experts pored over thousands of years of human history, and compared the developmental processes of over twenty countries. They came to the conclusion that differences in institutions are responsible for the different fates of various countries around the world. In this book, Acemoglu and Robinson analyze volumes of historical case studies to show us why different countries developed different institutions in the first place, how the earliest institutions came about, and how good and bad institutions can influence a nation's destiny.