Podcasts about why nations fail the origins

For this episode of the Global Exchange podcast, Colin Robertson moderates a panel of prominent experts on their first takeaways from the Inauguration and considerations for how Canada should respond to the coming storm. Participants' bios - Martha Hall Findlay is the Director and Palmer Chair, of the School of Public Policy at the University of Calgary. - Glenn Williamson is the Founder and Chief Executive Officer of the Canada Arizona Business Council - Bernard Etzinger is a former Canadian diplomat with assignments in New York, Silicon Valley and Washington, DC - John Parisella is a Senior Advisor, Business Outreach at NATIONAL Public Relations and a former delegate general in New York City and Washington D.C. for the Government of Quebec Host bio: Colin Robertson is a former diplomat and Senior Advisor to the Canadian Global Affairs Institute, www.cgai.ca/colin_robertson Read & Watch: - "Permacrisis: A Plan to Fix a Fractured World" - https://www.amazon.ca/Permacrisis-Plan-Fix-Fractured-World/dp/1398525618 - "The End of the World Is Just the Beginning: Mapping the Collapse of Globalization" - https://www.amazon.ca/End-World-Just-Beginning-Globalization/dp/006323047X - "Autocracy, Inc." - https://www.penguinrandomhouse.com/books/725302/autocracy-inc-by-anne-applebaum/ - "Good To Great: Why Some Companies Make the Leap...And Others Don't" https://www.amazon.ca/Good-Great-Some-Companies-Others/dp/0066620996 - "Pod Save America" - https://podcasts.apple.com/us/podcast/pod-save-america/id1192761536 - "Why Nations Fail: The Origins of Power, Prosperity, and Poverty", https://www.amazon.ca/Why-Nations-Fail-Origins-Prosperity/dp/0307719227 - "Age of Revolutions: Progress and Backlash from 1600 to the Present" https://www.amazon.ca/Age-Revolutions-Progress-Backlash-Present/dp/0393239233 - "An Unfinished Love Story: A Personal History of the 1960s", https://www.amazon.ca/Unfinished-Love-Story-Personal-History/dp/1982108665 - "The Situation Room: The Inside Story of Presidents in Crisis" - https://www.amazon.ca/Situation-Room-Inside-Presidents-Crisis/dp/1538740761 - "Ebola, Bombs, and Migrants by Dr. Joanne Liu" - https://www.mcgill.ca/global-public-health/channels/event/book-launch-ebola-bombs-and-migrants-dr-joanne-liu-361139 - "In the Garden of Beasts: Love, Terror, and an American Family in Hitler's Berlin", https://www.amazon.ca/Garden-Beasts-Terror-American-Hitlers-ebook/dp/B004HFRJM6 - "Confronting Illiberalism: A Canadian Perspective" https://utorontopress.com/9781487561161/confronting-illiberalism/?srsltid=AfmBOop5wA_jcssCn6KE2O7qo1-kUp4aSX_9FvDwqcNwnsk554B1Wnz7 Recording Date: January 20, 2025.

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).

Daron Acemoglu is an esteemed economist and author, currently serving as the Killian Professor of Economics at the Massachusetts Institute of Technology. His main areas of research include political economy, economic development and growth, network economics, human capital and technological innovation. Much of his work studies the political, economic and social origins of the differences in economic development across societies. He has also explored the institutional and political evolution of nations and the role that technology plays in shaping economic growth. Acemoglu's track-record of addressing conventional economic principles in a highly original and astute fashion makes him one of the best regarded thought leaders in the field. Acemoglu is probably best known for his book - Why Nations Fail: The Origins of Power, Prosperity, and Poverty (co-authored with James Robinson), which made the New York Times Bestseller List in 2012. His other books include: Economic Origins of Dictatorship and Democracy (also with James Robinson), which was awarded the Woodrow Wilson and the William Riker prizes, Introduction to Modern Economic Growth and Principles of Economics (co-authored with David Laibson and John List) and The Narrow Corridor: States, Societies, and the Fate of Liberty (with James Robinson).

My guest today is Evgeny Klochikhin, Founder and CEO of Sheeva.ai. Sheeva.ai is a software and fintech company that enables payments within vehicles, making it easy to “charge and walk.” They are backed by strategic investors in the US, India, Germany, and Japan. Prior to Sheeva, Evgeny earned a PhD in innovation policy and technology and was a senior data scientist at the American Institutes for Research, a public relations specialist for the European Jewish Congress, and a journalist in Russia. In this episode, you'll learn these four important takeaways and much more. How a personal pain point was the origin of Sheeva's creation Why they had to pivot and make big changes to their business model How they found motivated strategic investors in four countries Two traits that make founders unstoppable and how he found them

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

Economist Daron Acemoglu likes to tackle big questions. He tells Steve how colonialism still affects us today, who benefits from new technology, and why democracy wasn't always a sure thing. SOURCE:Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology. RESOURCES: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)."Why Mental Health Advocates Use the Words 'Died by Suicide,'" by Nicole Spector (NBC News, 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:"'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)."Max Tegmark on Why Superhuman Artificial Intelligence Won't be Our Slave," by People I (Mostly) Admire (2021)."How to Prevent Another Great Depression," by Freakonomics Radio (2020)."Is Income Inequality Inevitable?" by Freakonomics Radio (2017).

for this episode of the Global Exchange podcast, Colin Robertson moderates a panel of prominent experts on Canada-U.S. relations on the mood of Americans during the 2024 Presidential Primaries, and what it could mean for Canada's relationship with the United States. Participants' bios - Bruce Stokes is a visiting senior fellow at the German Marshall Fund, and senior editor of the 2022 Transatlantic Trends Surve - David MacNaughton is the Canadian President of Palantir Technologies, a data analytics and software firm based in Denver, Colorado. Prior to this appointment, he was Canada's 24th Ambassador to the United States for three and a half years. - Gary Doer was the 23rd Canadian Ambassador to the United States and former Premier of Manitoba. - Louise Blais is a senior special advisor to the Business Council of Canada. Louise was Canada's Ambassador and Deputy Permanent Representative to the United Nations in New York from 2017-2021. Host bio: Colin Robertson is a former diplomat and Senior Advisor to the Canadian Global Affairs Institute, www.cgai.ca/colin_robertson Read & Watch: - "The Honourable John Norquay: Indigenous Premier, Canadian Statesman", by Gerald Friesen: https://www.amazon.ca/Honourable-John-Norquay-Indigenous-Statesman/dp/1772840580 - "Conflict: The Evolution of Warfare from 1945 to Ukraine", by David H. Petraeus: https://www.amazon.ca/Conflict-Evolution-Warfare-1945-Ukraine-ebook/dp/B0BSFRDD7F - "Why Nations Fail: The Origins of Power, Prosperity, and Poverty", by Daron Acemoglu and James A. Robinson: https://www.amazon.ca/Why-Nations-Fail-Origins-Prosperity/dp/0307719227 - "Before 1776: Life in the American Colonies", from The Great Courses: https://www.thegreatcourses.com/courses/before-1776-life-in-the-american-colonies Recording Date: January 25, 2023.

James Robinson is a prominent political scientist, economist and professor of global conflict studies at University of Chicago. Drawing insights from game theory and global history, Robinson has conducted influential research in the field of political and economic development and the factors that are the root causes of conflict. He is the co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty, which offers a unique historic exploration of why some countries have flourished economically while others have fallen into poverty.OBS. Det här är inte hela avsnittet. Vill du få tillgång till alla hela avsnitt? Bli medlem på Sista Måltiden.Som medlem får du tillgång till alla nya och gamla avsnitt i sin helhet och utan reklam. Lyssna i valfri podcast-app, inklusive Spotify. Enkelt att komma igång. Ingen bindningstid. Tryck här för att bli medlem eller gå in på https://sistamaltiden.se. Hosted on Acast. See acast.com/privacy for more information.

James Robinson is a prominent political scientist, economist and professor of global conflict studies at University of Chicago. Drawing insights from game theory and global history, Robinson has conducted influential research in the field of political and economic development and the factors that are the root causes of conflict. He is the co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty, which offers a unique historic exploration of why some countries have flourished economically while others have fallen into poverty.OBS. Det här är inte hela avsnittet. Vill du få tillgång till alla hela avsnitt? Bli medlem på Sista Måltiden.Som medlem får du tillgång till alla nya och gamla avsnitt i sin helhet och utan reklam. Lyssna i valfri podcast-app, inklusive Spotify. Enkelt att komma igång. Ingen bindningstid. Tryck här för att bli medlem eller gå in på https://sistamaltiden.se. Hosted on Acast. See acast.com/privacy for more information.

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

In this episode, Xavier Bonilla has a dialogue with Daron Acemoglu on technology, inequality, and power. They discuss how technological progress is a choice, defining progress, power of persuasion, and needs and innovations. They also talk about innovation, globalization, and automation in the post World War II era, AI and culture, fixing the challenges of technological inequality, and many more topics. Daron Acemoglu is an economist and Institute Professor of Economics in the Department of Economics at the Massachusetts Institute of Technology (MIT) and is part of the National Bureau Economic Research and Center for Economic Policy Research. He has his Bachelors in economics from the University of York, a Masters in mathematical economics and econometrics from the London School of Economics, and a PhD in economics from the London School of Economics. He is the author of six books including, Why Nations Fail: The Origins of Power, Prosperity, and Poverty, The Narrow Corridor: States, Societies, and the Fate of Liberty (with James A. Robinson), and his most recent book, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (with Simon Johnson). Website: https://mitsloan.mit.edu/faculty/directory/daron-acemogluTwitter: @dacemoglumit This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit convergingdialogues.substack.com

Quote: "Don't approach entrepreneurship from a position ofdesperation; instead, build and have leverage."The Afropolitan Podcast highlights Afropolitans who embrace theunknown and walk with purpose. Through this podcast, we aim to empowerAfricans in the Diaspora to maximize their potential and contribute tothe development of a vibrant and progressive black community.In this episode, we chat with Obinna Ukwuani, Chief Digital Officer atthe Bank of Kigali Plc, where he drives digital product development toachieve digital financial services objectives. Obinna, born in Americawith Nigerian roots, studied Economics at the Massachusetts Instituteof Technology (MIT). He founded and directed the Makers RoboticsAcademy Rwanda and NESA by Makers, and now serves as the Founder andDirector of Bruk Oil Mills in Enugu. Obinna previously worked atPaystack and shares his entrepreneurship insights in this episode.Obinna is passionate about education, entrepreneurship, and thetransformative power of Web3/Blockchain technologies for peopleworldwide. Join us as Obinna discusses his journey to the Bank ofKigali and the importance of digital technology and services insolving Africa's challenges.Obinna's Reading List:1. Why Nations Fail: The Origins of Power, Prosperity, and Poverty byDaron Acemoglu, James A. Robinson - https://amzn.to/3kD1fbO2. The Biafra Story: The Making of an African Legend by FrederickForsyth - https://amzn.to/3Zt7vBN3. The Four Loves by C.S. Lewis - https://amzn.to/3ICWJlDShow Notes:1:22 Introduction to the Afropolitan Podcast1:42 Obinna's background and journey to MIT, earning a BSc inEconomics7:28 Obinna's decision to return to Nigeria and his role innation-building and creating opportunities12:09 Obinna's work with the Makers Robotics Academy Rwanda and itsimpact on the local community14:14 Obinna shares his first significant encounter with failure andthe lessons learned20:46 Obinna discusses insights from working with Paystack and Bank ofKigali on technology's potential for Africans24:19 Obinna talks about his experience raising funds for startups andoffers advice for first-time founders navigating the fundraisingprocess28:35 The importance of managing desperation and balance whendealing with investors31:20 Sam Altman's New Yorker profile and the need for Africa toleapfrog - https://www.newyorker.com/magazine/2016/10/10/sam-altmans-manifest-destiny38:12 Obinna shares his thoughts on Web3 and Blockchain, addressingskepticism and guiding principles42:53 Books that have profoundly impacted Obinna's life50:27 Hypothetical title of a book about Obinna's life51:35 Obinna's perspective on what it means to be AfropolitanThe Afropolitan Podcast is hosted by Eche Emole, co-founder ofAfropolitan. Listen and subscribe on Apple Podcasts, Spotify, Jamit,or wherever you get your podcasts.Connect with Afropolitan:Twitter - https://twitter.com/afropolitanWebsite - https://www.afropolitan.io/

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.

We need to change the way we do philanthropy: it should be about sharing, not giving. Anshu Gupta joins Vasant Dhar in episode 49 of Brave New World to discuss his journey in building Goonj -- and why we need to rethink our frames. Useful resources: 1. Anshu Gupta on Goonj, Twitter, Instagram, LinkedIn and his own website. 2. Goonj. 3. James Robinson on What Makes a Successful State -- Episode 19 of Brave New World. 4. The Narrow Corridor: How Nations Struggle for Liberty — Daron Acemoglu and James A Robinson. 5. Why Nations Fail: The Origins of Power, Prosperity and Poverty —  Daron Acemoglu and James A Robinson. 6. Joseph Aoun on Becoming Robot-Proof -- Episode 45 of Brave New World. Check out Vasant Dhar's newsletter on Substack. Subscription is free!

Why are some nations rich whilst others are poor? Why is Mexico much poorer than the United States? Why is Latin America so fundamentally different from North America?  How is it possible that an average American is 40 times richer than an average Sierra Leonean?  Is it climate, geography, culture, or could it be the ignorance of domestic leaders? Our ICP host Waheed Rahman (@iwaheedo) sits down for an exhilarating episode probing the fundamental reasons why nations develop differently with none other than the world-renowned British economist and New-York Times best-selling author of the book "Why Nations Fail: The Origins of Power, Prosperity & Poverty" - James Robinson. In the episode, we cover: -the basics of institution building -the key differences between inclusive & extractive economic/political institutions and their impact on economies -what spurred development in some parts of the world and why others lagged behind -historical context behind what led to the rise and fall of nations -how to develop sustainable political and economic systems for successful nation building Follow our host Waheed Rahman (@iwaheedo),, for more updates on tech, civilizational growth, progress studies, and emerging markets. Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp for the episode.  (00:00) - Introduction (05:54) - James's background and what motivated him to study about institutions, economics & nations? (11:09) - Significance of democracy for nation building  (13:22) - Definition and importance of political/economic institutions (14:07) - Characteristics of inclusive and extractive institutions (16:51) - How can political centralization drive economic growth? (19:41) - Are inclusive institutions more democratic? (21:02) - Does democracy ensure economic development? (23:12) - Was the Industrial Revolution the biggest source of inequality in the world? (28:08) - Examples of nations with extractive forms of institutions  (30:47) - Impact of European Colonialism on poor countries  (35:57) - What sort of political/economic system drove China's economic growth? (40:36) - Is China's growth sustainable given the current authoritarian regime/institution policies? (42:56) - How do geography and culture impact economic development? (48:17) - What do virtuous and vicious circles mean in light of developing political/economic institutions? (58:05) - Outro

In the bestselling book – Why Nations Fail: The Origins of Power, Prosperity, and Poverty (2012), Daron Acemoglu and James Robinson ask why some nations are rich and others poor, divided by wealth and poverty, health and sickness, food and famine. They claim that it is neither culture, weather, nor geography. Rather, they argue that economic success depends on man-made political and economic institutions. In their latest book, The Narrow Corridor: States, Societies, and the Fate of Liberty (2019), Daron and Jim show that liberal-democratic states exist in between the alternatives of lawlessness and authoritarianism. And while the state is needed to protect people from domination at the hands of others in society, the state can also become an instrument of violence and repression. Society's default condition is anarchy (or the "Absent Leviathan"). The alternatives to chaos are despotism (the "Despotic Leviathan"), the powerless state (the "Paper Leviathan"), and the "Shackled Leviathan" (or state which equals the corridor between the Absent, Paper, and Despotic Leviathans). Thus, liberty originates from a delicate balance of power between state and society.Daron Acemoglu is Institute Professor in the Department of Economics at the Massachusetts Institute of Technology (MIT). Host:Professor Dan Banik, University of Oslo, Twitter: @danbanik  @GlobalDevPodApple Google Spotify YouTubehttps://in-pursuit-of-development.simplecast.com/

Africa is often portrayed in terms of dictators, starvation, corruption, tribalism, war, disease, poverty and crime. In this podcast Professor James A. Robinson of the University of Chicago who is co-author (with Daron Acemoglu of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Currency, 2013) explains why those stereotypes are often wrong and why he believes Africa has a brighter future than many think. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Africa is often portrayed in terms of dictators, starvation, corruption, tribalism, war, disease, poverty and crime. In this podcast Professor James A. Robinson of the University of Chicago who is co-author (with Daron Acemoglu of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Currency, 2013) explains why those stereotypes are often wrong and why he believes Africa has a brighter future than many think. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we will introduce the book titled Why Nations Fail. This book was written by Daron Acemoglu and James A. Robinson and it was first published in 2012. The author's view of the relationship between institutions and progress has gained the support of many readers, but there are others who criticize the book and say its ideas are simplistic. I wonder what you think about it. --- Vocabulary. Here is some English vocabulary that helps you understand the topic, and more importantly, this vocabulary helps you THINK about the topic. Here we go: Natural resources: Elements that can be used for economic gains, like forests, water, fertile land, oil, or minerals, such as gold, or copper, or silver. Procedure: An established or official way of doing something in a certain order or manner. Institutions: refers to entities with procedures and ways of doing things. The state apparatus that manages affairs in a country is an example of an institution. In fact, it is an institution composed of many other institutions doing different things. Institutional strengthening: The process of helping institutions develop and work better. Sustainable development: This happens when the economy develops without depleting the natural resources that society depends upon. Prerequisite: This is something that is required as a prior condition for something else to happen or exist. Political Pluralism: When political power is shared among many different actors with many different opinions and ideologies. --- The complete title of the book is: Why Nations Fail: The Origins of Power, Prosperity, and Poverty. As you would expect from a book with this title, the authors try to explain how some countries have managed to achieve high levels of prosperity, while others have consistently failed. The authors argue state that political and economic institutions — not culture, natural resources, genetics, religion, or geography — are the main reason why some nations have gotten rich while others remain poor. This is because institutions have a set of rules and enforcement mechanisms. A good example is North Korea and South Korea. Eighty years ago, the two were very similar, now, thanks to the impact of the different institutions south and north or the border, the two countries are very, very different. South Korea is prosperous; North Korea is not. North Korea has a very authoritarian government, South Korea is much less so. The authors say that pluralistic political institutions – where there is a wide range of thought and opinion –– can guarantee that the owners of existing monopolies will not be able to block the introduction of new technologies … new technologies that, according to the authors, are a necessary condition for the country's transition to sustainable development. Authors Acemoglu and Robinson also believe that another prerequisite is a sufficient level of centralization of power in the country. Without this centralization, political pluralism can become a real mess, and nothing will get done. It is a delicate balance. Some critics point out that there have been cases of countries without political plurality, who have in some cases been dictatorships, that have experienced rapid growth and deep economic reforms, for example, the experience of China in the 1980s. Others point out that there have also been cases of countries with pluralistic institutions which have exploited their natural resources without considering their sustainability at all.

Why Nations Fail is one of the best books I have read all year. Authors Acemoglu and Robinson insist that "development differences across countries are exclusively due to differences in political and economic institutions, and reject other theories that attribute some of the differences to culture, weather, geography or lack of knowledge about the best policies and practices. For example, "Soviet Russia generated rapid growth as it caught up rapidly with some of the advanced technologies in the world [but] was running out of steam by the 1970s" because of a lack of creative destruction. Daron Acemoglu is the Institute Professor in the Department of Economics at the Massachusetts Institute of Technology. He has received a BA in economics at the University of York, 1989, M.Sc. in mathematical economics and econometrics at the London School of Economics, 1990, and Ph.D. in economics at the London School of Economics in 1992. He was the recipient of the John Bates Clark Medal in 2005, awarded every two years to the best economist in the United States under the age of 40 by the American Economic Association, and the Erwin Plein Nemmers prize awarded every two years for work of lasting significance in economics. Professor Acemoglu’s areas of research include political economy, economic development and growth, human capital theory, growth theory, innovation, search theory, network economics and learning. His recent research focuses on the political, economic and social causes of differences in economic development across societies; the factors affecting the institutional and political evolution of nations; and how technology impacts growth and distribution of resources and is itself determined by economic and social incentives. In addition to scholarly articles, Daron Acemoglu has published four books: Economic Origins of Dictatorship and Democracy (joint with James A. Robinson), which was awarded the Woodrow Wilson and the William Riker prizes, Introduction to Modern Economic Growth, Why Nations Fail: The Origins of Power, Prosperity, and Poverty (joint with James A. Robinson), which was a New York Times bestseller in 2012; and Principles of Economics (joint with David Laibson and John List). HELP ME CROWDFUND MY GAMESTOP BOOK. Go to https://wen-moon.com to join the crowdfunding campaign and pre-order To The Moon: The GameStop Saga! If you haven’t already and you enjoyed this episode, please subscribe to this podcast and our mailing list, and don’t forget, my book, Brexit: The Establishment Civil War, is now out, you’ll find the links in the description below. Dash - https://www.dash.org Watch Us On Odysee.com - https://odysee.com/$/invite/@TheJist:4 Sign up and watch videos to earn crypto-currency! Buy Brexit: The Establishment Civil War - https://amzn.to/39XXVjq Mailing List - https://www.getrevue.co/profile/thejist Twitter - https://twitter.com/Give_Me_TheJist Website - https://thejist.co.uk/ Music from Just Jim –

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

Luis is a digital heritage specialist, his career has taken him to London, New York, The Hague, and now Lisbon. A strong believer in the important role cultural heritage plays in society, Luis spends most of his time helping Portuguese museums make their collections available online whilst advocating for open access policies. He is a keen amateur photographer having exhibited in various places, amongst the Orient Foundation Museum in Lisbon. Luis regularly fails at surfing and has a little vegetable patch to which he dedicates far too much of his time and energy. Luís' linktr: https://linktr.ee/LuisRamosPinto Book recommended by Luís: Why Nations Fail - The Origins of Power, Prosperity, and Poverty by Daron Acemoglu and James Robinson.

Just like people, nations are not perfect and deducing where things go wrong can prove to be difficult. Where do you look, what do you need to analyze and how far must one trickle down this rabbit hole to find a solution worth anything? The crew attempts to find out!Check out the book here: Why Nations Fail: The Origins of Power, Prosperity, and Poverty Daron Acemoglu and James Robinson

In this episode of the McKinsey Global Institute's Forward Thinking podcast, hosts Michael Chui and Anna Bernasek speak with Daron Acemoglu. Daron is a professor of economics at the Massachusetts Institute of Technology (MIT), a coauthor (with James A. Robinson) of Why Nations Fail: The Origins of Power, Prosperity and Poverty, and the author of many influential academic papers. His research covers a range of topics, including political economy, economic development, economic growth, technological change, inequality, labor economics, and economics of networks. The conversation focuses in on how we make growth happen in a world of technological change that is largely disrupting labor markets. As Daron puts it, “I believe that the political economy of growth ... and technology, automation, AI—those [things] are intimately connected.” The influential economist connects the dots between artificial intelligence, productivity, wages, and inequality, and how to counterbalance the impacts of automation. This conversation was recorded in April 2021. To read a transcript of this episode, visit: https://mck.co/daron Follow @McKinsey_MGI on Twitter and the McKinsey Global Institute on LinkedIn for more.See www.mckinsey.com/privacy-policy for privacy information

In this episode of the McKinsey Global Institute's Forward Thinking podcast, hosts Michael Chui and Anna Bernasek speak with Daron Acemoglu. Daron is a professor of economics at the Massachusetts Institute of Technology (MIT), a coauthor (with James A. Robinson) of Why Nations Fail: The Origins of Power, Prosperity and Poverty, and the author of many influential academic papers. His research covers a range of topics, including political economy, economic development, economic growth, technological change, inequality, labor economics, and economics of networks. The conversation focuses in on how we make growth happen in a world of technological change that is largely disrupting labor markets. As Daron puts it, “I believe that the political economy of growth ... and technology, automation, AI—those [things] are intimately connected.” The influential economist connects the dots between artificial intelligence, productivity, wages, and inequality, and how to counterbalance the impacts of automation. This conversation was recorded in April 2021. To read a transcript of this episode, visit: https://mck.co/daron Follow @McKinsey_MGI on Twitter and the McKinsey Global Institute on LinkedIn for more. Read more > Listen to the podcast (duration: 34:15) >

My guest today is Manny Stotz, the founder of Kingsway Capital. Manny is one of the leading investors in Frontier Markets, investing in equities in countries like Egypt, Bangladesh, and Pakistan. We discuss the opportunity in these markets from all angles: demographics, valuations, sectors and beyond. It is important to note that we recorded this conversation before COVID, and these markets have fallen 30% without a similar rebound in prices that we’ve seen in the U.S. As you listen you’ll hear why this may be relevant for the companies Manny focuses on and may accentuate the opportunity in Frontier Markets even relative to the numbers quoted in this conversation. Listeners will know my interest in Frontier Markets runs deep, so I was excited to have one of the categories leading investors join me. Please enjoy my conversation with Manny Stotz. This episode is brought to by Koyfin. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 2:07 – (First question) – How Kingsway was conceived, their focus on frontier emerging markets, and his career path 11:57 – What are the best company builders good at when it comes to fostering a brand 18:30 – How country-specific factors impact the tailwind 25:43 – How markets are faring in these special circumstances 32:09 – Building a book in many of the markets they trade-in 37:10 – Understanding your edge in frontier markets, showing up 39:59 – Importance of solid distribution for the companies he invests in 42:12 – Concentration in various markets 44:10 – Moving beyond consumer brands in these markets 47:14 – Some of the most interesting countries they are looking into and the country business model             47:42 – Guns, Germs, and Steel: The Fates of Human Societies             47:44 – Civilization: The West and the Rest             47:46 – Why Nations Fail: The Origins of Power, Prosperity, and Poverty 53:21 – New topics he’s excited to learn about that will impact his business over the next 10-20 years 55:37 – Best way for people to get involved and invest in these markets 58:17 – Kindest thing anyone has done for him Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on Twitter at @patrick_oshag

Valtioiden romahtamista on selitetty hallitsijoiden tietämättömyydellä ja taitamattomuudella, maantieteellä ja kulttuurieroilla. Mikään näistä ei yksin riitä selittämään romahdusta tai vastavuoroisesti kukoistusta. Maailmankuulut taloustieteilijät James A. Robinson ja Daron Acemoglu ovat luoneet kehitysteorian, joka nojaa instituutioiden merkitykseen. Mitä vauraampi ja vakaampi valtio on, sitä inklusiivisempia sen instituutiot yleensä ovat. Ne kannustavat kansalaisia ottamaan paikkansa aktiivisina toimijoina yhteiskunnan rakentamisessa. Ekstraktiiviset instituutiot vuorostaan vievät kansalaisten työn hedelmät eliitille ja hidastavat yhteiskunnan kehitystä. Klassinen esimerkki romahtaneesta valtiosta on Rooman valtakunta. Mutta romahtiko se todella vai jatkoiko vain uuden muodon ottaneena? Myös tähän kysymykseen ottaa Tiedeykkösessä kantaa professori Jari Eloranta Helsingin yliopistosta. Hänen kanssaan käydään läpi instituutioiden merkitystä valtioiden menestykselle tai romahdukselle. Lukuisat esimerkit kuljettavat kuulijaa milloin Meksikoon, Yhdysvaltoihin, Kongoon, Kiinaan tai Iso-Britanniaan. Aiheesta kiinnostuneet voivat tutustua James A. Robinsonin ja Daron Acemoglun kirjaan ”Why Nations Fail: The Origins of Power, Prosperity, and Poverty” (suomennettu nimellä ”Miksi maat kaatuvat - vallan, vaurauden ja varattomuuden synty”). Kirjoittajilta on myös ilmestynyt hiljattain teos ”The Narrow Corridor. States, societies, and the fate of liberty”. Toimittaja Iida Ylinen. Kuva: Rex Features / All Over Press

Matt Mitchell is the director and senior research fellow at the Equity Initiative at the Mercatus Center. He joins the show today to talk about rent seeking and how it affects long term economic growth and prosperity. David and Matt also discuss regulatory capture, the rise of patent trolls, and the economics of public choice theory.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/12172018/macroeconomics-rent-seeking   Matt’s Twitter: @MattMitchell80 Matt’s Mercatus profile: https://www.mercatus.org/matthew-mitchell   Related Links:   *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Daron Acemoglu and James Robinson https://scholar.harvard.edu/jrobinson/publications/why-nations-fail-origins-power-prosperity-and-poverty   *The Political Economy of the Rent-Seeking Society* by Anne Krueger https://www.jstor.org/stable/1808883?seq=1#page_scan_tab_contents   *Entrepreneurship: Production, Unproductive, and Destructive* by William Baumol https://www.jstor.org/stable/2937617   *Uncontestable Favoritism* by Matt Mitchell https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3210953   *40 Years of Research on Rent Seeking* by Roger Congleton, Arye Hillman, and Kai Konrad https://www.springer.com/us/book/9783540791881   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth  

Metrics on the average living standards from the best-off countries in the world (say, Norway) to the worst-off (perhaps the Central African Republic) vary by a factor of 40 to 50. So notes James Robinson, the Reverend Dr. Richard L. Pearson Professor of Global Conflict at the University of Chicago and author, with Daron Acemoglu, of Why Nations Fail: The Origins of Power, Prosperity, and Poverty. What explains the living-standards gap? In this Social Science Bites podcast, interviewer David Edmonds posits -- and Robinson rebuts -- several traditional explanations for this inequality. While raw data shows that countries closer to the equator do more poorly than countries further away, Robinson acknowledges, that correlation doesn’t extend to causation. “We try to show in our research in many different ways that things like geography or climate or temperature don’t really predict patterns of economic development.” Instead, institutional factors like colonialism or the slave trade are more likely to be culprits. Cultural factors? Robinson, the institute director for the Pearson Institute for the Study and Resolution of Global Conflicts, suggests that’s wrong on its face. Drawing on his experience researching and teaching in sub-Saharan Africa and Latin America, he hasn’t seen cultures that reward indolence. “People work pretty hard in Zimbabwe,” he offers as an example. ”They get up early and it’s a struggle to make ends meet in a place like that when there’s so many impediments to prosperity and so many blocks to incentives and opportunity.” He adds that incentives to wealth creation matter, so knowing “some elites are going to expropriate the fruits of your labor” serves as a huge disincentive. Certainly having natural resources must play a role. “This is sort of an accounting relationship,” Robinson counters. “Yes, it’s true that Kuwait is sitting on a big pile of oil, but I guess the relevant question would be is, ‘How rich will Kuwait be when the oil disappears?’” What does make a difference, Robinson insists, are institutions. Looking at a natural experiment like the Korean Peninsula, where a geographically, culturally and linguistically homogeneous population was walled off into two separate nations, supports his view that institutions are the key to understanding the uneven outcomes. But that creates the question of how to define what an ‘institution’ is. “Our view is that you have to take a pretty broad view of what institutions are. ... When we talk about institutions, we mean rules that humans create, which structure their interactions and incentives and opportunities. But I think those rules can be kind of informal – almost like social norms – not just written down in the constitution.” And the institutions best at creating economic success, he continues, are the most inclusive ones. “Inclusivity is about harnessing all that latent talent, giving people opportunities, allowing them to get loans, enforce contracts.” Given his belief in the importance of inclusive institutions, Robinson tells Edmonds nonetheless that his goal remains more to describe the world rather than to change it (a “morally fraught” undertaking). But that description, he adds, includes a possible route forward – a route signposted for those in the less-rich world to take, amend or reject on their own accord. Trained as an economist who “deprogrammed” himself from thinking as an economist, Robinson obtained his PhD from Yale University, his master’s at the University of Warwick, and a Bachelor of Science degree from the London School of Economics and Political Science. Before coming to Chicago, he was the Wilbur A. Cowett Professor of Government at Harvard University and a faculty associate at Harvard’s Institute for Quantitative Social Science and the Weatherhead Center for International Affairs. In addition to Why Nations Fail, Robinson and Acemoglu wrote Economic Origins of Dictatorship and Democracy, and in 2013 Robinson was named one of the “World Thinkers 2013” by Prospect magazine.

Luis Gonzales (MPP ’19) interviews James Robinson, Institute Director for the Pearson Institute for the Study and Resolution of Global Conflicts and best selling co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty.Luis and Professor Robinson spoke on the link between economics and democracy, populism, and Professor Robinson’s upcoming work on liberty. Credits:Luis Gonzales Carrasco, for interviewingElaine Li, for producingSusan Paykin, for production assistanceDavid Raban, for editingSpecial thanks to the University of Chicago Harris School of Public Policy and the Pearson Institute.

Luis Gonzales (MPP ’19) interviews James Robinson, Institute Director for the Pearson Institute for the Study and Resolution of Global Conflicts and best selling co-author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty.Luis and Professor Robinson spoke on the link between economics and democracy, populism, and Professor Robinson’s upcoming work on liberty. Credits:Luis Gonzales Carrasco, for interviewingElaine Li, for producingSusan Paykin, for production assistanceDavid Raban, for editingSpecial thanks to the University of Chicago Harris School of Public Policy and the Pearson Institute.

The More Sibyl Podcast Presents: The One with Nathan - My Burmese FriendMyanmar, formerly known as Burma, is the second largest country in Southeast Asia with a population of more than 50 million people. Chances are Myanmar is one of those countries that has never crossed your radar. It used to be this way for me too until I met my dear friend, Nathan, in 2014. Nathan is from Myanmar and is ethnically Chinese. He left Myanmar in his teens to live in Singapore. He holds a Masters in computer science and software development but switched his career by bagging an MBA with a focus on public health, so people won't think he is the IT guy (*insert Asian joke here*).In this episode, we explored the shadows of our countries, post-British colonization. If I learned anything from this episode, it is that poor countries (as measured by absolute poverty) have similar presentations, no matter what part of the world they are located in. This is because poor countries are poor because they have extractive economic and political institutions, where a culture of monopoly, corruption, and lack of political rights are the norm. (Recommended text: Why Nations Fail: The Origins of Power, Prosperity and Poverty (2013) by D. Acemoglu and J.A. Robinson). As a result, Nigeria and Myanmar as so much alike in more ways than I thought, and not just due to our common colonizer – the British.I gauged his opinion on Aung San Suu Kyi, the Burmese Nobel Peace Prize Laureate, who is making headline news over her alleged inaction to the persecution of the Rohingya people in Rakhine State and refusal to accept that Burma's military has committed massacres.We also talked about his hobbies – reading and traveling, as well as our mothers and WhatsApp broadcast messages.PS: Nathan and I met in 2014 while interning at the same biotech company in Boston. During that time, we hung out a lot and explored a lot of the Boston scenes.. This episode was shot at his house in Somerville while I revisited Boston in July.

Daron Acemoglu, author of the 2013 Lionel Gelber Prize longlisted book “Why Nations Fail: The Origins of Power, Prosperity, and Poverty”, speaks with Robert Steiner, Director, Fellowships in Global Journalism at the Munk School of Global Affairs.

Bloomberg View columnist Barry Ritholtz interviews Daron Acemoglu, Elizabeth and James Killian Professor of Economics at MIT. He is the recipient of several awards, including the 2005 John Bates Clark Medal. He is the co-author of "Why Nations Fail: The Origins of Power, Prosperity and Poverty" and among the most cited economists in the world. This interview aired on Bloomberg Radio.

Daron Acemoglu is the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology in Boston. Daron’s principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics. Daron received his M.Sc. in Econometrics and Mathematical Economics and his Ph.D. from the London School of Economics. Daron is co-author of ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’ which can be found at whynationsfail.com In this episode you will learn: why nations fail and others prosper. why Daron despises the term capitalism refereeing it as ‘and ugly term’. why macro variables are second order to the type of institution when explaining the prosperity of a country. why we should study political systems in an economics course. how economic decisions get made. if democracy is good for economic growth. if the political economy or the type of institution of a country explain inequality. and much more. Check out the show notes page at www.economicrockstar.com/daron. Become a PATRON of the Economic Rockstar podcast: www.patreon.com/EcoomicRockstar

Daron Acemoglu, Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology, will deliver the annual Cornelson Distinguished Lecture in Economics. Acemoglu won the John Bates Clark Medal in 2005 as best economist under age 40, and has been named one of Foreign Policy magazine’s “100 Global Thinkers for 2012.” He is co-author of the bestseller, Why Nations Fail: The Origins of Power, Prosperity, and Poverty. The book explores why some nations prosper and others fail, and concludes that man-made political and economic institutions underlie economic success.