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).