Daron Acemoglu

Blog

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Bad Models Result In Terrible Outcomes

Things are worsening because we pursue the wrong policies
Friday, July 14, 2017, 11:38 PM

Recently I spent a month in Buenos Aries.  I went there to study the people, the culture and the economy of a prosperous land, filled with kind, well educated people.

One key lesson was this; bad policies can ruin every advantage you might have had.

While not as bad off as it was in 2002 when people filled the streets banging pots and pans in protest of their economically ruined lives, the place is still clearly depressed as are most of its people.  » Read more

Podcast

Daron Acemoglu: Why Nations Fail

It's what you do with what you've got
Sunday, August 7, 2016, 12:17 PM

Why do some nations rise while others wither? Why have some of the world's largest empires eventually crumbled? What are the 'best practices' that a modern nation should follow if it desires sustainable prosperity for its citizenry?

To answer these questions, we welcome MIT professor Doran Acemoglu and co-author of the book Why Nations Fail. His observations? Yes, national prosperity has some correlation to the resources available to the State, but importantly, it's determined by how those resources are put to productive -- and fair -- use. » Read more