Showing 1 - 10 of 18
Institutional redesign in order for economic change
News, Diane Coyle, Published on 30/12/2025
» The Nobel Prize in economics was awarded both this year and last year to scholars who, in different ways, emphasised the importance of institutions to economic growth.
The effects of unfinished momentum
News, Peerasit Kamnuansilpa, Published on 08/11/2025
» Why do some nations surge confidently into the future while others advance only in half-steps, not declining but not accelerating either? In their influential book Why Nations Fail (first published in 2012), Daron Acemoglu -- now a Nobel Prize economist -- and James Robinson, both economists and political scientists at the University of Chicago, offer a helpful lens for understanding Thailand's development path without casting blame or provoking division.
When societies rise, fall, and face catastrophe
News, Antara Haldar, Published on 11/10/2025
» When the United Nations emerged from the rubble of two world wars 80 years ago, it represented humanity's most ambitious attempt ever to turn catastrophe into cooperation. But while the scarred world of 1945 had hope following the Allied victory, that optimism has since curdled. The UN today is underfunded, risk-averse, and paralysed.
Two models for future autonomous agentic AIs
News, Daron Acemoglu, Published on 10/04/2025
» AI "agents" are coming, whether we are ready or not. While there is much uncertainty about when AI models will be able to interact autonomously with digital platforms, other AI tools, and even humans, there can be little doubt that this development will be transformative -- for better or worse. Yet, despite all the commentary (and hype) around agentic AI, many big questions remain unaddressed, the biggest being which type of AI agent the tech industry is seeking to develop.
Was DeepSeek-R1 release a Sputnik moment for AI?
News, Daron Acemoglu, Published on 07/02/2025
» After the release of DeepSeek-R1 on Jan 20 triggered a massive drop in chipmaker Nvidia's share price and sharp declines in various other tech companies' valuations, some declared this a "Sputnik moment" in the Sino-American race for supremacy in artificial intelligence. While America's AI industry arguably needed shaking up, the episode raises some difficult questions.
Are high-skill immigrants a problem?
News, Daron Acemoglu, Published on 13/01/2025
» Fissures within US president-elect Donald Trump's "Make America Great Again" (Maga) coalition have appeared sooner than expected. By the end of December, the tech-billionaire wing was in open warfare with Maga's nativist wing over America's H-1B visa programme, which enables US businesses to employ some 600,000 skilled foreigners per year on a temporary basis.
Rethinking national prosperity through institutions
News, Antara Haldar, Published on 13/11/2024
» Each autumn, a telephone call from Stockholm launches one or a few scholars to international fame with the bestowal of the Nobel Memorial Prize in Economic Sciences -- a process that Irving Wallace dramatised in his 1962 potboiler The Prize.
Why do some countries prosper while others falter?
News, Jeffrey Frankel, Published on 06/11/2024
» Why have some countries grown rich and others not? The three winners of this year's Nobel Prize in Economic Sciences -- Daron Acemoglu, Simon Johnson, and James A Robinson -- offer a simple answer: institutions. Countries with "inclusive" institutions -- which underpin an open society, accountable government, economic freedom, and the rule of law -- do better than those with "extractive" institutions that reward those in power.
How the world can escape the new Gilded Age
News, Daron Acemoglu, Published on 25/10/2024
» Tech billionaires such as Bill Gates, Mark Zuckerberg and Elon Musk are not just among the richest people in human history. They also are exceptionally powerful -- socially, culturally and politically. While this is partly a reflection of the social status that our society attaches to wealth in general, that is not the whole story.
The debate about AI safety gets everything wrong
News, Daron Acemoglu, Published on 07/08/2024
» A huge industry has emerged in recent years as China, the United States, the United Kingdom, and the European Union have made the safety of artificial intelligence a top priority. Obviously, any technology -- from cars and pharmaceuticals to machine tools and lawnmowers -- should be designed as safely as possible (one wishes that more scrutiny had been brought to bear on social media during its early days).