Interview With Daron Acemoglu, Author of Why Nations Fail

Interview With Daron Acemoglu: Masters in Business (Audio) by Bloomberg View: 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.

Daron Acemoglu on Why Nations Fail:

Video above published March 23, 2012, by the Massachusetts Institute of Technology (MIT).

All the difference in the world | MIT.eduEconomists Daron Acemoglu of MIT and James Robinson of Harvard University have another answer: Politics makes the difference. Countries that have what they call “inclusive” political governments — those extending political and property rights as broadly as possible, while enforcing laws and providing some public infrastructure — experience the greatest growth over the long run. By contrast, Acemoglu and Robinson assert, countries with “extractive” political systems — in which power is wielded by a small elite — either fail to grow broadly or wither away after short bursts of economic expansion. “You need political equality to underpin economic prosperity,” says Acemoglu, the Elizabeth and James Killian Professor of Economics at MIT.

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