In this episode of the New Colossus Project, Raafet Azzouz sits down with the Daron Acemoglu, the 2024 Nobel laureate in economics and MIT professor whose groundbreaking research has transformed our understanding of economies, institutions, and the forces that shape prosperity. Raafet and Daron dive deep into Daron’s fascinating journey from immigrant to world-renowned economist, exploring his insights into why some nations succeed while others fail. They discuss the cultural shock Daron experienced when moving to the U.S. in the early ’90s, and how his early academic years shaped his groundbreaking work. The conversation also touches on the rapidly evolving landscape of artificial intelligence - will it deepen the divide or help level the playing field? Daron shares his thoughts on how AI is reshaping labor markets and income distribution, and what policies we need to ensure society doesn’t leave anyone behind as technology advances. They explore the complex relationship between democracy and economic growth, especially in emerging democracies, and how inclusive institutions play a critical role in today’s shifting political landscape.

Timestamps:

00:00 Intro

04:25 A Journey to MIT and the Heart of Economics

06:03 Tracing the Path to AI and Its Consequences

07:40 Future of AI

09:10 How Policymakers Can Promote Equity in a Changing Society

10:58 Democracy and Development: Institutions as the Backbone of Emerging Economies

14:29 Revitalizing Liberal Democracy: The Role of Inclusive Institutions in Today's Politics

18:27 Armenian Heritage and Life Journey: Shaping Identity and Values

21:57 Lessons from an Academic Journey

23:51 How Being a First-Generation Immigrant Shaped Curiosity and Innovation

25:32 Reflecting on the Journey and Lessons Learned Find the links to our socials in the comments.

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