In this episode of the New Colossus Project, Raafet Azzouz sits down with the Daron Acemoglu, the 2024 Nobel Prize 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
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Cinematography and edit by Lucie McCormick
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