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Power and Progress
Awarded the 2024 Nobel Prize in Economics, Daron Acemoglu and Simon Johnson overturn conventional wisdom about how economies work--revealing the untold story of who wins and who loses the rewards of prosperity--in a work that fundamentally transforms how we look at and understand the world. Throughout history, technological change — whether it takes the form of agricultural improvements in the Middle Ages, the Industrial Revolution, or today’s artificial intelligence — has been viewed as a main driver of prosperity, working in the public interest. The reality, though, is that technology is shaped by what powerful people want and believe, generating riches, social respect, cultural prom...
Why Nations Fail
Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012. Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace. Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty.
Introduction to Modern Economic Growth
From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic work...
Economic Origins of Dictatorship and Democracy
This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.
The Narrow Corridor
'As enjoyable as it is thought-provoking' Jared Diamond By the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms - and explains how liberty can thrive despite new threats. Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect individuals or too strong for people to protect themselves from despotism. There is also a happy Western myth that where liberty exists, it's a steady state, arrived at by 'enlightenment'. But liberty emerges only when a de...
What Happened to Liberal Democracy?
Shared prosperity, equality, democratic values and the free pursuit of knowledge. Liberalism promised much, and even delivered on some of those promises. But now the remaining relics of establishment liberalism are being eroded by elitism, intolerance and rising autocracy. What went wrong? And what comes next? Liberalism flourished as the underdog in a sea of competing political ideologies. But once it became the dominant ideology, it faltered. It failed to adapt in a postindustrialist world. And the very systems designed to deliver prosperity began to undermine it. Nobel prize-winning economist Daron Acemoglu offers a new theory of liberalism, one that lays the groundwork for how we can - and must - rehabilitate liberal ideas and practices, now more than ever.
Redesigning AI
A look at how new technologies can be put to use in the creation of a more just society. Artificial Intelligence (AI) is not likely to make humans redundant. Nor will it create superintelligence anytime soon. But it will make huge advances in the next two decades, revolutionize medicine, entertainment, and transport, transform jobs and markets, and vastly increase the amount of information that governments and companies have about individuals. AI for Good leads off with economist and best-selling author Daron Acemoglu, who argues that there are reasons to be concerned about these developments. AI research today pays too much attention to the technological hurtles ahead without enough attenti...
Daron Acemoglu Winner of the Nobel Prize Award in Economics Science
Daron Acemoglu, Winner of the Nobel Prize in Economic Sciences, is not just an economist-he's a visionary who has reshaped how we understand the world.In this captivating biography, you will journey through the life of one of the most influential minds of our time. From his early days in Istanbul to his groundbreaking work on institutions and economic growth, Daron Acemoglu has dedicated his career to answering a fundamental question: Why do some nations thrive while others fall behind? This book unveils the man behind the theories, offering a deeply personal look into his academic triumphs, the challenges he faced, and the passion that drove him to become a Nobel laureate. It delves into hi...
The Oxford Handbook of AI Governance
"Book abstract: The Oxford Handbook of AI Governance examines how artificial intelligence (AI) interacts with and influences governance systems. It also examines how governance systems influence and interact with AI. The handbook spans forty-nine chapters across nine major sections. These sections are (1) Introduction and Overview, (2) Value Foundations of AI Governance, (3) Developing an AI Governance Regulatory Ecosystem, (4) Frameworks and Approaches for AI Governance, (5) Assessment and Implementation of AI Governance, (6) AI Governance from the Ground Up, (7) Economic Dimensions of AI Governance, (8) Domestic Policy Applications of AI, and (9) International Politics and AI"--
