Monday, October 14, 2024

Nobel prize in economics to Daron Acemoglu, Simon Johnson, James A. Robinson

  "The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 to Daron Acemoglu, Simon Johnson, James A. Robinson “for studies of how institutions are formed and affect prosperity”

These three have a broad scope of work together.  One aspect that fits well with this year's prizes in Physics and Chemistry is a connection to artificial intelligence, particularly in the book Power and Progress by Acemoglu and Johnson:  

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity  May 16, 2023 by Daron Acemoglu and Simon Johnson 

Here's the blurb by Abhijit Banerjee and Esther Duflo

"One powerful thread runs through this breathtaking tour of the history and future of technology, from the Neolithic agricultural revolution to the ascent of artificial intelligence: Technology is not destiny, nothing is pre-ordained. Humans, despite their imperfect institutions and often-contradictory impulses, remain in the driver’s seat. It is still our job to determine whether the vehicles we build are heading toward justice or down the cliff. In this age of relentless automation and seemingly unstoppable consolidation of power and wealth, Power and Progress is an essential reminder that we can, and must, take back control."

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