|
writer: |
|
|
topics:
|
|
|
source: |
|
|
summary: |
Noah explores the 2024 Nobel Prize awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their influential theory on how a country's institutions shape its economic development. While praising Acemoglu's prowess, Noah critically examines the empirical evidence behind their 'reversal of fortune' hypothesis, questioning whether the true driver is European settlement patterns rather than institutional quality. He appreciates grappling with profound questions but argues the award signals a concerning shift away from rewarding empirically robust, scientific research in economics.
|
> Please log in to post a comment.
A Nobel for the big big questions →
Writer
Noah Smith
Summary
Noah explores the 2024 Nobel Prize awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their influential theory on how a country's institutions shape its economic development. While praising Acemoglu's prowess, Noah critically examines the empirical evidence behind their 'reversal of fortune' hypothesis, questioning whether the true driver is European settlement patterns rather than institutional quality. He appreciates grappling with profound questions but argues the award signals a concerning shift away from rewarding empirically robust, scientific research in economics.
> Please log in to post a comment.