Financial sciences laureates James Robinson, Daron Acemoglu and Simon Johnson.
Clément Morin/Nobel Prize Outreach
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Clément Morin/Nobel Prize Outreach
Financial sciences laureates James Robinson, Daron Acemoglu and Simon Johnson.
Clément Morin/Nobel Prize Outreach
Why do some nations fail and others succeed?
Within the late Nineties and early 2000s, three economists fashioned a partnership that will revolutionize how economists take into consideration international inequality. Their work centered on a strong — and nearly radically apparent — thought: that the financial destiny of countries is set by how societies manage themselves. In different phrases, the economists shined a highlight on the ability of establishments, the techniques, guidelines, and constructions that form society.
We spoke with two of the Nobel-winning economists about their analysis on why some international locations are wealthy and others are poor, why it took so lengthy for economics to acknowledge the ability of establishments, and what the heck these even are.
This episode was hosted by Jeff Guo and Greg Rosalsky. It was produced by Willa Rubin with assist from James Sneed. It was edited by Martina Castro and fact-checked by Sierra Juarez. Engineering by Gilly Moon with assist from James Willetts. Alex Goldmark is Planet Cash‘s govt producer.
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Music: Common Music Manufacturing – “West Inexperienced Highway,” “Say My Identify.” Audio Community – “Feeling Free.”
