Institutions fuel prosperity, make them inclusive and capable

Daron Acemoglu, the newly minted Nobel prize laureate in Economics and distinguished Institute Professor at the Massachusetts Institute of Technology (MIT), debunks for us some long-standing assumptions about technology, productivity, and shared prosperity. Benefits do not automatically tickle down from industry to workers. Distributive gains take inclusive institutions and a calibrated approach that creates greater competition, changes the norms in the industry, and deals specifically with market failures via a host of incentives, subsidies, taxes, and regulations. In the case of the tech industry, that starts with a vision that is pro-worker and pro-democratic – the opposite of what Acemoglu characterizes as the current Silicon Valley equilibrium. Finally, we are asked to think very critically about some of the trending policy solutions. Universal basic income is not the silver bullet some see it to be. Data value and its distribution, on the other hand, deserve great attention. Data is going to be as important as land is to production. How do we treat it as such? Find answers in his discussion with Gabriela Ramos , UNESCO ’s Assistant Director-General for Social and Human Sciences. Hosted on Ausha. See ausha.co/privacy-policy for more information.

You can listen to Institutions fuel prosperity, make them inclusive and capable online on Radio and Podcast. Open the player on this page to stream the available audio.

Institutions fuel prosperity, make them inclusive and capable is an episode from The Policy Nerd by UNESCO Inclusive Policy Lab.

This episode is 30:07 long.

This episode was published on Oct 16, 2024.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from The Policy Nerd when more episodes are available from the podcast feed.