Tuesday, October 15, 2024

Noble Prize laureate Daron Acemoglu on Why Nations Fail

Not sure why this guy was awarded with a Nobel Prize in economics! Too much politics and history!
Take his remarks about the first settlers in the north-east of the US! They tried to exploit the indigenous population, but this population was too sparse so they had to become farmers.
As an economist myself, I have not heard of this guy before!

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