What fantastic news that Dironasamoglu is one of three economists to win the 2024

Economics Nobel Prize.

I've been a huge admirer of Dron since I was a graduate student.

He is a wonderful, wonderful choice for the prize.

Dron's research highlights the important role of

institutions in economic development, and by institutions, I mean things like property rights,

the political system, or the enforcement of contracts, all of which he shows are extremely

important in shaping economic growth and inequality.

In honor of Jerome's prize, today we offer an encore presentation of my conversation with him that aired back in February of this year.

Drone has big ideas and he's a fantastic communicator, the perfect recipe for a great podcast

episode.

My guest today, Daron Asimoglu, is a professor of economics at MIT and co-author of a number of influential books written for a popular audience, including Why Nations Fail and Power in Progress.

He is also, without a doubt, one of the greatest economists I have ever met.

Historical processes really shape economic relations, and we cannot understand the economy today

without understanding where we're coming from in terms of history.

Welcome to people I mostly admire with Steve Levitt.

Doron tackles huge questions at the intersection of politics and economics.

Why are some countries rich and others poor?

How does democracy take hold and what factors allow it to survive? Who benefits

and who loses from new technologies? I've left every conversation I've ever had with the run

amazed by his insight into how the world works. I hope that's true again today.

I want to talk about your stature in the academic community, because I think even people who know and like your public-facing work, they probably have no idea about what a giant

...