What fantastic news that the Rhone Asamogl is one of three economists to

win the 2024 economics Nobel Prize. I've been a huge admirer of Drone since I was a graduate student.

He is a wonderful, wonderful choice for the prize.

Drone'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 Asamogl 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. love it..

D'eron 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 losers from new technologists? 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 you are within academics.

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