With America鈥檚 president-elect vowing to wage war on wealthy universities, normally outspoken US scholars have been unusually quiet over the past few weeks. Yet the Nobel prizewinning economist Daron Acemoglu isn鈥檛 one of those holding back: 鈥淒onald Trump is a real threat to democracy,鈥 he told聽探花视频听产濒耻苍迟濒测.
鈥淭here is a danger that he will do permanent or very enduring damage to America鈥檚 institutions. He tried to do that in his first term and is in a better position to do so today,鈥 continued the Massachusetts Institute of Technology (MIT) economics professor.
The Turkish-American economist鈥檚 views on Trump will certainly not surprise those who have followed Professor Acemoglu鈥檚 work over the past three decades: his best-known 2012 book,聽Why Nations Fail, explains why democracies founded on robust institutions such as unbiased legal systems or non-partisan regulation are also the world鈥檚 most successful economies.
But the Istanbul-born economist, who received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 in Stockholm this month, felt it was important that聽scholars continue to speak out聽on these matters, even if it makes it easier for a political establishment to go on the offensive over alleged leftist indoctrination on campus.
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鈥淚t is fine for academics to speak on such issues as long as you can keep that separate from your classrooms and for what constitutes high-quality research,鈥 explained Professor Acemoglu. 鈥淭here are special times when academics should speak out.鈥
Public engagement is not an area that Professor Acemoglu has shirked in recent years either, even if it meant inviting criticism from both sides of the political divide. To some critics 鈥 like聽聽鈥 his feelgood theories about the economic power of democracies fail to explain why China and other Asian countries with less participatory societal systems have flourished in recent years. But his calls for hefty taxes on social media and for stricter regulation of artificial intelligence, which he said will not just 鈥渨reak havoc in many industries鈥but] also lead to pervasive manipulation of consumers and citizens鈥, have also put him out of step with right-leaning US economists still broadly supportive of the creative destruction caused by the free market.
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鈥淭here is a very vocal group within economics that sees any call for regulation as a cardinal sin,鈥 reflected Professor Acemoglu, joking that 鈥渋f economists were a group that had to be card-carrying members, some economists would probably try to tear up my card鈥.
鈥淭hat is also because economics is a very techno-optimistic discipline as a whole, and with good reason because, in our history, science has brought many good things, though the perspective of our book聽Power and Progress聽[written with聽fellow MIT Nobelist Simon Johnson]聽is that it depends on how you use it,鈥 he said.
鈥淭here is not a positive causation of technology 鈥 just think of chemical or nuclear weapons, or even lately fossil fuels. Some technologies might be bad for society 鈥 and for shared prosperity too.鈥
Already a prolific commentator on US affairs, Professor Acemoglu鈥檚 Nobel status will surely solidify his reputation as one of the most distinctive voices on technology and industry stateside. But he points out that he is very much a 鈥減roduct of the British higher education system鈥, having taken his undergraduate degree at the University of York in the late 1980s.
鈥淚 was the only international student at undergraduate level,鈥 he recalled of his time at York. 鈥淚t didn鈥檛 have the academic pretences of Oxford or the London School of Economics, but it had small classes, so I had access to one-on-one discussions with tutors, where I learned all my economics.鈥
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Those intrigued by Professor Acemoglu鈥檚 prolific output 鈥 鈥渉e writes papers faster than I can read them鈥,聽on Professor Acemoglu鈥檚 ability to write聽聽plus others鈥 鈥 may be interested that he wrote his first paper at York.
鈥淚 had signed up to a course, but it wasn鈥檛 going to run because I was the only student on it. I convinced my tutor Peter Lambert 鈥 who later became a dear friend 鈥 to teach it and we ended up writing a paper together,鈥 he explained.
鈥淚 had a good time at the LSE where I did my PhD, but if I鈥檇 have gone there for my first degree, I wouldn鈥檛 have had the same level of interaction with tutors, even if they might have been more celebrated professors down in London.鈥
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While he 鈥渕isses London and aspects of British society鈥, staying in the UK was never likely once MIT came calling, he reflected. 鈥淚t wasn鈥檛 easy to leave the LSE but I thought MIT would offer me the best platform to get my work noticed,鈥 he said of his current employer, which clearly values him given his聽听(拢665,000).
That calculation has certainly paid off, with Professor Acemoglu now seen as US academia鈥檚 most celebrated economist 鈥 he is the third most-cited living economist 鈥 having published hundreds of papers, half a dozen popular books and with his research influencing industrial policy globally (his and Professor Johnson鈥檚 work was cited in the, passed in 2022).
However, even someone described as a 鈥渕onster of productivity鈥 鈥 he has聽 鈥 admitted that the writing process is not always easy. 鈥淚 don鈥檛 think I鈥檓 particularly fast or slow 鈥 the op-eds are easier to write but writing books is very tiring,鈥 he said.
鈥淚 love finishing books but the practice of writing them is very painful.鈥
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