Daron Acemoglu

Daron Acemoglu is Institute Professor in the Department of Economics at MIT and a Research Associate of the National Bureau of Economic Research. He is coauthor of Why Nations Fail and The Narrow Corridor.

  • Redesigning AI

    Redesigning AI

    Daron Acemoglu

    A look at how new technologies can be put to use in the creation of a more just society.

    Artificial Intelligence (AI) is not likely to make humans redundant. Nor will it create superintelligence anytime soon. But it will make huge advances in the next two decades, revolutionizing medicine, entertainment, and transport, transforming jobs and markets, and vastly increasing the amount of information that governments and companies have about individuals.

    AI for Good leads off with economist and best-selling author Daron Acemoglu, who argues that there are reasons to be concerned about these developments. AI research today pays too much attention to the technological hurdles ahead, without enough attention to its disruptive effects on the fabric of society: displacing workers while failing to create new opportunities for them and threatening to undermine democratic governance itself.

    Yet the direction of AI development is not preordained. Acemoglu argues for AI's potential to create shared prosperity and bolster democratic freedoms. But directing it to that task will take great effort. It will require new funding and regulation, new norms and priorities for developers themselves, and regulations of new technologies and their applications.

    At the intersection of technology and economic justice, this book brings together experts—economists, legal scholars, policy makers, and developers—to debate these challenges and consider what steps tech companies can do take to ensure the advancement of AI does not further diminish economic prospects of the most vulnerable groups of population.

    • Paperback $19.95
  • NBER Macroeconomics Annual 2006

    NBER Macroeconomics Annual 2006

    Daron Acemoglu, Kenneth Rogoff, and Michael Woodford

    Discussions of questions at the cutting edge of macroeconomics that are central to contemporary policy debates, analyzing both current macroeconomic issues and recent theoretical advances.

    This 21st edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The first four papers and discussions focus on such current macroeconomic issues as how structural-vector-autoregressions help identify sources of business cycle fluctuations and the evolution of U.S. macroeconomic policies. The last two papers analyze theoretical developments in optimal taxation policy and equilibrium yield curves.

    • Hardcover $15.75
    • Paperback $40.00

Contributor

  • Combating Inequality

    Combating Inequality

    Rethinking Government's Role

    Olivier Blanchard and Dani Rodrik

    Leading economists and policymakers consider what economic tools are most effective in reversing the rise in inequality.

    Economic inequality is the defining issue of our time. In the United States, the wealth share of the top 1% has risen from 25% in the late 1970s to around 40% today. The percentage of children earning more than their parents has fallen from 90% in the 1940s to around 50% today. In Combating Inequality, leading economists, many of them current or former policymakers, bring good news: we have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so.

    The contributors express widespread agreement that we need to aim policies at economic inequality itself; deregulation and economic stimulus will not do the job. No longer does anyone ask, in relation to expanded social programs, “Can we pay for it?” And most believe that US taxes will have to rise—although they debate whether the progressivity should focus on the revenue side or the expenditure side, through broad-based taxes like the VAT or through a wealth tax aimed at the very top of the income scale. They also consider the philosophical aspects of inequality—whether it is bad in itself or because of its consequences; the risks and benefits of more radical interventions to change the nature of production and trade; and future policy directions.

    Contributors

    Daron Acemoglu, Philippe Aghion, Danielle Allen, Ben Ansell, David Autor, Sheri Berman, Marianne Bertrand, Olivier Blanchard, Lucas Chancel, William Darity Jr., Peter Diamond, Christian Dustmann, David T. Ellwood, Richard Freeman, Caroline Freund, Jason Furman, Hilary Hoynes, Lawrence F. Katz, Wojciech Kopczuk, N. Gregory Mankiw, Nolan McCarty, Dani Rodrik, Jesse Rothstein, Emmanuel Saez, T. M. Scanlon, Heidi Shierholz, Tharman Shanmugaratnam, Stefanie Stantcheva, Michael Stynes, Laura D'Andrea Tyson, Philippe Van Parijs, Gabriel Zucman

    • Hardcover $34.95
  • In 100 Years

    In 100 Years

    Leading Economists Predict the Future

    Ignacio Palacios-Huerta

    In this book, ten prominent economists—including Nobel laureates and several likely laureates—offer their ideas about what the future might hold in 100 years.

    This pithy and engaging volume shows that economists may be better equipped to predict the future than science fiction writers. Economists' ideas, based on both theory and practice, reflect their knowledge of the laws of human interactions as well as years of experimentation and reflection. Although perhaps not as screenplay-ready as a work of fiction, these economists' predictions are ready for their close-ups. In this book, ten prominent economists—including Nobel laureates and several likely laureates—offer their ideas about the world of the twenty-second century.

    In scenarios that range from the optimistic to the guardedly gloomy, these thinkers consider such topics as the transformation of work and wages, the continuing increase in inequality, the economic rise of China and India, the endlessly repeating cycle of crisis and (projected) recovery, the benefits of technology, the economic consequences of political extremism, and the long-range effects of climate change. For example, 2013 Nobelist Robert Shiller provides an innovative view of future risk management methods using information technology; and Martin Weitzman raises the intriguing but alarming possibility of using geoengineering techniques to mitigate the inevitable effects of climate change.

    Contributors Daron Acemoglu, Angus Deaton, Avinash K. Dixit, Edward L. Glaeser, Andreu Mas-Colell, John E. Roemer, Alvin E. Roth, Robert J. Shiller, Robert M. Solow, Martin L. Weitzman

    • Hardcover $27.00
    • Paperback $19.95