ፍትህ ለሁሉም / Justice for All
New Nobel Prize winner Daron Acemoglu, interviewed at the Times of India, courtesy Marginal Revolution Given the potential for AI to exacerbate inequality, how can we redirect technology? We need to actively steer technological development in a direction that benefits broader swathes of humanity. This require a pro-human approach that prioritises enhancing worker productivity and autonomy, supporting …
The United States is nine days away from a portentous presidential election that, however it turns out, promises to leave around half the nation believing that catastrophe has been narrowly averted and the rest believing that all is lost. Desperate hopes and apocalyptic fears suffuse the electorate. Significant swathes of the right and left – …
Our Constitution has endowed power to the American people by empowering Congress, especially the representatives closest to the people—the members of the House of Representatives. To revitalize the House and reinvigorate our democracy, our bipartisan task force recommends these reforms to House rules and procedures, both to re-empower individual members and committees in lawmaking and …
Heading into Election Day, we hear constantly that the presidential candidates are mortal threats to American democracy. Anxieties about Donald Trump’s role in the Jan. 6, 2021, rampage at the U.S. Capitol and his declaration that he would act as “dictator for a day” are countered by Elon Musk’s warning that if Harris wins, “this …
The world is at a crossroads, with one path leading to ever more global fragmentation and deepening crises, and the other offering a chance to pursue individual and shared prosperity through joint solutions to common problems. While the choice seems clear, the outcome depends on our ability to overhaul existing institutions. EDINBURGH – The Bretton …
Institutional and economic development generally occur simultaneously, making it difficult to know which is causing which. This year’s Nobel laureates in economics tackled this question by examining the trajectories of former European colonies, starting with the mortality rate of settlers at the time of colonization. CAMBRIDGE – Why have some countries grown rich and others …
Although everyone is supposed to benefit when individual countries leverage their comparative advantages, this canonical economic theory can run into problems when blindly applied to the real world. In the case of China, American leaders failed to consider why the country exhibits the strengths that it does. BOSTON – Instead of assuming that more international …
In terms of economic growth, the Polish and Ukrainian experiences in the decades since the fall of communism have been a portrait in contrasts. Whereas Poland embraced the power of democratic civil society and grew wealthier, Ukraine remained trapped by kleptocratic institutions that bred a culture of corruption and destroyed public trust. CAMBRIDGE – In …
Although the United States clearly could have done a better job of managing its departure from Afghanistan, the tragedy playing out this month has been 20 years in the making. From the outset, America and its allies embraced – and never reconsidered – a top-down state-building strategy that was always destined to fail. ISTANBUL – The …
While even the world’s poorest economies have become richer in recent decades, they have continued to lag far behind their higher-income counterparts – and the gap is not getting any smaller. According to this year’s Nobel Prize-winning economists, institutions are a key reason why. From Ukraine’s reconstruction to the regulation of artificial intelligence, the implications …