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SHOCKING: 2 - What They Never Told You

This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor

The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.

The Conversation

Nobel economics prize: how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A

This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast differences in prosperity between nations.

The Conversation

Nobel Economics Prize awarded for research into differences in prosperity between nations

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity. Read further on Dynamite News:

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Nobel Prize in Economics awarded to trio for explaining global inequality

The prestigious award is the final prize to be given out this year and is worth $1.1 million

The Independent UK

Two Britons among three winners of 2024 Nobel Prize in Economics

Two of the academics also studied at the London School of Economics

Evening Standard

'Nobel economics prize' awarded to trio for work on links between institutions and prosperity

Daron Acemoglu, Simon Johnson and James A. Robinson won the 2024 Nobel memorial prize in economics "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday.

France 24

US-based Acemoglu, Johnson and Robinson win 2024 Nobel economics prize

The award for work into why countries succeed and fail is the final prize to be given out this year and is worth $1.1m.

Al Jazeera

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Role Of Government, Poverty Research Tipped For Economics Nobel

Closing the season, the Norwegian Nobel Committee will announce the Nobel economics prize on Monday, with specialists on credit, the role of government, and wealth inequality seen as possible contenders.

International Business Times

Goldman Sachs says AI is too expensive and unreliable — firm asks if 'overhyped' AI processing will ever pay off massive investments

Goldman Sachs interviewed several experts to offer contrarian views on the future of AI, plus they looked at the challenges the technology faces if it wants to grow indefinitely in the future.

Tom’s Hardware

Angus Deaton on inequality: ‘The war on poverty has become a war on the poor’

The Nobel prize winner and author of new book Economics in America argues economists must get back to serving society

The Guardian - US

Power and Progress Is a Wrongheaded Critique of Tech Progress

An undercurrent of the book is that common people want whatever progressive intellectuals want them to want.

Reason

Slavery, revolution and war: Baillie Gifford prize longlist highlights history

Tania Branigan’s Red Memory and Jeremy Eichler’s Time’s Echo are among the titles in the running for the £50,000 award

The Guardian - UK

AI’s disruptive economic impact, an India check

Artificial Intelligence could be highly disruptive, but growing advancements in AI are now a reality and being equipped with the latest tools will be an advantage

The Hindu

IBM CEO Arvind Krishna points to declining populations to calm fears about A.I. taking jobs

Employees doing routine tasks that A.I. can perform is “not an option” given population declines, argues the IBM chief.

Fortune

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Reuters

Analysis-Turkish lira's long decline a symbol of strife

As Turkey's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power.

The Guardian - UK

Power and Progress review – why the tech-equals-progress narrative must be challenged

In an important new book, US economists Daron Acemoglu and Simon Johnson propose ways in which digital technology can be repurposed for human flourishing as well as private profit

Los Angeles Times

Nicholas Goldberg: Does AI mean the 4-day workweek is almost here?

I'd like to work four days a week instead of five. Wouldn't you?

Fortune

ChatGPT will quickly handle at least half of the tasks of financial investment jobs, researchers predict

New research takes a look at how generative A.I. will impact the U.S. labor market.

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Axios

AI and robots fuel new job displacement fears

There's debate over whether the jobs lost to automation will be replaced by different or better roles.

Reason

Hayek Was a True Liberal

A new biography tells the story of the economist’s early life and career.

The Independent UK

Can Biden save democracy one US factory job at a time?

President Joe Biden is working to create a manufacturing revival

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