The 2024 Nobel Laureates Are Not Only Wrong About China, But Also About the West - The Ideas Letter
Ang critiques this year’s Nobel-winning economists Acemoglu, Johnson, and Robinson for attributing Western prosperity solely to “inclusive, non-extractive” institutions, overlooking the role of colonial exploitation in building wealth. She argues…
The 2024 Nobel Laureates Are Not Only Wrong About China, But Also About the West A mural defending education for all in Mexico City. © Frédéric Soltan/Corbis/Getty Yuen Yuen Ang October 31, 2024 | The Ideas Letter 27 This year, Daron Acemoglu, Simon Johnson, and Jim Robinson (known as AJR for short) were awarded the Nobel Memorial Prize in Economic Sciences for their work on “how institutions are formed and affect prosperity.” AJR are not only exceptionally prolific and persuasive, their influence is stratospheric. With a combined citation count of almost 500,000, one economist called them “go
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