Economics

Prof. Karilyn Crockett speaks with Boston Globe reporters Niki Griswold and Janelle Nanos about the city of Boston’s plans for economic development. “This is a moment to continue this focus and commitment and double down on it.” 

MIT has been ranked the No. 1 university in “arts and humanities, business and economics, and social sciences” in Times Higher Education’s Rankings by Subject for 2026, reports Patrick Jack for Times Higher Education. 

Research Scientist Christian Catalini, founder of the MIT Cryptoeconomics Lab, speaks with CNBC reporter Trevor Laurence Jockims about state and national initiatives to implement cryptocurrencies on a public balance sheet. “Once you’ve made that bet on infrastructure and industry, adding some Bitcoin exposure at the treasury level is a natural next step,” says Catalini. 

Prof. Daron Acemoglu speaks with Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec about American politics. “In my mind, worryingly, there is a little bit of a theory which is that all of these actions are aimed at centralizing power in the hands of an executive presidency with fewer and weaker checks which come either from institutions or norms.” 

Prof. Jonanthan Gruber speaks with Boston 25 reporter Amal Elhelw about increased health insurance premiums. “It’s an enormous emotional toll,” says Gruber. “It’s just not a stress we should put on people in a nation as wealthy as America.”  

Institute Prof. Daron Acemoglu speaks with Carl Higbie of Newsmax about the long-term profitability of new AI technologies, noting that AI's long-term success will ultimately be decided not by technological promise, but by whether AI tools can deliver sustainable profits. "Integrating AI actually is very difficult," Acemoglu explains. "You need to understand your organization, what your employees really add, and then bring AI to help them. Rote automation is not going to work." 

Prof. Daron Acemoglu speaks with New York Times reporter Patricia Cohen about various factors influencing the global economy, including “the revolution in artificial intelligence, rapidly aging populations, climate change, and a worldwide turn against liberal democracy and a rules-based international order.” Acemoglu explains that: “We are living through a singularly turbulent time.”  

A new study co-authored by Prof. Lawrence Schmidt examining AI and job losses found that “AI can successfully complete many of a worker’s job responsibilities but not all,” reports Pattie Hunt Sinacole for Boston.com. “About 14% of roles within a company can be performed by AI, according to Schmidt’s research. However, AI is less effective in tasks where critical thinking may be required,” Hunt Sinacole explains. 

Prof. Emeritus Paul Osterman speaks with The Boston Globe reporter Scotty Nickerson about increased employment opportunities in nursing homes and residential care facilities. “Baby boomers and retirements are going to increase demand, and a lot of folks are going to need longer-term health care,” says Osterman.

Prof. Daron Acemoglu spoke at the City University Graduate Center’s panel discussion about the development of AI in the workforce. Acemoglu says “[AI could take] very different directions, and which direction we choose is going to have great consequences in terms of its labor market impact.” 

Prof. Jonathan Gruber speaks with David Frum from The Atlantic’s “The David Frum Show” to shed light on the American healthcare system and health care disparities. “The issue in the U.S. is there are the haves and the have-nots—the haves get comparable health care to the rest of the world at a much higher price; the have-nots get worse health care at a much higher price,” says Gruber. “There’s really two fundamental challenges in U.S. health care: There’s disparities, and there’s costs.” 

Writing for the Financial Times, Institute Prof. Daron Acemoglu explores the rise of New York City mayor-elect Zohran Mamdani and the future of U.S. democracy and liberalism. “I argue that nothing short of forging a new working-class liberalism can succeed,” writes Acemoglu. “This has to center on shared prosperity, a reintegration of the lower-education workers into politics, a commitment to local governance by all communities (within the bounds of protecting basic liberties) and true diversity of opinion (even on controversial matters).”

Prof. Jonathan Gruber speaks with CNBC reporter Laya Neelakandan about the labor shortages impacting senior care across the country. “If we can create a better caring system with an entitlement to all care for those who need it, that will free millions of workers to make our economy grow,” Gruber explains.

Research by Kelsey Moran PhD '25 and her colleagues have found that immigrant health care workers are crucial to helping older Americans live independently at home, reports Stuart Anderson for Forbes. “The study found a 10 percentage point increase in the less-educated immigrant population in an area reduces by 29% the probability someone 65 years or older would live in a nursing home or other institutional setting,” explains Anderson. 

Prof. Jonathan Gruber speaks with Boston 25 reporter Amal Elhewl about the anticipated rise in healthcare premiums. Gruber predicts “prices could jump by as much as $25,000 a year for people like small business owners or entrepreneurs,” Elhewl explains. “If 4 to 5 million people lose health insurance, we’re talking about on the order of 5,000 extra deaths every year because we have not extended these subsidies,” adds Gruber.