Economics

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. 

Prof. Daron Acemoglu speaks with Newsweek reporter Hugh Cameron about the impact of AI on layoffs at major retailers. “I don't think we are at the cusp of mass unemployment,” says Acemoglu. “AI models have many limitations, and while there will be companies such as Amazon that will attempt to organize work to get more out of AI and reduce their headcount, at the macroeconomic level things will go more slowly.”

Prof. Christopher Palmer speaks with Marketplace reporter Carla Javier about the rise in auto loan delinquencies, noting that defaulting on a car payment is usually a borrower’s last resort, since people often need cars to get to work, so they’re more likely to not pay other bills first. “That could include not paying their mortgages or their rent, in part because it takes a long time to evict someone or to foreclose on a house,” Palmer explains.

Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about catastrophic healthcare plans. "A common conservative criticism of public provision of health insurance is that we should just give folks 'skinny' or 'catastrophic' plans. But what these critics never grapple with is what would be included in these plans,” Gruber explains. “By the time you include anything that would be considered decent insurance – hospital, doctor, drugs, maternity care, mental health care – you are already at 90 percent of the cost of a generous insurance plan. The only way to really make a plan 'skinny' is to charge high deductibles, which many plans on the exchange already do."

Prof. Daron Acemoglu speaks New York Times reporter Karen Weise about workplace automation at Amazon. “Nobody else has the same incentive as Amazon to find the way to automate,” Acemoglu. “Once they work out how to do this profitably, it will spread to others, too.” 

Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about the rise of health insurance premiums in the United States. “States with very active management and lots of competition on the exchanges will see the lowest increases,” says Gruber. 

Prof. Daron Acemoglu speaks with Financial Times reporters Claire Jones and Melissa Heikkilä about the economic implications of the AI boom. “There is a lot of pressure on managers to do something with AI… and there is the hype that is contributing to it,” says Acemoglu. “But not many people are doing anything super creative with it yet.” 

Institute Prof. Daron Acemoglu participated in a “global dialogue on artificial intelligence governance” at the United Nations, reports Steve Lohr for The New York Times. “The AI quest is currently focused on automating a lot of things, sidelining and displacing workers,” says Acemoglu. 

According to the U.S. News & World Report rankings for 2025-2026, MIT has been named the No. 2 best university in the United States, reports Madison Lucchesi for Boston.com. 

MIT has been named the second best university in the United States, according to the U.S. News and World Report rankings for 2025-2026, reports Alan Blinder for The New York Times. 

U.S. News & World Report has named MIT the number two best university in the United States for 2025-2026, reports Emily Sweeney for The Boston Globe. The rankings “evaluated more than 1,700 colleges and universities in the United States, using up to 17 measures of academic quality and graduate success,” adds Sweeney. 

MIT has been named the number two college in the United States in U.S. News & World Report’s annual ranking, reports Alia Shoaib for Newsweek. “U.S. News & World Report ranks more than 1,700 colleges using a weighted formula that considers factors such as graduation and retention rates, faculty resources, academic reputation, financial resources and student selectivity,” explains Shoaib.