Profs. Daron Acemoglu and Simon Johnson are two of the winners of this year’s Nobel Prize in economic sciences. Johnson joined CBS Boston to discuss his Nobel Prize-winning research and the potential impact of AI. "People are both too optimistic and too pessimistic if they believe AI can do more things than it really can, but they haven't thought through the way in which it could really wipe out middle-skill, middle-education, middle-income jobs,” says Johnson.
Profs. Daron Acemoglu and Simon Johnson have been awarded the Nobel Prize in economic sciences for their research that “advanced the understanding of economic disparities among countries,” reports Paul Hannon and Justin Lahart for The Wall Street Journal. “I’ll be very happy if this prize contributes to having more awareness of the importance of building better institutions, building better democracy,” said Acemoglu. “I think those are urgent challenges for us.”
AP reporters Daniel Niemann, Mike Corder and Paul Wiseman highlight the work of Profs. Daron Acemoglu and Simon Johnson, who have been honored with the Nobel Prize in economic sciences for their work demonstrating “the importance of societal institutions for a country’s prosperity.” Says Johnson of how AI could impact workers: “AI could either empower people with a lot of education, make them more highly skilled, enable them to do more tasks and get more pay. Or it could be another massive wave of automation that pushes the remnants of the middle down to the bottom.”
Prof. Simon Johnson, one of the recipients of this year’s Nobel Prize in economics, joins the PBS NewsHour to discuss the inspiration for his research, the role of institutions in economies around the world and how technology could be harnessed to create better jobs for all. Johnson notes that through his work with the MIT Shaping the Future of Work Initiative, he and his colleagues hope to “get more good jobs in the United States and around the world.” He adds that in the past, “we have managed things so that technology delivered benefits for a broad cross-section of society. But that's not what we have done in the past four decades. We need a course-correction, and that's what we're going to work on.”
Boston Globe reporter Alexa Gagosz spotlights the work of Profs. Daron Acemoglu and Simon Johnson, recipients of the 2024 Nobel Prize in economics for their research examining global inequality. MIT President Sally Kornbluth called Acemoglu and Johnson, who first stepped foot on MIT’s campus in 1985 as a graduate student, “prolific and influential scholars” whose work “reflects a very MIT interest in making a positive impact in the real world.” Kornbluth added: “Their historical investigations have a great deal to teach us about how and why real societies fail or thrive. And they [have] both become familiar voices in the news, public intellectuals trying to help us all make sense of a tumultuous world.”
Profs. Daron Acemoglu and Simon Johnson PhD '89 have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their work explaining the gaps in prosperity between nations and advancing our understanding of inequality, reports Jeanna Smialek for The New York Times. “Reducing the huge differences in income between countries is one of our times’ greatest challenges,” said Jakob Svensson, chairman of the economics prize committee. Thanks to the economists’ “groundbreaking research,” he said, “we have a much deeper understanding of the root causes of why countries fail or succeed.” Acemoglu reacted to winning the prize, noting that: “You dream of having a good career, but this is over and on top of that.”
Prof. Kerry Emanuel speaks with Associated Press reporter Terry Spencer about Tampa Bay’s vulnerability to incoming hurricanes. “It’s a huge population,” explains Emanuel. “It’s very exposed, very inexperienced and that’s a losing proposition. I always thought Tampa would be the city to worry about most.”
The 2024 Nobel Prize in Physiology or Medicine has been awarded to Victor Ambros '75, PhD '79 and Gary Ruvkun for the discovery of microRNA, “a tiny class of RNA molecules that play a crucial role in determining how organisms mature and function – and how they sometimes malfunction,” reports Teddy Rosenbluth and Derrick Bryson Taylor for The New York Times. Ambros and Ruvkun “had been postdoctoral fellows at the same time at Massachusetts Institute of Technology,” they explain . “As they studied C. elegans, they at first felt a smidgen of friendly competition as they each started their own labs in the Boston area, Dr. Ambros said.”
Victor Ambros '75, PhD '79 and Gary Ruvkun have won the 2024 Nobel Prize in Physiology or Medicine for the discovery of microRNAs, report Mark Johnson and Lizette Ortega for The Washington Post. “Ambros and Ruvkunhad worked together as postdoctoral researchers in the lab of Nobel laureate and MIT Professor Robert Horvitz. “What the microRNAs really end up revealing for us is a way that parts of our genome can communicate with other parts of the genome,” says Ambros. “The significance of this discovery of microRNAs is that it allowed us to be aware of a very complex and nuanced layer of regulation whereby genes in our cells talk to each other.”
Victor Ambros ‘75, PhD ‘79 and Gary Ruvkun have won the 2024 Nobel Prize in Physiology or Medicine for “their groundbreaking work on how genes behave,” reports Patrick Smith for NBC News. Ambros and Ruvkun, who worked as postdocs in the lab of Professor H. Robert Horvitz in the late 1980s, discovered how microRNA molecules play a key role in gene regulation. "The pair sought to explore how nerve cells and muscle cells, for example, have very different characteristics despite having the same genetic information," writes Smith.
Prof. Yossi Sheffi, director of the MIT Center for Transportation and Logistics, has been named to the top spot in the Supply Chain Digital list of the top 10 supply chain influencers. Sheffi’s “expertise in systems optimization, risk analysis and supply chain management is covered in his extensive body of work,” writes Libby Hargreaves for Supply Chain Digital. “His consultancy with top enterprises cements him as the leading voice in shaping modern supply chain strategies and addressing emerging industry challenges.”
Prof. Jessika Trancik speaks with BBC reporter Isabelle Gerretsen about the future of electric vehicles and how shifting to EVs can help reduce carbon emissions. Trancik and her research lab developed an online tool, dubbed Carboncounter, that can analyze the climate impact of different vehicles. “A shift to an electric vehicle is one of the single most impactful decisions that someone can make if they want to reduce their own emissions," explains Trancik.
Writing for Scientific American, MIT Prof. David Rand and University of Pennsylvania postdoctoral fellow Jennifer Allen highlight new challenges in the fight against misinformation. “Combating misbelief is much more complicated—and politically and ethically fraught—than reducing the spread of explicitly false content,” they write. “But this challenge must be bested if we want to solve the ‘misinformation’ problem.”
Prof. Kerry Emanuel speaks with Washington Post reporters Sarah Kaplan, Shannon Osaka and Dan Stillman about the future of hurricane forecasting. “This is one thing that scares me, if these things can intensify more rapidly,” says Emanuel. “We’re going to have cases where forecasters go to bed with a tropical storm and wake up with a Category 5 when it’s too late to evacuate people.”
Prof. Regina Barzilay has received the WebMD Health Heros award for her work developing a new system that uses AI to detect breast cancer up to 5 years earlier, reports WHDH. “We do have a right to know our risk and then we, together with our healthcare providers, need to manage them,” says Barzilay.