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.”
Researchers at MIT have developed “Future You,” a generative AI chatbot that enables users to speak with potential older versions of themselves, reports Sharon Goldman for Fortune. The tool “uses a large language model and information provided by the user to help young people ‘improve their sense of future self-continuity, a psychological concept that describes how connected a person feels with their future self,’” writes Goldman. “The researchers explained that the tool cautions users that its results are only one potential version of their future self, and they can still change their lives,” writes Goldman.
Writing for The Boston Globe, Prof. Thomas Kochan explores how workers, unions, CEOs and politicians can all draw lessons from the Market Basket protests in 2014. "The key lesson for workers and unions is to draw on customers and citizens as allies and sources of power," writes Kochan. "If workers’ demands make sense, customers and community members will support them."
Prof. Christopher Palmer joins Infotrak host Chris Witting to discuss his recent study that found logistical assistance increases the likelihood that low-income families will move to neighborhoods that offer better economic opportunity. Palmer and colleagues asked “how come more people with vouchers aren’t availing themselves of the opportunity to move to better neighborhoods? That was a prime motivation for our study.”
Prof. Joshua Angrist speaks with Freakonomics Radio host Stephen Dubner about the influence of his work on public policy. “I like to influence public policy. And I’m happy when I influence public policy, but that is not what I get up in the morning and set out to do,” says Angrist. “I’m an academic, and what I set out to do is high-quality scholarship. I like to get things published in top journals. That’s how I measure my influence. Now, ultimately, a lot of the work I do does affect public policy, or at least it becomes part of the discussion, and that’s gratifying.”
Ms. Magazine reporter Kalindi Vora spotlights Prof. Emerita Evelyn Fox Keller and the legacy of her work in the field of science. “Through her work, [Keller] showed that objectivity, the key value of the sciences, is in fact always partially subjective,” writes Vora. “Her legacy demonstrates that diversifying the sciences will improve research and discovery.”
Writing for Bloomberg, Prof. Carlo Ratti and Arianna Salazar-Miranda SM '16, PhD '23 explore the possibility and potential of developing 15-minute cities in America. “If implemented correctly, the 15-minute city can be an agent of freedom: freedom from traffic jams, freedom to live in a healthy environment and freedom to be outside,” they write. “It is not a one-size-fits-all solution, but our research shows that almost every community in America could benefit from a few more well-placed amenities.”
Prof. Emerita Evelyn Fox Keller, whose “studies on gender and science, the role of language in shaping how we see and study the world,” and analysis of key concepts in modern biology contributed to the history and philosophy of modern biology, has died at age 87, reports Marga Vicedo for Nature. Keller “proposed abandoning the idea that genes are master molecules that provide the blueprints for and direct the development of an organism,” writes Vicedo. Keller also showed how language, including people’s choice of metaphors, influences the directions of scientific research.”
Prof. Emerita Evelyn Fox Keller, “scientist, feminist scholar, and author of influential publications on genetics, developmental biology and scientific language,” has died at 87, reports Angela N. H. Creager for Science. “After training in physics and working in mathematical biology, Evelyn turned her attention to understanding how societal constructs, especially gender, guide science,” writes Creager. “She brought feminist insights into the history and philosophy of biology and sparked broader interdisciplinary conversations about the role of metaphor and rhetoric in science.”
Writing for the Financial Times, Prof. Carlo Ratti explores the concept of the “15-minute city,” which is aimed at creating walkable neighborhoods. “The 15-minute city must be paired with investment in transport between neighborhoods,” writes Ratti, noting that investment is especially needed in public transportation to ensure that 15-minute cities do not contribute to greater segregation.
Professor Emerita Evelyn Fox Keller, a MacArthur genius grant recipient, “theoretical physicist, philosopher and writer who viewed science through a feminist lens,” has died at 87, reports Georgina Ferry for The Guardian. Keller’s work explored “how the practice of science had come to be perceived as intrinsically masculine, and to think about what a gender-neutral science might look like,” writes Ferry.