Keen On

Episode 2220: Nobel Prize Winning Economist Simon Johnson on Technology & Inequality

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Synopsis

The 2024 winners of the Nobel prize for Economics were announced this morning. One of the winners was the MIT economist Simon Johnson, who, as the co-author (with his MIT colleague Daron Acemoglu) of Power and Progress, appeared on KEEN ON just over a year ago to talk about technology & prosperity. Given that the prize was given to Johnson (and Acemoglu) for their work on explaining the gaps in prosperity between nations, we thought it worthwhile to rerun the interview from last year. Particularly since, if anything, the relationship between new technologies like AI and economic inequality is even more pertinent in 2024 than it was last year. SIMON JOHNSON is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is head of the Global Economics and Management group. In 2007-08 he was chief economist at the International Monetary Fund, and he currently co-chairs the CFA Institute Systemic Risk Council. In February 2021, Johnson joined the board of director