A new study co-authored by Prof. Emeritus Frank Levy that finds chatbot-style artificial intelligence could “fuel a reshaping of the population and labor market map of America,” writes Steve Lohr for The New York Times. Levy and his colleagues found that midsize cities in the Midwest, Mid-Atlantic and South are “well positioned to use AI to become more productive, helping to draw more people to those areas.”
Prof. Daron Acemoglu speaks with Times Higher Ed’s Jack Grove about the importance of maintaining economic and political discussions in higher ed. “It is fine for academics to speak on such issues as long as you can keep that separate from your classrooms and for what constitutes high-quality research,” says Acemoglu. “There are special times when academics should speak out.”
Prof. Daron Acemoglu highlights the importance of adopting alternative technologies in the face of AI advancements, reports Jared Newman for Fast Company. “We need investment for alternative approaches to AI, and alternative technologies, those that I would say are more centered on making workers more productive, and providing better information to workers,” says Acemoglu.
Prof. Abhijit Banerjee speaks with Financial Times reporter John Reed about global politics and the increased need for trust in economists. On his book, Poor Economics, Banerjee says, “I think we have always thought that economic ideas were too important to be left out of the public discourse. There is a sense in which we think economics does a disservice to ourselves and the world by wrapping ourselves in this omniscient jargon.”
New York Times reporter Thomas B. Edsall spotlights research by Prof. David Autor examining how socioeconomic status influences the gender gap. The researchers noted that the “explanation lies in the disproportionate share of boys ranked at or near the bottom on measures of academic performance and behavior — what statisticians call the left tail or lower tail of the distribution,” writes Edsall.
Prof. Daron Acemoglu, one of the recipients of the 2024 Nobel Prize in economics, speaks with NPR Planet Money hosts Jeff Guo and Greg Rosalsky about the academic inspirations that led to his award-winning research studying the role of institutions in shaping economies. “In 1980, as I was in middle school, just the beginning of my seventh grade, Turkey suffered a big military coup,” explains Acemoglu. “There were soldiers everywhere, including in our school. Turkey was definitely not a democratic country at the time, and it was also suffering via a series of economic problems. I got interested in exactly these sets of issues.”
Prof. David Autor has been named a Senior Fellow in the Schmidt Sciences AI2050 Fellows program, and Profs. Sara Beery, Gabriele Farina, Marzyeh Ghassemi, and Yoon Kim have been named Early Career AI2050 Fellows, reports Michael T. Nietzel for Forbes. The AI2050 fellowships provide funding and resources, while challenging “researchers to imagine the year 2050, where AI has been extremely beneficial and to conduct research that helps society realize its most beneficial impacts,” explains Nietzel.
In an interview with Boston Public Radio, Prof. Jon Gruber explains the expected impact of incoming tariff proposals, reports Hannah Loss for GBH. “There is a growing consensus that economic nationalism is something worth taking seriously, in particular for sectors where we are very vulnerable to supply chains and where we have concerns that other countries might not trade fairly,” says Gruber.
Forbes reporter John M. Bremen spotlights a new study by MIT researchers that “shows the most skilled scientists and innovations benefitted the most from AI – doubling their productivity – while lower-skilled staff did not experience similar gains.” The study “showed that specialized AI tools foster radical innovation at the technical level within a domain-specific scope, but also risk narrowing human roles and diversity of thought,” writes Bremen.
Prof. Daron Acemoglu and Prof. Simon Johnson, recipients of the 2024 Nobel Prize in economics, join Boston Public Radio to discuss their research examining the role of institutions in creating shared prosperity. “For the longer-term health of the U.S. economy,” says Acemoglu, “there’s probably nothing more important than its institutions. If any president, any politician, any party damages those institutions, that’s the first thing we should focus on.” Johnson adds: “Democracy has to deliver on shared prosperity. Otherwise people get very annoyed and they question the system.”
Prof. Jon Gruber speaks with former Massachusetts Secretary of Public Safety and Security Andrea Cabral and GBH Boston Public Radio host Margery Eagan about the future of health care in the United States.
Writing for The Boston Globe, Prof. Joshua Angrist, Prof. Parag Pathak and Amanda Schmidt of Blueprint Labs examine the effectiveness of Boston’s school assignment system and transportation policy. “Boston schools have improved greatly since 1974: Dropout rates for all students have declined, and gaps by race, while still present, have narrowed,” they write. “School assignment plans originating in 1974 may therefore be less useful today. It’s time to consider changing transportation policy in light of these changes in the city’s education landscape.”
Prof. Simon Johnson, one of the recipients of the 2024 Nobel Prize in economics, speaks with Times Higher Education reporter Jack Grove about his journey from a childhood in Sheffield as the son of a screw manufacturer to studying for his PhD at MIT and serving as chief economist at the International Monetary Fund. Speaking about how to help ensure AI is used to benefit society and workers, Johnson explains: “Big tech doesn’t like us, but we need a plan for this, and the role of economists like us is to get ideas like this out there so they can be hammered out in the policy world.”
Writing for the Financial Times, Prof. Fiona Murray highlights the importance of developing a new approach to capital gains tax increases. “By focusing on the underlying behaviors we want to incentivize, we can structure taxes more effectively,” explains Murray. “When we provide tax breaks to companies for spending on R&D, we do it to spur behavior we know is good for the overall health of the economy.”
Prof. Daron Acemoglu, a recipient of the 2024 Nobel Prize in economic sciences, speaks with CNBC about the challenges facing the American economy. Acemoglu notes that in his view the coming economic storm is really “both a challenge and an opportunity,” explains Acemoglu. “I talk about AI, I talk about aging, I talk about the remaking of globalization. All of these things are threats because they are big changes, but they’re also opportunities that we could use in order to make ourselves more productive, workers more productive, workers earn more. In fact, even reduce inequality, but the problem is that we’re not prepared for it.”