Daren Acemoglu: Economist Who Forgot Economics

Daren Acemoglu: Economist Who Forgot Economics

John McGinnis, Law & Liberty We need answers for a postindustrial society, but that does not mean we should abandon the fundamental tenets of the free market.

The Economist Who Forgot Economics – John O. McGinnis

Daron Acemoglu won the Nobel Prize in economics in 2024 and is the third most cited economist of all time. Thus, the paradox of his new book, What Happened to Liberal Democracy?, is that its most serious analytic failures are economic. He provides a sincere and serious consideration of modern liberalism’s estrangement from the working class. But when he moves from description to solutions, the basic building blocks of economic analysis disappear…