By Michael Roberts * Daron Acemoglu, Simon Johnson and James A Robinson have been awarded the Nobel (really the Riksbank prize) in economics “for studies of how institutions are formed and affect prosperity.” Daron Acemoglu is a professor at the Massachusetts Institute of Technology. Simon Johnson is a professor at the same university. And James Robinson is a professor at ...
By Orçun Göktürk, Beijing / China While Daron Acemoğlu is highly respected in the field of economics, especially in the West, his economic prescriptions and historical understanding, when examined in depth, serve to legitimize the global neoliberal order and conceal mechanisms of imperialist exploitation. Acemoğlu’s neoliberal perspective highlights concepts like the “rule of law,” “democracy,” and “human rights,” which have ...