MIT Sloan School of Management

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.”

Forbes contributor Michael T. Nietzel spotlights the newest cohort of Rhodes Scholars, which includes Yiming Chen '24, Wilhem Hector, Anushka Nair, and David Oluigbo from MIT. Nietzel notes that Oluigbo has “published numerous peer-reviewed articles and conducts research on applying artificial intelligence to complex medical problems and systemic healthcare challenges.” 

Yiming Chen '24, Wilhem Hector, Anushka Nair, and David Oluigbo have been named 2025 Rhodes Scholars, report Brian P. D. Hannon and John Hanna for the Associated Press. Undergraduate student David Oluigbo, one of the four honorees, has “volunteered at a brain research institute and the National Institutes of Health, researching artificial intelligence in health care while also serving as an emergency medical technician,” write Hannon and Hanna.

Financial Times reporter Seb Murray highlights a new paper by Prof. Roberto Rigobon and Research Scientist Florian Berg that explores why different ESG ratings can paint different pictures of the same company, finding that “measurement differences between rating agencies are the main source of divergence.” Murray notes that “by exposing these inconsistencies, the research highlights the need for standardization, noting that regulators could help by harmonizing ESG disclosure practices. That would make ratings more reliable and useful for decision makers.”

Research Scientist Nick van der Meulen speaks with Financial Times reporter Bethan Staton about how automation could be used to help employers plug the skills gap. “You can give people insight into how their skills stack up . . . you can say this is the level you need to be for a specific role, and this is how you can get there,” says van der Meulen. “You cannot do that over 80 skills through active testing, it would be too costly.”

Samara Oster MBA '22 has founded Meli, a company that has crafted a gluten-free beer made with organic quinoa, reports Ann Trieger Kurland for The Boston Globe. “With 4.4 percent alcohol, typical of light beers, it’s produced merely with water, high-quality organic quinoa, hops, and yeast,” explains Kurland. 

Postdoctoral associate Peter Slattery speaks with Forbes reporter Tor Constantino about the importance of developing new technologies to easily distinguish AI generated content. “I think we need to be very careful to ensure that watermarks are robust against tampering and that we do not have scenarios where they can be faked,” explains Slattery. “The ability to fake watermarks could make things worse than having no watermarks as it would give the illusion of credibility.” 

Alumna Jessica Galica speaks with Boston Globe reporter Kara Baskin about women in the workforce, and how to create better work-life balance while also pursuing meaningful work. “In 2024, power is the freedom and flexibility to make choices that you want,” says Galica. “I do see women choosing to pause and choosing to downshift as a form of power — because they’re actively and intentionally making that choice. This is a way to exhibit that power, and to go after what you want.”

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. Donald Sull speaks with Fortune reporter Lila Maclellan about his research studying the impact of evolving business models in a company’s success. “Business history is littered with the corpses of companies that have fallen prey to active inertia,” reports Sull. 

Prof. Stuart Madnick speaks with Boston Globe reporter Scooty Nickerson about how to prevent and address data breaches. “Do not put all your eggs in one basket,” says Madnick. “Assume they are breaking in, and make it so they can’t break into every one of [your] systems.” 

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.” 

Writing for Forbes, Senior Lecturer Guadalupe Hayes-Mota SB '08, MS '16, MBA '16, shares five lessons for aspiring entrepreneurs. “Starting a business is not just about having a brilliant idea; it's about finding purpose, solving real problems and building the right team,” explains Hayes-Mota. 

Prof. Simon Johnson, who shared the 2024 Nobel Prize in economic sciences with Prof. Daron Acemoglu, speaks with CNBC “Squawk Box” about his reaction to hearing the news that he was a Nobel laureate and his research on the role of strong institutions in shaping economies. “I think going forward we need to strengthen the resilience of our democracy in the United States,” says Johnson. He adds that having a “resilient democracy, a legitimate democracy, a democracy that everyone believes in and adheres to the results of elections, is absolutely fundamental to everything that we’ve been able to build.”