Influence and Expertise
Daron and Russ discuss the influence that comes with money and expertise, particularly in the financial sector. They explore how access to experts shapes decision-making and the potential for biased perspectives. Despite concerns, they remain optimistic about the strength of US institutions and the limited extent of overt corruption.In this clip
From this podcast
EconTalk
Daron Acemoglu on Inequality and the Financial Crisis
Related Questions
What role does money play in politics as discussed in the episode Daron Acemoglu on Inequality and the Financial Crisis and the clip Money and Politics?
Is the political and economic system rigged in America as discussed in the episode Daron Acemoglu on Inequality, Institutions, and Piketty and the clip Political Inequality and Antitrust Regulation?
What causes deadlock in politics as discussed in the episode Daron Acemoglu on the Financial Crisis and the clip Limits of Political Transactions?