In this interview, Daron Acemoğlu provides a definition of institutions as rules that govern how individuals interact and speaks about social, political and economic institutions. He furthermore presents his view on bad or good institutions and the importance of the latter. The video is part of a larger interview, where he elaborates his perspective on differing prosperities of states and the relation between growth and democracy.

Neoclassical Economics imposed itself over the past decades as the core of mainstream economics, largely influencing academia and policy making.

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An introductory course on Game Theory