Daron Acemoğlu's or Paul Baran's prize? <i>A critique of the 2024 Nobel Prize in Economics</i>

The paper critically examines the 2024 Nobel Prize in Economics awarded to Daron Acemoğlu, Simon Johnson, and James Robinson. It argues that their work provides a mystified account of Paul Baran's seminal work on the political economy of growth, the long-run divergence between rich and poor countries, and the genocidal roots of settler colonialism.