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Liberal democracy has failed its supporters on several key promises: when it stopped delivering shared prosperity; elevated a new college-educated elite; and drifted away from free expression and democratic self-government. In his new book, Nobel Laureate in Economics Daron Acemoglu argues that repairing liberal democracy is not the answer and offers a new framework: Working-Class Liberalism.

For more, Carol Massar and Tim Stenovec spoke with Daron Acemoglu, Nobel Laureate & MIT Institute Professor