Daron Acemoglu Explained

Daron Acemoglu
Birth Name:Kamer Daron Acemoğlu
Birth Date:3 September 1967
Birth Place:Istanbul, Turkey
Citizenship:Turkey and United States
Spouse:Asu Ozdaglar
Field:Political economy
Economic growth
Development economics
Labour economics
School Tradition:New institutional economics
Doctoral Advisor:Kevin W. S. Roberts
Doctoral Students:Robert Shimer • Mark Aguiar • Pol Antràs • Gabriel Carroll • Melissa Dell • Benjamin Jones • Ufuk Akcigit
Influences:Joel Mokyr • Kenneth Sokoloff • Douglass North • Seymour Martin Lipset • Barrington Moore
Education:Galatasaray High School
University of York (BA)
London School of Economics (MSc, PhD)
Repec Id:pac16
Repec Prefix:e
Module2:
Child:yes
Thesis Title:Essays in microfoundations of macroeconomics: contracts and macroeconomic performance
Thesis Year:1992

Kamer Daron Acemoğlu (pronounced as /tr/;[1] born September 3, 1967) is a Turkish-American economist of Armenian descent who has taught at the Massachusetts Institute of Technology since 1993, where he is currently the Elizabeth and James Killian Professor of Economics, and was named an Institute Professor at MIT in 2019.[2] He received the John Bates Clark Medal in 2005, and the Nobel Prize in Economics in 2024.[2] [3]

Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60" in a 2011 survey among American economists.[4] In 2015, he was named the most cited economist of the past 10 years per Research Papers in Economics (RePEc) data. According to the Open Syllabus Project, Acemoglu is the third most frequently cited author on college syllabi for economics courses after Mankiw and Krugman.[5]

In 2024, Acemoglu, James A. Robinson, and Simon Johnson were awarded the Nobel Memorial Prize in Economic Sciences for their comparative studies in prosperity between states and empires.[6]

Early and personal life

Kamer Daron Acemoğlu[8] was born in Istanbul to Armenian parents on September 3, 1967.[9] His father, Kevork Acemoglu (1938–1988), was a commercial lawyer and lecturer at Istanbul University. His mother, Irma Acemoglu, was the principal of, an Armenian elementary school in Kadıköy,[10] which he attended, before graduating from Galatasaray High School in 1986.[11] [12] He became interested in politics and economics as a teenager.

He was educated at the University of York, where he received a BA in economics in 1989, and at the London School of Economics (LSE), where he received an MSc in econometrics and mathematical economics in 1990, and a PhD in economics in 1992. His doctoral thesis was titled Essays in Microfoundations of Macroeconomics: Contracts and Economic Performance. His doctoral advisor was Kevin W. S. Roberts. James Malcomson, one of his doctoral examiners at the LSE, said that even the weakest three of the seven chapters of his thesis were "more than sufficient for the award of a PhD." Arnold Kling called him a wunderkind due to the age at which he received his PhD (25).

Acemoglu is a naturalized US citizen. He is fluent in English and Turkish,[13] and speaks some Armenian.[14] He is married to Asuman "Asu" Ozdağlar, a professor of electrical engineering and computer science at MIT,[15] who is the daughter of İsmail Özdağlar, a former Turkish government minister. Together, they have authored several articles.[16] [17], they live in Newton, Massachusetts, with their two sons, Arda and Aras.[18]

Academic career

Acemoglu was a lecturer in economics at the London School of Economics from 1992 to 1993.[2] He was appointed an assistant professor at MIT in 1993, where he became the Pentti Kouri Associate Professor of Economics in 1997, and was tenured in 1998.[2] He became a full professor at MIT in 2000, and served as the Charles P. Kindleberger Professor of Applied Economics there from 2004 to 2010.[2] In 2010, Acemoglu was appointed the Elizabeth and James Killian Professor of Economics at MIT. In July 2019, he was named an Institute Professor, the highest faculty honor at MIT.[19]

, he has mentored over 60 PhD students.[19] Among his doctoral students are Robert Shimer, Mark Aguiar, Pol Antràs, and Gabriel Carroll. In 2014, he made $841,380, making him one of the top earners at MIT.[20]

Acemoglu is a research associate at the National Bureau of Economic Research (NBER), and was elected a Fellow of the Econometric Society in 2005.[2] [21] He was elected to the American Academy of Arts and Sciences in 2006, and to the National Academy of Sciences in 2014.[22] [23] He is also a Senior Fellow at the Canadian Institute for Advanced Research, and a member of several other learned societies.[24] [25] He edited Econometrica, an academic journal published by the Econometric Society, from 2011 to 2015.[26]

Acemoglu has authored hundreds of academic papers. He noted that most of his research has been "motivated by trying to understand the sources of poverty." His research includes a wide range of topics, including political economy, human capital theory, growth theory, economic development, innovation, labor economics, income and wage inequality, and network economics, among others.[27] He noted in 2011 that most his research of the past 15 years concerned with what can be broadly called political economy. He has made contribution to the labor economics field.

Acemoglu has extensively collaborated with James A. Robinson, a British political scientist, since 1993. Acemoglu has described it as a "very productive relationship." They have worked together on many articles and books, most of which are on the subject of growth and economic development. The two have also extensively collaborated with economist Simon Johnson.

Research and publications

Acemoglu is considered a follower of new institutional economics.[28] [29] [30] His influences include Joel Mokyr, Kenneth Sokoloff, Douglass North,[31] Seymour Martin Lipset, and Barrington Moore.

Books

Economic Origins of Dictatorship and Democracy

Published by Cambridge University Press in 2006, Economic Origins of Dictatorship and Democracy by Acemoglu and Robinson analyzes the creation and consolidation of democratic societies. They argue that "democracy consolidates when elites do not have a strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization."[32]

Romain Wacziarg praised the book and argued that its substantive contribution is the theoretical fusion of the Marxist dialectical materialism ("institutional change results from distributional struggles between two distinct social groups, a rich ruling class and a poor majority, each of whose interests are shaped primarily by economic forces") and the ideas of Barry Weingast and Douglass North, who argued that "institutional reform can be a way for the elite to credibly commit to future policies by delegating their enactment to interests that will not wish to reverse them."[33] William Easterly called it "one of the most important contributions to the literature on the economics of democracy in a long time." Edward Glaeser described it as "enormously significant" work and a "great contribution to the field."[34]

Why Nations Fail

In their 2012 book, Why Nations Fail, Acemoglu and Robinson argue that economic growth at the forefront of technology requires political stability, which the Mayan civilization (to name only one) did not have,[35] and creative destruction. The latter cannot occur without institutional restraints on the granting of monopoly and oligopoly rights. They say that the Industrial Revolution began in Great Britain, because the English Bill of Rights 1689 created such restraints.

Acemoglu and Robinson insist that "development differences across countries are exclusively due to differences in political and economic institutions, and reject other theories that attribute some of the differences to culture, weather, geography or lack of knowledge about the best policies and practices."[36] For example, "Soviet Russia generated rapid growth as it caught up rapidly with some of the advanced technologies in the world [but] was running out of steam by the 1970s" because of a lack of creative destruction.[37]

The book was written for the general audience.[36] It was widely discussed by political analysts and commentators.[38] [39] [40] [41] Warren Bass wrote of it in The Washington Post: "bracing, garrulous, wildly ambitious and ultimately hopeful. It may, in fact, be a bit of a masterpiece."[42]

Clive Crook wrote in Bloomberg News that the book deserves most of the "lavish praise" it received.[43] In his review in Foreign Affairs Jeffrey Sachs criticized Acemoglu and Robinson for systematically ignoring factors such as domestic politics, geopolitics, technological discoveries, and natural resources. He also argued that the book's appeal was based on readers' desire to hear that "Western democracy pays off not only politically but also economically."[44] Bill Gates called the book a "major disappointment" and characterized the authors' analysis as "vague and simplistic."[45] Ryan Avent, an editor at The Economist, responded that "Acemoglu and Robinson might not be entirely right about why nations succeed or fail. But at least they're engaged with the right problem."[46]

The Narrow Corridor

In The Narrow Corridor. States, Societies, and the Fate of Liberty (2019), Acemoglu and Robinson argue that a free society is attained when the power of the state and of society evolved in rough balance.[47]

Power and Progress

Published in 2023, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity is a book by Acemoglu and Simon Johnson on the historical development of technology and the social and political consequences of technology.[48] The book addresses three questions, on the relationship between new machines and production techniques and wages, on the way in which technology could be harnessed for social goods, and on the reason for the enthusiasm around artificial intelligence.

Power and Progress argues that technologies do not automatically yield social goods, their benefits going to a narrow elite. It offers a rather critical view of artificial intelligence (AI), stressing its largely negative impact on jobs and wages and on democracy.

Acemoglu and Johnson also provide a vision of how new technologies could be harnessed for social good. They see the Progressive Era as offering a model. They also discuss a list of policy proposals for the redirection of technology that includes: (1) market incentives, (2) the break up of big tech, (3) tax reform, (4) investing in workers, (5) privacy protection and data ownership, and (6) a digital advertising tax.[49]

Papers

Social programs and policies

In a 2001 article, Acemoglu argued that the minimum wage and unemployment benefits "shift the composition of employment toward high-wage jobs. Because the composition of jobs in the laissez-faire equilibrium is inefficiently biased toward low-wage jobs, these labor market regulations increase average labor productivity and may improve welfare."[50] Furthermore, he has argued that "minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees."[51]

Democracy and economy

Acemoglu et al. found that "democracy has a significant and robust positive effect on GDP" and suggested that "democratizations increase GDP per capita by about 20% in the long run."[52] In another paper, Acemoglu et al. found that "there is a significant and robust effect of democracy on tax revenues as a fraction of GDP, but no robust impact on inequality."[53]

Social democracy and unions

Acemoglu and Philippe Aghion argued in 2001 that although deunionization in the US and UK since the 1980s is not the "underlying cause of the increase in inequality", it "amplifies the direct effect of skill-biased technical change by removing the wage compression imposed by unions."[54]

According to Acemoglu and Robinson, unions historically had a significant role in creating democracy, especially in western Europe, and in maintaining a balance of political power between established business interests and political elites.[55]

Nordic model

In a 2012 paper titled "Can't We All Be More Like Scandinavians?", co-written with Robinson and Verdier, he suggests that "it may be precisely the more 'cutthroat' American society that makes possible the more 'cuddly' Scandinavian societies based on a comprehensive social safety net, the welfare state and more limited inequality." They concluded that "all countries may want to be like the 'Scandinavians' with a more extensive safety net and a more egalitarian structure," however, if the United States shifted from being a "cutthroat [capitalism] leader", the economic growth of the entire world would be reduced.[56] He argued against the US adopting the Nordic model in a 2015 op-ed for The New York Times. He again argued: "If the US increased taxation to Denmark levels, it would reduce rewards for entrepreneurship, with negative consequences for growth and prosperity." He praised the Scandinavian experience in poverty reduction, creation of a level playing field for its citizens, and higher social mobility.[57] This was critiqued by Lane Kenworthy, who argues that, empirically, the US's economic growth preceded the divergence in 'cutthroat' and 'cuddly' policies, and there is no relationship between inequality and innovation for developed countries.[58]

Colonialism

"The Colonial Origins of Comparative Development", co-written by Acemoglu, Robinson, and Simon Johnson in 2001, is by far his most cited work. Graham Mallard described it as an "excellent example of his work: an influential paper that has led to much debate." They argue that Europeans set up extractive institutions in colonies where they did not settle, unlike in places where they did settle and that these institutions have persisted. They estimated that "differences in institutions explain approximately three-quarters of the income per capita differences across former colonies."[59] [60] Historical experience dominated by extractive institutions in these countries has created a vicious circle, which was exacerbated by the European colonization.

A critique of modernization theory

Daron Acemoglu and James A. Robinson, in their article "Income and Democracy" (2008) show that even though there is a strong cross-country correlation between income and democracy, once one controls for country fixed effects and removes the association between income per capita and various measures of democracy, there is "no causal effect of income on democracy."[61] In "Non-Modernization" (2022), they further argue that modernization theory cannot account for various paths of political development "because it posits a link between economics and politics that is not conditional on institutions and culture and that presumes a definite endpoint—for example, an 'end of history'."[62]

Views

Journalists and economists have described Acemoglu as a centrist. Why Nations Fail was well received by both liberal and conservative economists.[63] Acemoglu's and Robinson's long-time collaborator Simon Johnson suggests that their "point is not just about how things may become awful when the government goes off track (a right-leaning point). They are also more deeply concerned about how powerful people fight to grab control of the state and otherwise compete to exert influence over the rest of society (a left-leaning perspective)."

Acemoglu has praised the successes of the Progressive Era, and argued in favor of its replication.[64] He argues that the market economy is the only system that creates prosperity, and believes in finding an appropriate balance between "incentivizing creativity, hard work and risk-taking and creating the essential public services, social safety nets and equality of opportunity." For Acemoglu, markets work only with regulations and predictable laws and that all markets are regulated to some extent; it is only a matter of degree. He suggests that free markets are not unregulated markets.

Wall StreetIn September 2008, Acemoglu signed a petition condemning the Bush administration's bailout plan for the US financial system.[65] As the main cause of the financial crisis of 2007–2008, he stated that policy makers were "lured by ideological notions derived from Ayn Rand's novels rather than economic theory" and opined: "In hindsight, we should not be surprised that unregulated profit-seeking individuals have taken risks from which they benefit and others lose." In an early analysis of the Great Recession, Acemoglu wrote: "When channeled into profit-maximizing, competitive, and innovative behavior under the auspices of sound laws and regulations, greed can act as the engine of innovation and economic growth. But when unchecked by the appropriate institutions and regulations, it will degenerate into rent-seeking, corruption, and crime." He argues that the heavy overrepresentation from the financial sector in the top 1% "has been an outcome of the political processes that have removed all of the regulations in finance, and so created the platform for 40 percent of U.S. corporate profits to be in the financial sector." He argues that a platform, particularly in Wall Street, has been created "where the ambition and greed of people, often men, has been channeled in a very anti-social, selfish and socially destructive direction."
InequalityAcemoglu has voiced concerns regarding the increasing inequality in the US, which in his view turns into political inequality, in turn undermining the inclusiveness of US institutions.[39] In 2012 he identified societal polarization, caused by economic inequality, as the biggest problem for the US. He argues that "democracy ceases to function because some people have so much money they command greater power." He states that he is comfortable with economic inequality which comes through different social contributions as it is a "price that we pay for providing incentives for people to contribute to prosperity." However, high levels of inequality create problems as the rich who control significant portions of the societal resources use them to create an "unequal distribution of political power." He sees the solution in increasing social mobility by "providing an opportunity for the bottom to become rich, not forcing the rich to become poor."

Acemoglu has praised the American tradition of vibrant protest movements dating back to the Populists and the Progressives. He has also praised Occupy Wall Street for "putting the question of inequality on the agenda, but also for actually standing up for political equality." He notes that Occupy Wall Street brought the 1% to the attention of the wider public, and to the attention of academia by Tony Atkinson, Thomas Piketty, and Emmanuel Saez.

Specific policiesAcemoglu is in favor of raising and indexing the minimum wage.[66]

Acemoglu believes that universal basic income is "expensive and not generous enough" and that a "more efficient and generous social safety net is needed."[67] He further called it a "flawed idea" and a "poorly designed policy." He instead advocates for a "guaranteed-income program [that] would offer transfers only to individuals whose monthly income is below $1,000, thereby coming in at a mere fraction of a UBI's cost." He calls for "universal health care, more generous unemployment benefits, better-designed retraining programs, and an expanded earned income tax credit (EITC)."[68] Acemoglu supports a negative income tax, calling it a "more sensible" alternative to UBI.[69]

Acemoglu believes that nation-building by the West is no longer possible around the world because the West now lacks the resources and commitment that were present in post-World War II Germany and Japan, and because countries where progress is needed today, such as in the Muslim- and Arab-majority world, do not trust the West.[70]

He views the US war on drugs as a "total and very costly failure",[71] and supported the 2013 ballot referendum Colorado Amendment 64, a successful popular initiative that legalized the sale of recreational marijuana.[72]

In a 2016 interview with National Public Radio, he opined that the US infrastructure is in a "pitiful state, with negative consequences for US economic growth."[73]

Socialism, communism, and MarxismAcemoglu argues that socialist states have not been successful in creating prosperity.[74] He wrote that socialist regimes "from Cuba to the eastern bloc have been disastrous both for economic prosperity and individual freedom."

In a review written with James A. Robinson, he argues that Thomas Piketty and Karl Marx are "led astray" due to their disregard for "the key forces shaping how an economy functions: the endogenous evolution of technology and of the institutions and the political equilibrium that influence not only technology but also how markets function and how the gains from different economic arrangements are distributed."[75]

Social democracy and unionsIn 2019, Acemoglu argued in favor of social democracy. He stated: "[Social democracy, when practiced by competent governments] is a phenomenal success. Everywhere in the west is to some degree social democratic, but the extent of this varies. We owe our prosperity and freedom to social democracy." However, he qualified this statement by arguing that social democracy "did not achieve these things by taxing and redistributing a lot. It achieved them by having labor institutions protecting workers, encouraging job creation and encouraging high wages." Following from this, Acemoglu opined that the economists of US presidential candidate Bernie Sanders, who is an advocate of democratic socialism along the lines of the Nordic model, "don't understand basic economics. They are not just dangerous, they are clueless."

Acemoglu argued that a "tradition of strong labor movement or social democratic party, by constraining the actions of the social planner, can act as a commitment device to egalitarianism, inducing an equilibrium in which the country in question becomes the beneficiary from the asymmetric world equilibrium."[56]

Donald TrumpIn an op-ed in Foreign Policy, Acemoglu claimed that President Donald Trump shared political goals and strategies of Hugo Chávez, Vladimir Putin, and Recep Tayyip Erdoğan, such as "little respect for the rule of law or the independence of state institutions, ... a blurred vision of national and personal interests, ... little patience with criticism and a long-established strategy of rewarding loyalty, which can be seen in his high-level appointments to date. This is all topped by an unwavering belief in his abilities." In a 2019 interview with Der Spiegel, Acemoglu stated that he sees similarities between Trump and the Republican Party and the Nazis: "Surely, Trump and the Republicans are no Nazis. But they are exploiting the same political sentiment." He argues that Trump "poses a great risk to U.S. democracy" because he is "looking for a new order with elements of anti-liberalism, misinformation and a lax attitude to corruption. If he is re-elected next year, it will be the beginning of the end of American democracy."[76]
Authoritarian countriesAccording to Acemoglu, the three obstacles for economic growth under authoritarian regimes are the tendency of authoritarian regimes to become more authoritarian, their tendency to use power to halt "Schumpeterian creative destruction, which is key to sustaining growth" and the instability and uncertainty caused by internal conflicts. He believes that Saudi Arabia would be like a poor African country without the oil, while the "only thing that is keeping [Russia] going is a big boom in natural resources and a clever handling of the media."[77]

He believes that China has managed to achieve significant economic growth because it "sort of picked up the low hanging fruit from the world technology frontier, but that sort of growth is not going to last until China goes to the next step, which is harnessing innovation," which he argues will be impossible "unless economic institutions become even more open and the extractive political institutions in China will be a barrier to that." He and Robinson wrote for the HuffPost that the "limited rights [China] affords its citizens places major restrictions on the country's longer-term possibilities for prosperity."[78]

TurkeyAcemoglu opined that the Republic of Turkey, formed in 1923 by Atatürk, "is very continuous with the Ottoman Empire." Although the shift from empire to republic brought some positive changes, he argues, the model was largely maintained by the reformers who took power, citing a persistent concentration of power and economic activity.[79] He suggests that the Republican period has been characterized by an unwillingness to accept ethnic minorities.[80] In 2014, Acemoglu condemned the widespread anti-Armenian rhetoric in Turkish textbooks, and demanded that the books be pulled from circulation.

Acemoglu has criticized Recep Tayyip Erdoğan and his government for its authoritarian rule.[81] In a 2013 op-ed in The New York Times, following the crackdown of Gezi Park protests, Acemoglu wrote that "Even before the brutal suppression of the demonstrations, the belief that Turkey was on its way to becoming a mature democracy — a role model for the rest of the Middle East — had already become untenable."[82] In a May 2014 op-ed in Foreign Affairs, Acemoglu wrote that the drift from democracy by Erdogan is lamentable, but an "almost predictable, stage of Turkey's democratic transition."[83] In the late 2010s, Acemoglu often criticized Turkey's economic policies and consequently became popular with the opposition.[84]

ArmeniaIn a 2015 interview with the Armenian service of Voice of America, Acemoglu stated that he has always been interested in economic, political, and social developments in Armenia. Talking via video, Acemoglu partook in the Armenian Economic Association's annual conference in October 2013 held at the Yerevan State University, during which he argued that Armenia's problem is political, and not geographic, cultural, or geopolitical. He called for the Armenian government to be "more responsive to the wishes of its citizens so that through that political process Armenia ceases to be an oligarchy."[85]

In a September 2016 conference in Toronto, Acemoglu criticized the Armenian diaspora for legitimizing the successive governments in Armenia, especially when the rights of its citizens are violated, and a wrong economic and political line is being followed in the country.[86] In an April 2017 conference held by the USC Institute of Armenian Studies, Acemoglu stated that while "Armenia could have looked much more like the Czech Republic or Estonia and what we got instead is a country that looks much more like Azerbaijan or Uzbekistan, which is a real shame." He suggested that in the immediate post-Soviet years Armenia was "stronger and it's been getting worse and worse." He criticized the level of corruption of the government, which has systematically closed the political system.[87]

Other countriesIn an op-ed for The Globe and Mail following the 2014 Ukrainian revolution, Acemoglu advocated Ukraine "to break with its past as quickly as possible. It needs to move away from Russia, politically and economically, even if that means an end to the natural-gas subsidies Russia has used to keep it in the position of a client state. Even more important is for Ukraine's leaders to spread political power and economic benefits to the maximum number of its people, including Russian speakers."[88]

Acemoglu argued that the Greek government-debt crisis was caused by the "terrible state of Greek institutions, and the clientelistic nature of its politics",[89] and stated that the country's problems are "political not just macroeconomic."[90] He identified lack of political integration within the EU as Greece's problem, and said that "the only way forward for Europe is to have greater fiscal and banking integration or to abandon monetary integration."[89]

Political involvement

Turkey

In March 2011, Turkish Foreign Minister Ahmet Davutoğlu offered to appoint Acemoglu Turkey's permanent representative to the OECD in Paris, a post he turned down in order to continue his academic career.[91] [92] [93] [94]

Acemoglu met with Kemal Kılıçdaroğlu, leader of the opposition Republican People's Party (CHP) in October 2022.[95] [96] In December 2022 Kılıçdaroğlu appointed Acemoglu, among others, as his economic adviser.[97] Pro-Erdogan circles criticized the move. One pro-government columnist said: "The Armenian Daron Acemoğlu, praised by FETÖ, prepared Kılıçdaroğlu's vision program, (resembling his own roots)." In response, finance professor Özgür Demirtaş defended Acemoglu. "This tweet is both racist and presumptuous. The influence of Daron Acemoğlu on world's economy-finance professors is greater than the number of cells in your body. It's terrible that you talk like this about a professor who made us proud and is going for the Nobel prize."[98] Yeni Şafak, a pro-government newspaper, ran the headline: "Daron Acemoğlu, one of the new economic advisors of the CHP, could not solve the economic crisis of Armenia."[99]

Armenia

Following the 2018 Armenian revolution, opposition leader-turned-Prime Minister Nikol Pashinyan wrote on his Facebook page that Acemoglu told him that he is ready to help Armenia to "restore and develop" its economy.[100] [101] Pashinyan and Acemoglu talked via the internet in June 2018.[102] Acemoglu met with Deputy Prime Minister Tigran Avinyan in Boston in July 2019.[103] [104]

Recognition

According to data collected by Research Papers in Economics (RePEc), Acemoglu was the most cited economist of the decade leading to 2015.[105] According to Google Scholar, his works (including co-authored works) have been cited nearly 250,000 times . In a 2011 survey of 299 economics professors in the US, Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60".[106]

He was listed 88th in Foreign Policys 2010 list of Top 100 Global Thinkers "for showing that freedom is about more than markets."[107] Acemoglu was voted by the readers of Prospect Magazine as the world's top thinker for 2024.[108]

Francis Fukuyama has described Acemoglu and his long-time collaborator James A. Robinson as "two of the world's leading experts on development."[109] Clement Douglas wrote in the Federal Reserve Bank of Minneapolis publication that the "scope, depth and sheer volume of [his] scholarship are nothing short of breathtaking, verging on implausible." Angus Deaton called him a "young superstar" and noted that Acemoglu is "a very good example of the way things ought to be going, which is you do history but you know enough mathematics to be able to model it too."[110]

Awards

Economics awards
State orders and awards
Honorary degreesAcemoglu has been awarded honorary degrees from the following universities: Utrecht University (2008), Boğaziçi University (2011), the University of Athens (2014), Bilkent University (2015),[120] University of Bath (2017),[121] ENS Paris-Saclay (2017), London Business School (2018), and the University of Glasgow (2024).[122]
Other

Nobel Prize

Acemoglu was long considered a prospective Nobel laureate.[124] [125] [126] [127] [128] In 2024, Acemoglu, jointly with James A. Robinson and Simon Johnson, were awarded the Nobel Memorial Prize in Economic Sciences for their comparative studies in prosperity between nations.[129] The trio was recognized for their studies on how political and economic institutions impact a nation's development, highlighting the distinction between inclusive institutions, which promote widespread economic participation and growth, and extractive institutions, which concentrate power and wealth in the hands of a few.[130] Acemoglu became the second ethnic Armenian (after Ardem Patapoutian)[131] and third Turkish national (after Orhan Pamuk and Aziz Sancar) to become a Nobel laureate.[132]

Selected bibliography

References

Sources

Notes and References

  1. Web site: October 15, 2024 . Prof. Dr. Daron Acemoğlu'na Nobel Ekonomi Ödülü'nü Getiren Makale . The Article that brought Prof. Dr. Daron Acemoglu the Nobel Prize in Economics . October 15, 2024 . . . Turkish.
  2. Web site: Daron Acemoğlu CV August 2022. economics.mit.edu.
  3. Web site: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 . October 14, 2024 . NobelPrize.org . en-US.
  4. Web site: Economics Professors' Favorite Economic Thinkers, Journals, and Blogs (Along with Party and Policy Views) · Econ Journal Watch : Economists, favorite economists, economics journals, economics blogs, party, voting, policy views, survey, Adam Smith . May 13, 2011 .
  5. Web site: 192,209 Authors . opensyllabus.org . Open Syllabus . https://web.archive.org/web/20220921150129/https://opensyllabus.org/results-list/authors?size=50&fields=Economics . September 21, 2022.
  6. Web site: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 . October 14, 2024 . NobelPrize.org . en-US.
  7. Why Nations Fail is freely available digitally from the Internet Archive: https://ia601506.us.archive.org/27/items/WhyNationsFailTheOriginsODaronAcemoglu/Why-Nations-Fail_-The-Origins-o-Daron-Acemoglu.pdf
  8. News: Arşaluys Acemoğlu. https://web.archive.org/web/20101013130944/http://gazetearsivi.milliyet.com.tr/Arsiv/1985/05/14. dead. October 13, 2010. Milliyet. May 14, 1985. tr. ...Kevork ve İrma Acemoğulları...Kamer Daron Acemoğlu....
  9. Book: Sorman . Guy . Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis . 2013 . . 978-1594032547 . 31 . ...Daron Acemoğlu, an Armenian from Turkey... . Guy Sorman.
  10. News: Daron Acemoğlu, dünyanın en önemli 10 iktisatçısından biri. Agos. October 28, 2013. https://web.archive.org/web/20170908210804/http://www.agos.com.tr/tr/yazi/5897/daron-acemoglu-dunyanin-en-onemli-10-iktisatcisindan-biri. September 8, 2017. tr.
  11. News: Daron Acemoğlu kimdir? Kaç yaşında, nereli, mesleği ne? Prof. Dr. Daron Acemoğlu'nun hayatı ve biyografisi! . https://web.archive.org/web/20210820175545/https://www.haberler.com/daron-acemoglu-kimdir-kac-yasinda-nereli-14331400-haberi/ . August 20, 2021 . haberler.com . tr . İlköğrenimini İstanbul Kadıköy'deki Aramyan Uncuyan Ermeni İlkokulu'nda tamamladıktan....
  12. News: Galatasaray Ödülü Daron Acemoğlu'na . . December 16, 2011 . https://web.archive.org/web/20200317125600/http://www.agos.com.tr/tr/yazi/113/galatasaray-odulu-daron-acemogluna . March 17, 2020 . tr.
  13. Examples of Acemoglu speaking Turkish:
  14. Web site: Հայաստանը թեւակոխեց զարգացման նոր փուլ՝ Տարոն Աճեմօղլու . Armenia entered a new stage of development: Daron Acemoglu. Voice of America Armenian Service . https://web.archive.org/web/20230104100808/https://www.youtube.com/watch?v=x0aF2tQfjwE&gl=US&hl=en . January 4, 2023 . hy . May 31, 2018 . January 4, 2023 . dead .
  15. News: Hardesty. Larry. Gaming the System. MIT Technology Review. June 18, 2013. ...Ozdaglar and her husband, the MIT economist Daron Acemoglu....
  16. Web site: Asuman Ozdaglar. National Bureau of Economic Research.
  17. Web site: Asuman Ozdaglar. Google Scholar. November 10, 2017. October 13, 2020. https://web.archive.org/web/20201013165010/https://scholar.google.com/citations?user=nWnBSOsAAAAJ&hl=en. dead.
  18. Web site: Political Institutions and Comparative Development. nber.org. National Bureau of Economic Research. https://web.archive.org/web/20170915220439/http://www.nber.org/reporter/2015number2/acemoglu.html. September 15, 2017.
  19. Web site: Daron Acemoglu named Institute Professor . Peter . Dizikes . news.mit.edu . MIT News Office . https://web.archive.org/web/20190711175057/http://news.mit.edu/2019/daron-acemoglu-institute-professor-0710 . July 11, 2019 . July 10, 2019.
  20. News: Bingham. Emma. MIT's highest pay goes to administrators, MITIMCo leadership. The Tech. June 2, 2016. bot: unknown. https://web.archive.org/web/20170917032253/https://thetech.com/2016/06/02/mit-highest-compensation-2014. September 17, 2017.
  21. Web site: Current Fellows . January 23, 2024 . www.econometricsociety.org . en.
  22. Web site: Member Directory American Academy of Arts and Sciences . January 23, 2024 . www.amacad.org.
  23. Web site: Member Search . January 23, 2024 . www.nasonline.org.
  24. Web site: Daron Acemoglu. cifar.ca.
  25. Web site: Daron Acemoglu . nber.org . National Bureau of Economic Research.
  26. Web site: Past Editors and Co-editors of Econometrica. econometricsociety.org. Econometric Society. bot: unknown. https://web.archive.org/web/20161130022444/http://www.econometricsociety.org/publications/econometrica/editorial-board/past-editors-and-co-editors-econometrica. November 30, 2016.
  27. Web site: Daron Acemoglu. cifar.ca. Canadian Institute for Advanced Research.
  28. Dzionek-Kozłowska. Joanna. Matera. Rafał. New Institutional Economics' Perspective on Wealth and Poverty of Nations. Concise Review and General Remarks on Acemoglu and James A. Robinson's Concept. Annals of the Alexandru Ioan Cuza University – Economics. October 2015. 62. 1. 11–18. 10.1515/aicue-2015-0032. November 29, 2024 . free.
  29. Book: Keefer. Philip. Knack. Stephen. Handbook of New Institutional Economics. 2005. 700–725. https://mpra.ub.uni-muenchen.de/25025/. Social capital, social norms and the New Institutional Economics.
  30. Web site: Introductory Reading List: New Institutional Economics . coase.org . Ronald Coase Institute . January 11, 2020 . https://web.archive.org/web/20191225105852/https://www.coase.org/niereadinglist.htm . December 25, 2019.
  31. Web site: Wilkinson. Will. Will Wilkinson. The Great Enrochment and Social Justice. Niskanen Center. May 10, 2016. Douglass North and his followers, such as Daron Acemoglu and James Robinson....
  32. Web site: Economic Origins of Dictatorship and Democracy. Cambridge University Press.
  33. Wacziarg. Romain. Romain Wacziarg. Determinants of Democratization. Science. September 15, 2006. 313. 5793. 1576–1577. 20031295. 10.1126/science.1131936. 154213515.
  34. Review: Four Reviews of "Economic Origins of Dictatorship and Democracy". The Economic Journal. February 2007. 117. 517. F162–F183. 4625479. 10.1111/j.1468-0297.2007.02031_1.x . Drazen . Allan. free.
  35. e.g., p. 143
  36. Web site: Radelet. Steven. Steven Radelet. Why Nations Fail by Daron Acemoglu and James A. Robinson. United States Agency for International Development. https://web.archive.org/web/20170916201826/https://www.usaid.gov/fallsemester/usaid-101/book-club/why-nations-fail. September 16, 2017. October 12, 2012.
  37. p. 150.
  38. News: Creating economic wealth: The big why. The Economist.
  39. News: Friedman. Thomas L.. Thomas Friedman. Why Nations Fail. The New York Times. March 31, 2012.
  40. News: Collier. Paul. Paul Collier. Why Nations Fail by Daron Acemoğlu and James Robinson – review. The Guardian. March 11, 2012.
  41. Web site: Hunter. Janet. Book Review: Why Nations Fail: the Origins of Power, Prosperity, and Poverty by Daron Acemoglu & James A Robinson. London School of Economics. August 31, 2012.
  42. News: Bass. Warren. Book review: 'Why Nations Fail,' by Daron Acemoglu and James A. Robinson. The Washington Post. April 20, 2012.
  43. News: Crook. Clive. Clive Crook. 'Why Nations Fail' Is Not Quite as Good as They Say. Bloomberg News. April 4, 2012. bot: unknown. https://web.archive.org/web/20171027201546/https://www.bloomberg.com/view/articles/2012-04-03/-why-nations-fail-is-not-quite-as-good-as-they-say. October 27, 2017.
  44. Sachs. Jeffrey. Jeffrey Sachs. Government, Geography, and Growth: The True Drivers of Economic Development. Foreign Affairs. 2012. 91. 5. 142–150. 41720868.
  45. Web site: Gates. Bill. Bill Gates. Good Ideas, but Missing Analysis. gatesnotes.com. February 26, 2013.
  46. News: R.A.. Institutions matter, a lot. The Economist. March 6, 2013.
  47. Daron Acemoglu and James A. Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty. New York: Penguin, 2019.
  48. Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: Public Affairs, 2023.
  49. Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs, 2023, Ch. 11.
  50. Acemoglu. Daron. Good Jobs versus Bad Jobs. Journal of Labor Economics. January 2001. 19. 1. 1–21. 10.1086/209978. 10.1086/209978. 10.1.1.687.4806. 2316641.
  51. Book: Acemoglu . Daron . Pischke . Jörn-Steffen . Minimum Wages and On-the-job Training . . 22 . 159–202 . 0147-9121 . 10.1016/S0147-9121(03)22005-7 . 2003 . 978-0-7623-1026-5 . 1721.1/63851 . http://www.nber.org/papers/w7184.pdf.
  52. Acemoglu . Daron . Naidu . Suresh . Restrepo . Pascual . Robinson . James A. . James A. Robinson (economist) . Democracy Does Cause Growth . March 2014 . 10.3386/w20004 . . Working Paper No. 20004 . free.
  53. Acemoglu . Daron . Naidu . Suresh . Restrepo . Pascual . Robinson . James A. . Democracy, Redistribution and Inequality . December 2013 . 10.3386/w19746 . . Working Paper No. 19746 . free.
  54. Acemoglu. Daron. Aghion. Philippe. Philippe Aghion. Deunionization, technical change and inequality. Carnegie-Rochester Conference Series on Public Policy. 2001. 55. 229–264. 10.1016/s0167-2231(01)00058-6. 17495766. November 24, 2017. August 10, 2018. https://web.archive.org/web/20180810235529/https://economics.mit.edu/files/5691. dead.
  55. Acemoglu. Daron. Robinson. James A.. Economics versus Politics: Pitfalls of Policy Advice. Journal of Economic Perspectives. 2013. 27. 2. 173–192. 10.1257/jep.27.2.173. 1721.1/82599. free. December 1, 2019. January 25, 2020. https://web.archive.org/web/20200125093032/http://economics.mit.edu/files/10403. dead.
  56. Acemoglu . Daron . Robinson . James A. . Verdier . Thierry . Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World . October 2012 . 10.3386/w18441 . . Working Paper 18441 . free.
  57. News: Acemoglu. Daron. A Scandinavian U.S. Would Be a Problem for the Global Economy. The New York Times. October 20, 2015.
  58. Web site: Will everyone be worse off if the United States turns social democratic? . Lane Kenworthy . September 29, 2012 . October 17, 2020.
  59. Acemoglu . Daron . Johnson . Simon . Robinson . James A. . The Colonial Origins of Comparative Development: An Empirical Investigation . Working Paper Series . National Bureau of Economic Research . March 12, 2022 . en . June 2000 . 10.3386/w7771 . This quote is from a subsequent abstract, appearing before page 1, to their article but NOT in the abstract to their original article. . free . Working Paper 7771 .
  60. Acemoglu . Daron . Johnson . Simon . Robinson . James A. . Simon Johnson (economist) . James A. Robinson (economist) . The Colonial Origins of Comparative Development: An Empirical Investigation . . 2001 . 91 . 5 . 1369–1401 . 10.1257/aer.91.5.1369. 2677930 . 10.1.1.475.6366.
  61. Acemoglu, Daron, Simon Johnson, James A. Robinson, and Pierre Yared, "Income and Democracy." American Economic Review 98(3) 2008: 808–42.
  62. Non-Modernization: Power–Culture Trajectories and the Dynamics of Political Institutions . 10.1146/annurev-polisci-051120-103913 . 2022 . Acemoglu . Daron . Robinson . James . Annual Review of Political Science . 25 . 323–339 .
  63. News: Abrams. Paul. Romney-Ryan's Why Nations Fail Economy vs. Obama's Built to Last Economy. HuffPost. June 5, 2012.
  64. News: Acemoglu. Daron. Johnson. Simon. Simon Johnson (economist). It's Time to Found a New Republic. Foreign Policy. August 15, 2017.
  65. News: Shea. Christopher. Anti-bailout economists. The Boston Globe. September 24, 2008.
  66. Web site: Over 600 Economists Sign Letter In Support of $10.10 Minimum Wage. Economic Policy Institute. January 14, 2014. https://web.archive.org/web/20171009121909/http://www.epi.org/minimum-wage-statement/. October 9, 2017.
  67. News: Schiller. Ben. Economists Are Not Very Enthusiastic About The Idea Of A Universal Basic Income. Fast Company. February 17, 2017. dead. https://web.archive.org/web/20171107110102/https://www.fastcompany.com/3068196/economists-are-not-very-enthusiastic-about-the-idea-of-a-universal-basic-income. November 7, 2017.
  68. News: Acemoglu . Daron . Why Universal Basic Income Is a Bad Idea . . June 7, 2019.
  69. Web site: Why Universal Basic Income is a Bad Idea | by Daron Acemoglu . June 7, 2019 .
  70. News: Giridharadas. Anand. Anand Giridharadas. For Libya, a Light Hand May Be Best. The New York Times. August 26, 2011.
  71. Web site: Drug Use Policies. Initiative on Global Markets. December 12, 2011.
  72. Web site: A Letter of Support From the Academic Community: Yes on Amendment 64 . Colorado Campaign to Regulate Marijuana Like Alcohol . 2012 . February 28, 2013 . dead . https://web.archive.org/web/20130304010347/http://www.regulatemarijuana.org/academics . March 4, 2013 .
  73. News: Jiang. Jess. Economists On Candidates' Proposals: Mostly Bad. NPR. February 26, 2016.
  74. News: Is democratic socialism the right path for America?. CNN. October 28, 2015. (archived)
  75. Acemoglu. Daron. Robinson. James A.. The Rise and Decline of General Laws of Capitalism. Journal of Economic Perspectives. 2015. 29. 1. 3–28. bot: unknown. https://web.archive.org/web/20170213070624/http://economics.mit.edu/files/11348. February 13, 2017. 10.1257/jep.29.1.3. 10.1.1.687.2487. 1721.1/113636. 14001669.
  76. News: Sauga . Michael . Political Economist Daran Acemoglu: 'Trump Poses a Great Risk to U.S. Democracy' . . October 12, 2019.
  77. News: Freeland. Chrystia. Chrystia Freeland. Dignity and the Wealth of Nations. The New York Times. March 1, 2012.
  78. Web site: Acemoglu. Daron. Robinson. James A.. Will China Rule the World?. HuffPost. https://web.archive.org/web/20171106193656/https://www.huffingtonpost.com/daron-acemoglu/china-superpower_b_1369424.html. November 6, 2017. March 21, 2012.
  79. News: Laidler. John. Understanding Turkey. Harvard Gazette. Harvard University. April 28, 2015. https://web.archive.org/web/20170915211719/https://news.harvard.edu/gazette/story/2015/04/understanding-turkey/. September 15, 2017.
  80. Web site: Inside Turkey's Economy – Interview with Daron Acemoglu. https://ghostarchive.org/varchive/DnG7BVD-7n0?url=https://www.youtube.com/watch?v=DnG7BVD-7n0. September 24, 2021. GEDProject. Bertelsmann Stiftung. August 22, 2016. 11:40 "The overall, sort of, unwillingness to come to grips with this, sort of, multiethnicity has, of course, characterized much of the Republican period.".
  81. News: Freeland. Chrystia. Chrystia Freeland. The perils of authoritarian overreaction. The Globe and Mail. June 6, 2013.
  82. News: Acemoglu. Daron. Development Won't Ensure Democracy in Turkey. The New York Times. June 5, 2013.
  83. News: Acemoglu. Daron. The Failed Autocrat: Despite Erdogan's Ruthlessness, Turkey's Democracy Is Still on Track. Foreign Affairs. May 22, 2014. (archived)
  84. News: Erciyes . Cem . How will Turkey enter the 'Narrow Corridor'? . Gazete Duvar . December 30, 2019.
  85. News: Acemoglu's Advice to Armenia – Abolish the Oligarchy. civilnet.am. October 24, 2013. bot: unknown. https://web.archive.org/web/20170917032502/https://www.civilnet.am/news/2013/10/24/acemoglus-advice-to-armenia-abolish-the-oligarchy/189711. September 17, 2017.
  86. News: Balyan. Varduhi. Acemoğlu'ndan Ermenistan ve Diaspora yorumu. Agos. September 22, 2016. tr. dead. https://web.archive.org/web/20170916213726/http://www.agos.com.tr/tr/yazi/16565/acemoglu-ndan-ermenistan-ve-diaspora-yorumu. September 16, 2017.
  87. News: Daron Acemoglu: Armenia's Problems Within Its Own Political System. civilnet.am. April 10, 2017. bot: unknown. https://web.archive.org/web/20170917033459/https://www.civilnet.am/news/2017/04/10/Daron-Acemoglu-Armenia%E2%80%99s-Problems-Within-Its-Own-Political-System/312347. September 17, 2017.
  88. News: Acemoglu. Daron. Ukraine's legacy of serial oligopoly. The Globe and Mail. March 14, 2014.
  89. News: Kurtaran. Gokhan. EU needs political and economic integration: Acemoglu. Anadolu Agency. August 4, 2015.
  90. Web site: Greece. Initiative on Global Markets. February 24, 2015.
  91. News: Gürcanlı. Zeynep. İlk Ermeni kökenli Türk büyükelçi Paris'e. Hürriyet. March 30, 2011. https://web.archive.org/web/20170916091903/http://www.hurriyet.com.tr/ilk-ermeni-kokenli-turk-buyukelci-parise-17404398. September 16, 2017. tr.
  92. News: Düven. Alparslan. Paris'e Ermeni asıllı Büyükelçi atanacak iddiası. Doğan News Agency. March 30, 2011. https://web.archive.org/web/20170916092138/http://arsiv.dha.com.tr/parise-ermeni-asilli-buyukelci-atanacak-iddiasi_151795.html. September 16, 2017. tr.
  93. News: Moraitis. Stratos. Ethnic Armenian in Turkey rejects diplomatic post. Greek Reporter. March 30, 2011. https://web.archive.org/web/20170916120605/http://eu.greekreporter.com/2011/03/30/ethnic-armenian-in-turkey-rejects-diplomatic-post/. September 16, 2017.
  94. News: Armenian Declines Davutoglu Appointment. Asbarez. March 30, 2011.
  95. Web site: Kılıçdaroğlu . Kemal . Kemal Kılıçdaroğlu . ABD'deki vizyon programımız kapsamında, dünyaca ünlü ekonomist Daron Acemoğlu ile bir araya geldik . Twitter . https://archive.today/20221206183336/https://twitter.com/kilicdarogluk/status/1579775202170646529 . December 6, 2022 . tr . October 11, 2022.
  96. News: Kemal Kılıçdaroğlu, Daron Acemoğlu ile görüştü . . October 11, 2022 . https://web.archive.org/web/20221023123148/https://www.gazeteduvar.com.tr/kemal-kilicdaroglu-daron-acemoglu-ile-gorustu-haber-1584471 . October 23, 2022 . tr.
  97. News: Turkish main opposition leader unveils new vision to overcome economic crisis: Structural changes needed . duvarenglish.com . . December 3, 2022 . https://web.archive.org/web/20221204172457/https://www.duvarenglish.com/amp/turkish-main-opposition-leader-unveils-new-vision-to-overcome-economic-crisis-structural-changes-needed-news-61595 . December 4, 2022.
  98. News: Turkish pro-gov't columnist targets economist Acemoğlu, says 'I am his master' . . December 5, 2022 . https://web.archive.org/web/20221206082331/https://www.duvarenglish.com/turkish-pro-govt-columnist-targets-economist-acemoglu-says-i-am-his-master-news-61599 . December 6, 2022.
  99. News: CHP'nin yeni ekonomi danışmanlarından Daron Acemoğlu Ermenistan'ın ekonomik krizini çözememişti . . December 4, 2022 . https://web.archive.org/web/20221206014457/https://www.yenisafak.com/gundem/chpnin-yeni-ekonomi-danismanlarindan-daron-acemoglu-ermenistanin-ekonomik-krizini-cozememisti-3893699 . December 6, 2022 . tr.
  100. Web site: Հենց նոր հեռախոսազրույց ունեցա հայազգի աշխարհահռչակ տնտեսագետ Դարոն Աճեմօղլուի հետ. https://ghostarchive.org/iarchive/facebook/1378368079150250/2041502106170174 . February 26, 2022 . limited. Nikol Pashinyan on Facebook. hy. May 13, 2018.
  101. News: Economist Daron Acemoglu to Advise Armenian Government, Says PM Pashinyan. Hetq. May 13, 2018.
  102. News: Nikol Pashinyan holds videoconference with Daron Acemoglu . primeminister.am . Prime Minister of Armenia . June 11, 2018.
  103. Web site: We had an interesting discussion with Professor Daron #Acemoglu and entrepreneur Noubar #Afeyan in Boston. The socio-economic situation in Armenia, investments, new jobs, public administration #reform, women empowerment were among the topics discussed. . AvinyanTigran on Twitter . July 22, 2019 . https://web.archive.org/web/20220413022830/https://twitter.com/avinyantigran/status/1153306708091031553 . April 13, 2022.
  104. News: Arkun . Aram . Deputy Prime Minister Avinyan Speaks at Armenian Business Network Cambridge Event . . August 1, 2019.
  105. Web site: Top 10% Authors (Last 10 Years Publications), as of September 2015. ideas.repec.org. https://web.archive.org/web/20150905170505/https://ideas.repec.org/top/top.person.all10.html. September 5, 2015.
  106. Davis. William L.. Figgins. Bob. Hedengren. David. Klein. Daniel B.. Economics Professors' Favorite Economic Thinkers, Journals, and Blogs (along with Party and Policy Views). Econ Journal Watch. May 2011. 8. 2. 139. (archived)
  107. News: The FP Top 100 Global Thinkers. Foreign Policy. November 23, 2010. 92.
  108. News: Clark . Tom . Daron Acemoglu: the opportunity economist . . January 24, 2024 . https://web.archive.org/web/20240124072120/https://www.prospectmagazine.co.uk/ideas/economics/64535/daron-acemoglu-the-opportunity-economist . January 24, 2024.
  109. Web site: Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Barnes & Noble.
  110. News: Pilling. David. Crash and learn: should we change the way we teach economics?. https://ghostarchive.org/archive/20221211/https://www.ft.com/content/0dc9b416-8573-11e6-8897-2359a58ac7a5 . December 11, 2022 . subscription . live. Financial Times. September 30, 2016.
  111. Web site: John von Neumann Award . . 2007 Daron Acemoglu (MIT) . August 12, 2018 . https://web.archive.org/web/20141215020145/http://rajk.eu/en/dijaink/ . December 15, 2014 . dead .
  112. Web site: Tremmel. Pat Vaughan. Nemmers Prizes Announced. northwestern.edu. April 16, 2012 . https://web.archive.org/web/20210616083401/https://news.northwestern.edu/stories/2012/04/nemmers-prize/ . June 16, 2021.
  113. Web site: Daron Acemoglu earns the Frontiers of Knowledge award for proving the influence of institutions over economic development. bbva.com. February 21, 2017 . https://web.archive.org/web/20201018023158/https://www.bbva.com/en/daron-acemoglu-earns-frontiers-knowledge-award-proving-influence-institutions-economic-development/ . October 18, 2020.
  114. News: Dizikes. Peter. Daron Acemoglu wins BBVA Foundation Frontiers of Knowledge Award. news.mit.edu. MIT News Office. February 21, 2017 . https://web.archive.org/web/20210605230101/https://news.mit.edu/2017/daron-acemoglu-wins-bbva-foundation-frontiers-knowledge-award-0221 . June 5, 2021.
  115. Web site: Daron Acemoglu talk & prize . October 3, 2018 . Toulouse School of Economics.
  116. News: 2018 Jean-Jacques Laffont prize . jjlaffont.org . L'Association Jean-Jacques Laffont.
  117. News: The Narrow Corridor to Liberty: Daron Acemoglu . civilnet.am . February 16, 2019 . https://web.archive.org/web/20190711180520/https://www.civilnet.am/news/2019/02/16/The-Narrow-Corridor-to-Liberty-Daron-Acemoglu/354806 . July 11, 2019.
  118. Web site: Professor Daron Acemoglu FBA . thebritishacademy.ac.uk . British Academy . https://web.archive.org/web/20211123113336/https://www.thebritishacademy.ac.uk/fellows/professor-daron-acemoglu-fba/ . November 23, 2021.
  119. News: 2013 'Presidential Culture and Arts Grand Awards' conferred. Anadolu Agency. December 24, 2013.
  120. News: Bilkent Honorary Doctorate Conferred Upon Daron Acemoğlu. bilkent.edu.tr. September 7, 2015. September 16, 2017. September 19, 2018. https://web.archive.org/web/20180919211247/http://bilnews.bilkent.edu.tr/bilkent-honorary-doctorate-conferred-upon-daron-acemoglu/. dead.
  121. News: Professor Daron Acemoglu – Honorary Degree, Public Lecture and Workshop. bath.ac.uk. March 21, 2017.
  122. Web site: University of Glasgow Honorary Degrees 2024 . May 15, 2024 . www.gla.ac.uk . en.
  123. Web site: Daron Acemoglu . carnegie.org . . https://web.archive.org/web/20190320200618/https://www.carnegie.org/awards/honoree/daron-acemoglu/ . March 20, 2019.
  124. Web site: October 6, 2015 . Predictions for the 2015 Nobel Prize . https://archive.today/20210820223949/https://www.hse.ru/en/news/161982811.html . August 20, 2021 . . (1) Daron Acemoglu (MIT) and James Robinson (University of Chicago) for their research on the role of institutions in economic development..
  125. News: Kihara . David . NYU accidentally announces one of its professors wins Nobel Prize . . October 6, 2016 . https://web.archive.org/web/20210720010636/https://www.politico.com/story/2016/10/paul-romer-nobel-new-york-university-229233 . July 20, 2021 . Some other economists who have been touted as possible Nobel winners include William Baumol, William Nordhaus, Esther Duflo and Daron Acemoglu..
  126. News: Paul Romer and William Nordhaus – why they won the 2018 'economics Nobel' . . October 8, 2018 . https://web.archive.org/web/20210820235932/https://theconversation.com/paul-romer-and-william-nordhaus-why-they-won-the-2018-economics-nobel-104588 . August 20, 2021 . Other economists followed this line of thinking (Robert Barro, Daron Acemoglu, Philippe Aghion – all prize candidates for a few years now)....
  127. News: Smith . Noah . Five Economists Whose Work Is Worthy of a Nobel . . October 11, 2019 . https://web.archive.org/web/20210820225112/https://www.bloombergquint.com/gadfly/five-economists-whose-work-is-worthy-of-a-nobel-prize . August 20, 2021 . No. 5. Daron Acemoglu.
  128. Web site: Clarivate Reveals Citation Laureates 2022 – Annual List of Researchers of Nobel Class . . https://web.archive.org/web/20221003114104/https://clarivate.com/news/clarivate-reveals-citation-laureates-2022-annual-list-of-researchers-of-nobel-class/ . October 3, 2022 . London . September 21, 2022 . Economics: Daron Acemoglu [...] For far-reaching analysis of the role of political and economic institutions in shaping national development.
  129. Web site: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 . October 14, 2024 . NobelPrize.org . en-US.
  130. Web site: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 .
  131. Web site: Afeyan . Noubar . Noubar Afeyan . A moment of great pride as my friend and MIT colleague, Daron Acemoglu . https://archive.today/20241014105447/https://x.com/NoubarAfeyan/status/1845772207399551353 . 14 October 2024 . 14 October 2024 . He joins Ardem Patapoutian of Scrips (Nobel in Physiology/Medicine) as a second recent awardee of Armenian descent.
  132. News: Buyuk . Hamdi Firat . Turkish-American Acemoglu Shares Nobel Prize for Economics . . October 14, 2024 .

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