Nobel Prize in Economics to Prof. K. Daron Acemoğlu
The 2024 Nobel Prize in Economic Sciences The Sveriges Riksbank Prize was awarded to Prof. K. Daron Acemoğlu.
Prof. Daron Acemoğlu, together with Prof. Simon Johnson and Prof. James A. Robinson, received the prize “for studies of how institutions are formed and affect prosperity”.
The work of Acemoglu, Johnson and Robinson contributes to innovative research on what affects the economic well-being of countries in the long run. Their empirical research reveals the fundamental importance of the type of political and economic institutions put in place during colonization. Their theoretical research contributes to an understanding of why it is so difficult to reform colonial institutions, and points to some of the conditions under which it can happen. The work of the laureates is having a decisive impact on ongoing research in both economics and political science. Their insights on how institutions affect welfare show that working to promote democracy and inclusive institutions is an important way to foster economic development.
Prof. Acemoğlu was awarded for his work in the field of economics within the scope of TÜBA 2006 Science Service and Incentive Awards in Social Sciences. In 2013, he received the Presidential Culture and Art Grand Award.
Click for Prof. Daron Acemoğlu's detailed biography.