Daron Acemoğlu is a Turkish economist who won the 2024 Nobel Prize in Economics. Born in 1967, Acemoğlu serves as a professor of economics at the Massachusetts Institute of Technology (MIT).
He is known for his work in economic growth, political economy, and institutional economics. His book "Why Nations Fail" examines the role of economic institutions and policies in the development of nations and has garnered significant attention.
Acemoğlu’s research provides important analyses on economic development and inequality, offering insights that have influenced many policymakers. This award serves as recognition of his contributions and impact on the field of economics.
Jakob Svensson, the chair of the Nobel Prize committee for economics, stated, "Closing the income gap between countries is one of today's greatest challenges. Thanks to the pioneering research of Daron Acemoğlu, Simon Johnson, and James A. Robinson, we can better understand why some countries succeed while others do not."
In the announcement from the Nobel committee, it was noted, "Societies with weak rule of law and institutions that exploit their populations do not foster growth or positive change. The research of the laureates helps us understand why this is the case."
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