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Daron Acemoglu

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Daron Acemoğlu
Born (1967-09-03) September 3, 1967 (age 57)
Istanbul, Turkey
NationalityTurkey and United States[11]
SpouseAsu Özdağlar[12]
Academic career
FieldEconomic growth, Development Economics, Political economy
InstitutionMassachusetts Institute of Technology
London School of Economics
School or
tradition		New institutional economics
Alma materLondon School of Economics
University of York
Doctoral
students		Robert Shimer[1]
Fernando Broner[2]
Adam Ashcraft[3]
Manuel Amador[4]
Pol Antràs[5]
David Lyle[6]
Cynthia Perry[7]
Michael D. Steinberger[8]
Gabriel Carroll[9]
Michael Peters[10]
AwardsJohn Bates Clark Medal (2005)
John von Neumann Award (2007)
Erwin Plein Nemmers Prize in Economics (2012)
Information at IDEAS / RePEc

Kamer Daron Acemoğlu (Turkish pronunciation: [ˈadʒemoːɫu]; born September 3, 1967) is a Turkish-born American economist of Armenian origin.[13][14][15]

The Elizabeth and James Killian Professor of Economics at the Massachusetts Institute of Technology (MIT), he is among the ten most cited economists[16] in the world according to IDEAS/RePEc. His most cited article is "Colonial origins of comparative development" (2001). For "originality, thoroughness, and prolificacy" in economic research, Acemoğlu was awarded the 2005 John Bates Clark Medal.[17]

His principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics. His most recent works concentrate on the role of institutions in economic development and political economy.

Life and career

Acemoğlu was born in Istanbul, Turkey to an Armenian family.[18][19] His father, Kevork (d. 1988), was a lawyer and lecturer at the University of Istanbul. His mother Irma (d. 1991) was a principal and teacher at an Armenian middle school in Istanbul.[20]

Acemoğlu graduated in 1986 from the Galatasaray High School in Istanbul, going on to earn a BA degree from the University of York (UK), and an MSc degree in Econometrics and Mathematical Economics and then a PhD degree in 1992 from the London School of Economics.

He was a lecturer in economics at the LSE from 1992–1993, before becoming a member of the MIT faculty in 1993. He was promoted to full professor in 2000, and was named the Charles P. Kindleberger Professor of Applied Economics in 2004. He is a member of the Economic Growth program of the Canadian Institute of Advanced Research. He is also affiliated with the National Bureau of Economic Research, Center for Economic Performance, International Growth Centre, and Centre for Economic Policy Research. Acemoğlu is the co-editor of Econometrica, Review of Economics and Statistics, and associate editor of the Journal of Economic Growth, and an editorial committee board member of the Annual Review of Economics. He was elected a Fellow of the American Academy of Arts and Sciences in 2006.[21]

As of 2016, the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology, he is among the 10 most cited economists[16] in the world according to IDEAS/RePEc. Winner of the 2005 John Bates Clark Medal.[17] His most cited article is "Colonial origins of comparative development" (2001). His principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics. His most recent works concentrate on the role of institutions in economic development and political economy.

In 2009, Acemoğlu was a keynote speaker at the 13th Annual Conference of The International Society for New Institutional Economics (now known as the Society for Institutional & Organizational Economics).[22]

Views

Acemoğlu was one of the academics who signed a letter in support of legalizing marijuana in Colorado state's successful 2013 ballot referendum Amendment 64.[23]

He wrote an op-ed for The Globe and Mail on the 2014 Ukrainian revolution, favoring inclusive society rather than one based on extractive institutions, "where an elite controls the economic and political system and uses its power to extract wealth from the society at everyone else’s expense", a term defined in his recent book.[24]

In a Hürriyet interview on March 30, 2014, with reference to a recent offer of an ambassadorial posting from Turkish Government, he stated: "I do not intend to be part of bureaucracy or enter politics".[25]

Quote

Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.

— Daron Acemoğlu, Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Personal life

Acemoğlu is married to Asu Özdağlar, a Turkish professor of Electrical Engineering and Computer Science at MIT[12] and daughter of a Turkish politician, İsmail Özdağlar, a former government minister.

Acemoğlu has become a celebrity[citation needed] based on his Acemoğlu Facts tumblr feed.[26] The meme is a spin-off of Chuck Norris Facts with an economics flavour, documenting Acemoğlu's fictitious and often preposterous feats in the study of economics.

Awards

James Malcomson, one of his doctoral examiners at the LSE, said

[Acemoğlu's] thesis consisted of seven substantive chapters, each of which formed a paper in its own right. Each of these chapters was itself of very high quality. Indeed, I would consider even the weakest three of them to have been more than sufficient for the award of a PhD.

— James Malcomson, one of his thesis examiners.[27]

Selected publications

References

  1. ^ Shimer, Robert (1996). Essays in search theory (Ph.D.). MIT. Retrieved 17 October 2016.
  2. ^ Broner, Fernando A. (2000). Essays on balance of payments crises (Ph.D.). MIT. Retrieved 17 October 2016.
  3. ^ Ashcraft, Adam Blair (2001). Essays in banking and monetary policy (Ph.D.). MIT. Retrieved 17 October 2016.
  4. ^ Amador, Manuel (2003). Essays in macroeconomics and political economy (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  5. ^ Antràs, Pol (2003). Firms, Contracts, and Trade Structure (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  6. ^ Lyle, David S. (2003). Essays using military-induced variation to study social interactions, human capital development, and labor markets (Ph.D.). MIT. Retrieved 17 October 2016.
  7. ^ Perry, Cynthia (2004). Economic well-being and the family (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  8. ^ Steinberger, Michael Douglas (2005). Wage inequality and the role of pre-market skills (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  9. ^ Carroll, Gabriel D. (2012). Approaches to mechanism design with boundedly rational agents (Ph.D.). MIT. Retrieved 17 October 2016.
  10. ^ Peters, Michael (2012). Essays on the macroeconomics of economic development (Ph.D.). MIT. Retrieved 17 October 2016.
  11. ^ "Daron Acemoğlu's homepage". MIT Department of Economics. Retrieved July 4, 2014.
  12. ^ a b Hardesty, Larry (June 18, 2013). "Game Theory Is No Longer Just for Economists". MIT Technology Review. Retrieved July 4, 2014.
  13. ^ Sorman, Guy (2013). Economics Does Not Lie [L’Économie ne ment pas]. Encounter Books. p. 31. Daron Acemoğlu, an Armenian from Turkey
  14. ^ "Why Nations Fail". International School of Economics at Tbilisi State University. 10 February 2014. Acemoglu, a Turkish-born Armenian
  15. ^ Freeland, Chrystia (6 June 2013). "Drawbacks to Ruling With a Heavy Hand". The New York Times. Daron Acemoglu, a Turkish-born professor of economics
  16. ^ a b zimmermann@stlouisfed.org. "Economist Rankings at IDEAS".
  17. ^ a b "The Man Who Succeeded Gerschenkron". EconomicPrincipals.com. April 24, 2005. Retrieved July 4, 2014.
  18. ^ Kömürcüler, Güneş (24 June 2013). "'Turkish economy at high risk, but not due to Gezi protests,' MIT economist says". Hürriyet Daily News. ...Acemoğlu, a Turkish-American economist of Armenian descent...
  19. ^ "Armenian Declines Davutoglu Appointment". Asbarez. 30 March 2011.
  20. ^ Gavin, Robert (June 15, 2005). "MIT professor named top economist under 40". Boston Globe. Retrieved July 4, 2014.
  21. ^ "Book of Members, 1780–2010: Chapter A" (PDF). American Academy of Arts and Sciences. Retrieved April 1, 2011.
  22. ^ "13th Annual Conference of The International Society for New Institutional Economics". sioe.org. Retrieved 3 February 2016.
  23. ^ "A Letter of Support From the Academic Community: Yes on Amendment 64". Colorado Campaign to Regulate Marijuana Like Alcohol. 2012. Retrieved February 28, 2013.
  24. ^ Acemoglu, Daron (March 14, 2014). "Ukraine's legacy of serial oligopoly". Globe and Mail. Retrieved July 4, 2014.
  25. ^ Hürriyet, March 30, 2014, interview with Cansu Çamlıbel, p. 16.
  26. ^ "Daron Acemoglu Facts". Tumblr. Retrieved July 4, 2014.
  27. ^ Shimer, Robert (Winter 2007). "Daron Acemoğlu: 2005 John Bates Clark Medalist". Journal of Economic Perspectives. 21 (1): 191–207. doi:10.1257/jep.21.1.191. Retrieved July 4, 2014.
  28. ^ "American Academy of Arts & Sciences".
  29. ^ "Daron Acemoglu". Canadian Institute For Advanced Research. Retrieved 13 November 2014.
  30. ^ Tremmel, Pat Vaughan (April 16, 2012). "Nemmers Prizes Announced". Northwestern University News. Retrieved July 4, 2014.
  31. ^ Hill, Andrew (September 13, 2012). "Biographies and economics dominate". Financial Times. Retrieved July 4, 2014.
  32. ^ "Bilim Akademisi – Bilim Akademisi üyesi Daron Acemoğlu'na Cumhurbaşkanlığı Ödülü" (in Turkish). Bilim Akademisi. December 24, 2013. Retrieved July 4, 2014.
  33. ^ "Sosyal Bilimler Büyük Ödülü`nün sahibi Prof. Dr. Daron Acemoğlu - Cumhurbaşkanlığı Kültür ve Sanat Büyük Ödülü 2013 - TRT Haber Foto Galeri".

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