September 3, 1967 |
|Nationality||Turkey and United States|
|Institution||Massachusetts Institute of Technology
London School of Economics
|Field||Economic growth, Development Economics, Political economy|
|New institutional economics|
|Alma mater||London School of Economics
University of York
|Awards||John Bates Clark Medal (2005)
John von Neumann Award (2007)
Erwin Plein Nemmers Prize in Economics (2012)
|Information at IDEAS / RePEc|
Life and career
Acemoğlu was born in Istanbul, Turkey to an Armenian family. His father, Kevork, who died in 1988, was a lawyer and lecturer at the University of Istanbul. His mother Irma (died in 1991) was a principal and teacher at an Armenian middle school in Istanbul.
Acemoğlu graduated in 1986 from the Galatasaray High School in Istanbul, going on to gain his B.A. degree from the University of York, UK and his M.Sc. degree in Econometrics and Mathematical Economics and then his Ph.D. 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 M.I.T. 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.
Currently the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology in Cambridge, Massachusetts he is among the 10 most cited economists in the world according to IDEAS/RePEc. Winner of the 2005 John Bates Clark Medal. 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).
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.
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".
|“||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|
Acemoğlu has become a celebrity based on his Acemoğlu Facts tumblr feed. 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.
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.|
- The University of York, Faculty of Economics, Head of Department Prize, 1988
- Award for best paper published in the Economic Journal in 1996
- T. W. Schultz prize at the University of Chicago in 2004
- Sherwin Rosen award for outstanding contribution to labor economics in 2004
- John Bates Clark Medal in 2005
- Elected Fellow to American Academy of Arts and Sciences in 2006.
- Academy Awards in the Social Sciences – 2006, Turkish Academy of Science (Acemoğlu received the Science Award for his theoretical and empirical contributions on "the role of institutions in the process of economic development, based on the example of long-term effects left by institutions founded by European colonial administrations".)
- Turkish-American Scientists and Scholars Association's Turkish Academy of Sciences Award (2006).
- John von Neumann Award in 2007, given by the Rajk László College for Advanced Studies
- Erwin Plein Nemmers Prize in Economics in 2012, "for fundamental contributions to the understanding of political institutions, technical change and economic growth.”
- Financial Times and Goldman Sachs Business Book of the Year Award 2012, shortlist, Why Nations Fail: The Origins of Power, Prosperity, and Poverty
- Presidential Culture and Arts Grand Awards from the Turkish President 2013.
- Recent Developments in Growth Theory, Edward Elgar Publishing, 2004. ISBN 978-1-84376-259-1
- Economic Origins of Dictatorship and Democracy (joint with James A. Robinson) Cambridge University Press, 2005.
- Introduction to Modern Economic Growth Princeton University Press, 2008.
- Why Nations Fail: The Origins of Power, Prosperity, and Poverty (joint with James A. Robinson), Crown Publishers, 2012.
- "Daron Acemoğlu's homepage". MIT Department of Economics. Retrieved July 4, 2014.
- Hardesty, Larry (June 18, 2013). "Game Theory Is No Longer Just for Economists". MIT Technology Review. Retrieved July 4, 2014.
- Sorman, Guy (2013). Economics Does Not Lie [L’Économie ne ment pas]. Encounter Books. p. 31.
Daron Acemoğlu, an Armenian from Turkey
- "Why Nations Fail". International School of Economics at Tbilisi State University. 10 February 2014.
Acemoglu, a Turkish-born Armenian
- Freeland, Chrystia (6 June 2013). "Drawbacks to Ruling With a Heavy Hand". The New York Times.
Daron Acemoglu, a Turkish-born professor of economics
- 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...
- "Armenian Declines Davutoglu Appointment". Asbarez. 30 March 2011.
- Gavin, Robert (June 15, 2005). "MIT professor named top economist under 40". Boston Globe. Retrieved July 4, 2014.
- "Book of Members, 1780–2010: Chapter A" (PDF). American Academy of Arts and Sciences. Retrieved April 1, 2011.
- "The Man Who Succeeded Gerschenkron". EconomicPrincipals.com. April 24, 2005. Retrieved July 4, 2014.
- "13th Annual Conference of The International Society for New Institutional Economics". sioe.org. Retrieved 3 February 2016.
- "A Letter of Support From the Academic Community: Yes on Amendment 64". Colorado Campaign to Regulate Marijuana Like Alcohol. 2012. Retrieved February 28, 2013.
- Acemoglu, Daron (March 14, 2014). "Ukraine’s legacy of serial oligopoly". Globe and Mail. Retrieved July 4, 2014.
- Hürriyet, March 30, 2014, interview with Cansu Çamlıbel, p. 16.
- "Daron Acemoglu Facts". Tumblr. Retrieved July 4, 2014.
- 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.
- http://www.amacad.org/news/classsec2006.aspx Academy announcement
- "Daron Acemoglu". Canadian Institute For Advanced Research. Retrieved 13 November 2014.
- Tremmel, Pat Vaughan (April 16, 2012). "Nemmers Prizes Announced". Northwestern University News. Retrieved July 4, 2014.
- Hill, Andrew (September 13, 2012). "Biographies and economics dominate". Financial Times. Retrieved July 4, 2014.
- "Bilim Akademisi – Bilim Akademisi üyesi Daron Acemoğlu’na Cumhurbaşkanlığı Ödülü" (in Turkish). Bilim Akademisi. December 24, 2013. Retrieved July 4, 2014.