Daron Acemoglu
Facts
Ill. Niklas Elmehed © Nobel Prize Outreach
Daron Acemoglu
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024
Born: 3 September 1967, Istanbul, Turkey
Affiliation at the time of the award: Massachusetts Institute of Technology (MIT), Cambridge, MA, USA
Prize motivation: “for studies of how institutions are formed and affect prosperity”
Prize share: 1/3
Work
There are vast differences in prosperity between nations. One important explanation for this is persistent differences in societal institutions. By examining the various political and economic systems introduced by European colonisers, Daron Acemoglu, Simon Johnson and James A. Robinson have been able to demonstrate a relationship between institutions and prosperity. They have also developed theoretical tools that can explain why differences in institutions persist and how institutions can change.
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