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Wikipedia

Daron Acemoglu

February 15, 2024

Kamer Daron Acemoğlu (Turkish: [daˈɾon aˈdʒemoːɫu]; born September 3, 1967) is a Turkish-born American economist who has taught at the Massachusetts Institute of Technology since 1993, where he is currently the Elizabeth and James Killian Professor of Economics.[1] He received the John Bates Clark Medal in 2005, and was named an Institute Professor at MIT in 2019.[1]

Daron Acemoglu
Acemoglu in 2016
Born
Kamer Daron Acemoğlu

(1967-09-03) September 3, 1967 (age 56)
Istanbul, Turkey
CitizenshipTurkey and United States
EducationUniversity of York (BA)
London School of Economics (PhD)
SpouseAsu Ozdaglar
Academic career
InstitutionLondon School of Economics
National Bureau of Economic Research
Massachusetts Institute of Technology
FieldPolitical economy
Economic growth
Development economics
Labour economics
School or
tradition		New institutional economics
Doctoral
advisor		Kevin W. S. Roberts
Doctoral
students		Robert Shimer • Mark Aguiar • Pol Antràs • Gabriel Carroll • Melissa Dell • Benjamin Jones • Ufuk Akcigit
InfluencesJoel Mokyr • Kenneth Sokoloff • Douglass North • Seymour Martin Lipset • Barrington Moore
Awards

Born to Armenian parents in Istanbul, Acemoglu received a BA from the University of York in 1989, and a PhD from the London School of Economics (LSE) in 1992. He lectured at LSE for a year before joining the Department of Economics at the Massachusetts Institute of Technology. He was awarded the John Bates Clark Medal in 2005. Acemoglu is best known for his work on political economy. He has authored hundreds of papers, many of them with his long-time collaborators Simon Johnson and James A. Robinson. With Robinson, he co-authored the books Economic Origins of Dictatorship and Democracy (2006) and Why Nations Fail (2012). The latter, an influential book on the role that institutions play in shaping nations' economic outcomes, receive wide scholarly and media attention. Described as a centrist, he believes in a regulated market economy. He regularly comments on political issues, economic inequality, and a variety of specific policies.

Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60" in a 2011 survey among American economists. In 2015, he was named the most cited economist of the past 10 years per Research Papers in Economics (RePEc) data. According to the Open Syllabus Project, Acemoglu is the third most frequently cited author on college syllabi for economics courses after Mankiw and Krugman.[2]

Life edit

Kamer Daron Acemoğlu[3][4][a] was born in Istanbul to Armenian parents on September 3, 1967.[7][8][9] His father, Kevork Acemoglu (1938−1988), was a commercial lawyer and lecturer at Istanbul University. His mother, Irma Acemoglu (d. 1991), was the principal of Aramyan Uncuyan, an Armenian elementary school in Kadıköy,[10][11][12] which Daron attended, before graduating from Galatasaray High School in 1986.[13][14][15] He became interested in politics and economics as a teenager.[12] He was educated at the University of York, where he received a BA in economics in 1989, and at the London School of Economics (LSE), where he received an MSc in econometrics and mathematical economics in 1990, and a PhD in economics in 1992.[16] His doctoral thesis was titled Essays in Microfoundations of Macroeconomics: Contracts and Economic Performance.[7][4] His doctoral advisor was Kevin W. S. Roberts.[17] James Malcomson, one of his doctoral examiners at the LSE, said that even the weakest three of the seven chapters of his thesis were "more than sufficient for the award of a PhD."[18] Arnold Kling called him a wunderkind due to the age at which he received his PhD (25).[19]

Acemoglu is a naturalized citizen of the US.[20] He is fluent in English and Turkish,[21] and speaks some Armenian.[22] He is married to Asuman "Asu" Ozdağlar, a professor of electrical engineering and computer science at MIT,[12][23] who is the daughter of İsmail Özdağlar, a former Turkish government minister. Together, they have authored several articles.[24][25] As of 2015, they live in Newton, Massachusetts with their two sons, Arda and Aras.[26]

Academic career edit

 
Acemoglu in 2009
 
Acemoglu in his office, January 2020

Acemoglu was a lecturer in economics at the LSE from 1992 to 1993.[1] He was appointed an assistant professor at MIT in 1993, where he became the Pentti Kouri Associate Professor of Economics in 1997, and was tenured in 1998.[1][27] He became a full professor at MIT in 2000, and served as the Charles P. Kindleberger Professor of Applied Economics there from 2004 to 2010.[1][28] In 2010, Acemoglu was appointed the Elizabeth and James Killian Professor of Economics at MIT.[7] In July 2019, he was named an Institute Professor, the highest faculty honour at MIT.[29]

As of 2019, he has mentored over 60 PhD students.[29] Among his doctoral students are Robert Shimer, Mark Aguiar, Pol Antràs, and Gabriel Carroll.[17] In 2014, he made $841,380, making him one of the top earners at MIT.[30]

Acemoglu is a research associate at the NBER, and was elected a Fellow of the Econometric Society in 2005.[16][1][31] He was elected to the American Academy of Arts and Sciences in 2006, and to the National Academy of Sciences in 2014.[32][33] He is also a Senior Fellow at the Canadian Institute for Advanced Research, and a member of several other learned societies.[16][34][35] He edited Econometrica, an academic journal published by the Econometric Society, from 2011 to 2015.[36]

Acemoglu has authored hundreds of academic papers.[37] He noted that most of his research has been "motivated by trying to understand the sources of poverty."[20] His research includes a wide range of topics, including political economy, human capital theory, growth theory, economic development, innovation, labor economics,[16][38] income and wage inequality, and network economics, among others.[39] He noted in 2011 that most his research of the past 15 years concerned with what can be broadly called political economy.[40] He has made contribution to the labor economics field.[20]

Acemoglu has extensively collaborated with James A. Robinson, a British political scientist, since 1993.[27] Acemoglu has described it as a "very productive relationship." They have worked together on a number of articles and several books, most of which on the subject of growth and economic development.[20] The two have also extensively collaborated with economist Simon Johnson.[41]

Research and publications edit

Acemoglu is considered a follower of new institutional economics.[42][43][44] His influences include Joel Mokyr, Kenneth Sokoloff,[45] Douglass North,[46] Seymour Martin Lipset,[47] and Barrington Moore.[47]

Books edit

Economic Origins of Dictatorship and Democracy edit

Published by Cambridge University Press in 2006, Economic Origins of Dictatorship and Democracy by Acemoglu and Robinson analyzes the creation and consolidation of democratic societies. They argue that "democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization."[48]

Romain Wacziarg praised the book and argued that its substantive contribution is the theoretical fusion of the Marxist dialectical materialism ("institutional change results from distributional struggles between two distinct social groups, a rich ruling class and a poor majority, each of whose interests are shaped primarily by economic forces") and the ideas of Barry Weingast and Douglass North, who argued that "institutional reform can be a way for the elite to credibly commit to future policies by delegating their enactment to interests that will not wish to reverse them."[49] William Easterly called it "one of the most important contributions to the literature on the economics of democracy in a long time." Edward Glaeser described it as "enormously significant" work and a "great contribution to the field."[50]

Why Nations Fail edit

 
Why Nations Fail was included in the Shortlist of the 2012 Financial Times Business Book of the Year Award.

In their 2012 book, Why Nations Fail, Acemoglu and Robinson argue that economic growth at the forefront of technology requires political stability, which the Mayan civilization (to name only one) did not have,[51] and creative destruction. The latter cannot occur without institutional restraints on the granting of monopoly and oligopoly rights. They say that the industrial revolution began in Great Britain, because the English Bill of Rights 1689 created such restraints.

Acemoglu and Robinson insist that "development differences across countries are exclusively due to differences in political and economic institutions, and reject other theories that attribute some of the differences to culture, weather, geography or lack of knowledge about the best policies and practices."[52] For example, "Soviet Russia generated rapid growth as it caught up rapidly with some of the advanced technologies in the world [but] was running out of steam by the 1970s" because of a lack of creative destruction.[53]

The book was written for the general audience.[52] It was widely discussed by political analysts and commentators.[54][55][56][57] Warren Bass wrote of it in The Washington Post: "bracing, garrulous, wildly ambitious and ultimately hopeful. It may, in fact, be a bit of a masterpiece."[58]

Clive Crook wrote in Bloomberg News that the book deserves most of the "lavish praise" it received.[59] In his review in Foreign Affairs Jeffrey Sachs criticized Acemoglu and Robinson for systematically ignoring factors such as domestic politics, geopolitics, technological discoveries, and natural resources. He also argued that the book's appeal was based on readers' desire to hear that "Western democracy pays off not only politically but also economically."[60] Bill Gates called the book a "major disappointment" and characterized the authors' analysis as "vague and simplistic."[61] Ryan Avent, an editor at The Economist, responded that "Acemoglu and Robinson might not be entirely right about why nations succeed or fail. But at least they're engaged with the right problem."[62]

The Narrow Corridor edit

In The Narrow Corridor. States, Societies, and the Fate of Liberty (2019), Acemoglu and Robinson argue that a free society is attained when the power of the state and of society evolved in rough balance. [63]

Power and Progress edit

Published in 2023, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity is a book by Acemoglu and Simon Johnson on the historical development of technology and the social and political consequences of technology.[64] The book addresses three questions, on the relationship between new machines and production techniques and wages, on the way in which technology could be harnessed for social goods, and on the reason for the enthusiasm around artificial intelligence.

Power and Progress argues that technologies do not automatically yield social goods, their benefits going to a narrow elite. It offers a rather critical view of artificial intelligence (AI), stressing its largely negative impact on jobs and wages and on democracy.

Acemoglu and Johnson also provide a vision about how new technologies could be harnesses for social good. They see the Progressive Era as offering a model. They also discuss a list of policy proposals for the redirection of technology that includes: (1) market incentives, (2) the break up of big tech, (3) tax reform, (4) investing in workers, (5) privacy protection and data ownership, and (6) a digital advertising tax.[65]

Papers edit

Social programs and policies

In a 2001 article, Acemoglu argued that the minimum wage and unemployment benefits "shift the composition of employment toward high-wage jobs. Because the composition of jobs in the laissez-faire equilibrium is inefficiently biased toward low-wage jobs, these labor market regulations increase average labor productivity and may improve welfare."[66] Furthermore, he has argued that "minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees."[67]

Democracy and economy

Acemoglu et al. found that "democracy has a significant and robust positive effect on GDP" and suggest that "democratizations increase GDP per capita by about 20% in the long run."[68] In another paper, Acemoglu et al. found that "there is a significant and robust effect of democracy on tax revenues as a fraction of GDP, but no robust impact on inequality."[69]

Social democracy and unions

Acemoglu and Philippe Aghion argued in 2001 that although deunionization in the US and UK since the 1980s is not the "underlying cause of the increase in inequality", it "amplifies the direct effect of skill-biased technical change by removing the wage compression imposed by unions."[70]

According to Acemoglu and Robinson, unions historically had a significant role in creating democracy, especially in western Europe, and in maintaining a balance of political power between established business interests and political elites.[71]

Nordic model

In a 2012 paper titled "Can't We All Be More Like Scandinavians?", co-written with Robinson and Verdier, he suggests that "it may be precisely the more 'cutthroat' American society that makes possible the more 'cuddly' Scandinavian societies based on a comprehensive social safety net, the welfare state and more limited inequality." They concluded that "all countries may want to be like the 'Scandinavians' with a more extensive safety net and a more egalitarian structure," however, if the United States shifted from being a "cutthroat [capitalism] leader", the economic growth of the entire world would be reduced.[72] He argued against the US adopting the Nordic model in a 2015 op-ed for The New York Times. He again argued: "If the US increased taxation to Denmark levels, it would reduce rewards for entrepreneurship, with negative consequences for growth and prosperity." He praised the Scandinavian experience in poverty reduction, creation of a level playing field for its citizens, and higher social mobility.[73] This was critiqued by Lane Kenworthy, who argues that, empirically, the US's economic growth preceded the divergence in cutthroat and cuddly policies, and there is no relationship between inequality and innovation for developed countries.[74]

Colonialism

"The Colonial Origins of Comparative Development", co-written by Acemoglu, Robinson, and Simon Johnson in 2001, is by far his most cited work.[37] Graham Mallard described it as an "excellent example of his work: an influential paper that has led to much debate."[28] They argue that Europeans set up extractive institutions in colonies where they did not settle, unlike in places where they did settle and that these institutions have persisted. They estimated that "differences in institutions explain approximately three-quarters of the income per capita differences across former colonies."[75][76] Historical experience dominated by extractive institutions in these countries has created a vicious circle, which was exacerbated by the European colonization.[77]

A critique of modernization theory edit

Daron Acemoglu and James A. Robinson, in their article "Income and Democracy" (2008) show that even though there is a strong cross-country correlation between income and democracy, once one controls for country fixed effects and removes the association between income per capita and various measures of democracy, there is "no causal effect of income on democracy."[78] In "Non-Modernization" (2022), they further argue that modernization theory cannot account for various paths of political development "because it posits a link between economics and politics that is not conditional on institutions and culture and that presumes a definite endpoint—for example, an 'end of history'."[79]

Views edit

Journalists and economists have described Acemoglu as a centrist.[b] Why Nations Fail was well received by both liberal and conservative economists.[83] Acemoglu's and Robinson's long-time collaborator Simon Johnson suggests that their "point is not just about how things may become awful when the government goes off track (a right-leaning point). They are also more deeply concerned about how powerful people fight to grab control of the state and otherwise compete to exert influence over the rest of society (a left-leaning perspective)."[41]

Acemoglu has praised the successes of the Progressive Era, and argued in favor of its replication.[84] Acemoglu argues that the market economy is the only system that creates prosperity. He believes in finding an appropriate balance between "incentivizing creativity, hard work and risk-taking and creating the essential public services, social safety nets and equality of opportunity."[85] For Acemoglu, markets work only with regulations and predictable laws and that all markets are regulated to some extent; it is only a matter of degree.[27] He suggests that free markets are not unregulated markets.[86]

Wall Street

In September 2008, Acemoglu signed a petition condemning the Bush administration's bailout plan of the U.S. financial system.[87] As the main cause of the financial crisis of 2007–2008, he stated that policy makers were "lured by ideological notions derived from Ayn Rand’s novels rather than economic theory" and opined: "In hindsight, we should not be surprised that unregulated profit-seeking individuals have taken risks from which they benefit and others lose."[86] In an early analysis of the Great Recession, Acemoglu wrote: "When channeled into profit-maximizing, competitive, and innovative behavior under the auspices of sound laws and regulations, greed can act as the engine of innovation and economic growth. But when unchecked by the appropriate institutions and regulations, it will degenerate into rent-seeking, corruption, and crime."[27] He argues that the heavy overrepresentation from the financial sector in the top 1% "has been an outcome of the political processes that have removed all of the regulations in finance, and so created the platform for 40 percent of U.S. corporate profits to be in the financial sector."[40] He argues that a platform, particularly in Wall Street, has been created "where the ambition and greed of people, often men, has been channeled in a very anti-social, selfish and socially destructive direction."[88]

Inequality

Acemoglu has voiced concerns regarding the increasing inequality in the US, which in his view turns into political inequality, in turn undermining the inclusiveness of US institutions.[55] In 2012 he identified societal polarization, caused by economic inequality, as the biggest problem for the US.[89] He argues that "democracy ceases to function because some people have so much money they command greater power."[82] He states that he is comfortable with economic inequality which comes through different social contributions as it is a "price that we pay for providing incentives for people to contribute to prosperity." However, high levels of inequality create problems as the rich who control significant portions of the societal resources use them to create an "unequal distribution of political power."[88] He sees the solution in increasing social mobility by "providing an opportunity for the bottom to become rich, not forcing the rich to become poor."[82]

Acemoglu has praised the American tradition of vibrant protest movements dating back to the Populists and the Progressives.[90] He has also praised Occupy Wall Street for "putting the question of inequality on the agenda, but also for actually standing up for political equality."[91] He notes that Occupy Wall Street brought the 1% to the attention of the wider public, and to the attention of academia by Tony Atkinson, Thomas Piketty, and Emmanuel Saez.[88]

Specific policies

Acemoglu is in favor of raising and indexing the minimum wage.[92]

Acemoglu believes that universal basic income is "expensive and not generous enough" and that a "more efficient and generous social safety net is needed."[93] He further called it a "flawed idea" and a "poorly designed policy." He instead advocates for a "guaranteed-income program would offer transfers only to individuals whose monthly income is below $1,000, thereby coming in at a mere fraction of a UBI's cost." He calls for "universal health care, more generous unemployment benefits, better-designed retraining programs, and an expanded earned income tax credit (EITC)."[94] Acemoglu supports a negative income tax, calling it a "more sensible" alternative to UBI.[95]

Acemoglu believes that nation-building by the West is no longer possible around the world because the West now lacks the resources and commitment that were present in post-World War II Germany and Japan, and because countries, such as in the Muslim- and Arab-majority countries, where such work is required today do not trust the West.[96] He views the US war on drugs as a "total and very costly failure",[97] and supported the 2013 ballot referendum Colorado Amendment 64, a successful popular initiative that legalized the sale of recreational marijuana.[98]

In a 2016 interview with NPR, he opined that the US infrastructure is in a "pitiful state, with negative consequences for US economic growth."[99]

Socialism, communism, and Marxism

Acemoglu argues that socialist states have not been successful in creating prosperity.[85] He wrote that socialist regimes "from Cuba to the eastern bloc have been disastrous both for economic prosperity and individual freedom."[100]

In a review written with James A. Robinson, he argues that Thomas Piketty and Karl Marx are "led astray" due to their disregard for "the key forces shaping how an economy functions: the endogenous evolution of technology and of the institutions and the political equilibrium that influence not only technology but also how markets function and how the gains from various different economic arrangements are distributed."[101]

Social democracy and unions

In 2019, Acemoglu argued in favor of social democracy. He stated: "[Social democracy, when practiced by competent governments] is a phenomenal success. Everywhere in the west is to some degree social democratic, but the extent of this varies. We owe our prosperity and freedom to social democracy. ... [Social democracy] did not achieve these things by taxing and redistributing a lot. It achieved them by having labor institutions protecting workers, encouraging job creation and encouraging high wages."[100] Acemoglu also noted that the economists of US presidential candidate Bernie Sanders, who is an advocate of democratic socialism along the lines of the Nordic model, "don't understand basic economics. They are not just dangerous, they are clueless."[100]

Acemoglu argued that a "tradition of strong labor movement or social democratic party, by constraining the actions of the social planner, can act as a commitment device to egalitarianism, inducing an equilibrium in which the country in question becomes the beneficiary from the asymmetric world equilibrium."[72]

Donald Trump

In an op-ed in Foreign Policy, Acemoglu claimed that President Donald Trump shared political goals and strategies of Hugo Chávez, Vladimir Putin, and Recep Tayyip Erdoğan, such as "little respect for the rule of law or the independence of state institutions, ... a blurred vision of national and personal interests, ... little patience with criticism and a long-established strategy of rewarding loyalty, which can be seen in his high-level appointments to date. This is all topped by an unwavering belief in his abilities."[90] In a 2019 interview with Der Spiegel, Acemoglu stated that he sees similarities between Trump and the Republican Party and the Nazis: "Surely, Trump and the Republicans are no Nazis. But they are exploiting the same political sentiment." He argues that Trump "poses a great risk to U.S. democracy" because he is "looking for a new order with elements of anti-liberalism, misinformation and a lax attitude to corruption. If he is re-elected next year, it will be the beginning of the end of American democracy."[102]

Authoritarian countries

According to Acemoglu, the three obstacles for economic growth under authoritarian regimes are the tendency of authoritarian regimes to become more authoritarian, their tendency to use power to halt "Schumpeterian creative destruction, which is key to sustaining growth" and the instability and uncertainty caused by internal conflicts.[27] He believes that Saudi Arabia would be like a poor African country without the oil, while the "only thing that is keeping [Russia] going is a big boom in natural resources and a clever handling of the media."[103]

He believes that China has managed to achieve significant economic growth because it "sort of picked up the low hanging fruit from the world technology frontier, but that sort of growth is not going to last until China goes to the next step, which is harnessing innovation," which he argues will be impossible "unless economic institutions become even more open and the extractive political institutions in China will be a barrier to that."[89] He and Robinson wrote for the HuffPost that the "limited rights [China] affords its citizens places major restrictions on the country’s longer-term possibilities for prosperity."[104]

Turkey

Acemoglu opined that the Republic of Turkey, formed in 1923 by Atatürk, "is very continuous with the Ottoman Empire." Although the shift from empire to republic brought some positive changes, he argues, the model was largely maintained by the reformers who took power, citing a persistent concentration of power and economic activity.[105] He suggests that the Republican period has been characterized by an unwillingness to accept ethnic minorities.[106] In 2014, Acemoglu condemned the widespread anti-Armenian rhetoric in Turkish textbooks, and demanded that the books be pulled from circulation.[11]

Acemoglu has criticized Recep Tayyip Erdoğan and his government for its authoritarian rule.[107] In a 2013 op-ed in The New York Times, following the crackdown of Gezi Park protests, Acemoglu wrote that "Even before the brutal suppression of the demonstrations, the belief that Turkey was on its way to becoming a mature democracy — a role model for the rest of the Middle East — had already become untenable."[108] In a May 2014 op-ed in Foreign Affairs, Acemoglu wrote that the drift from democracy by Erdogan is lamentable, but an "almost predictable, stage of Turkey’s democratic transition."[109] In the late 2010s, Acemoglu often criticized Turkey's economic policies and consequently became popular with the opposition.[110]

Armenia

In a 2015 interview with the Armenian service of Voice of America, Acemoglu stated that he has always been interested in economic, political, and social developments in Armenia.[14] Talking via video, Acemoglu partook in the Armenian Economic Association's annual conference in October 2013 held at the Yerevan State University, during which he argued that Armenia's problem is political, and not geographic, cultural, or geopolitical. He called for the Armenian government to be "more responsive to the wishes of its citizens so that through that political process Armenia ceases to be an oligarchy."[111] In a September 2016 conference in Toronto, Acemoglu criticized the Armenian diaspora for legitimizing the successive governments in Armenia, especially when the rights of its citizens are violated and a wrong economic and political line is being followed for the country.[112] In an April 2017 conference held by the USC Institute of Armenian Studies, Acemoglu stated that while "Armenia could have looked much more like the Czech Republic or Estonia and what we got instead is a country that looks much more like Azerbaijan or Uzbekistan, which is a real shame." He suggested that in the immediate post-Soviet years Armenia was "stronger and it's been getting worse and worse." He criticized the level of corruption of the government, which has systematically closed the political system.[113]

Other countries

In an op-ed for The Globe and Mail following the 2014 Ukrainian revolution, Acemoglu advocated Ukraine "to break with its past as quickly as possible. It needs to move away from Russia, politically and economically, even if that means an end to the natural-gas subsidies Russia has used to keep it in the position of a client state. Even more important is for Ukraine’s leaders to spread political power and economic benefits to the maximum number of its people, including Russian speakers."[114]

Acemoglu argued that the Greek government-debt crisis was caused by the "terrible state of Greek institutions, and the clientelistic nature of its politics", and stated that the country's problems are "political not just macroeconomic." He identified lack of political integration within the EU as Greece's problem and that "the only way forward for Europe is to have greater fiscal and banking integration or to abandon monetary integration."[115][116]

Political involvement edit

Turkey edit

 
Acemoglu in 2018[22]

In March 2011, Turkish Foreign Minister Ahmet Davutoğlu offered to appoint Acemoglu Turkey's permanent representative to the OECD in Paris, a post he turned down in order to continue his academic career.[117][118][119][120]

Acemoglu met with Kemal Kılıçdaroğlu, leader of the opposition Republican People's Party (CHP) in October 2022.[121][122] In December 2022 Kılıçdaroğlu appointed Acemoglu, among others, as his economic adviser.[123] Pro-Erdogan circles criticized the move. One pro-government columnist said: "The Armenian Daron Acemoğlu, praised by FETÖ, prepared Kılıçdaroğlu's vision program, (resembling his own roots)." In response, finance professor Özgür Demirtaş defended Acemoglu. "This tweet is both racist and presumptuous. The influence of Daron Acemoğlu on world’s economy-finance professors is greater than the number of cells in your body. It's terrible that you talk like this about a professor who made us proud and is going for the Nobel prize."[124] Yeni Şafak, a pro-government newspaper, ran the headline: "Daron Acemoğlu, one of the new economic advisors of the CHP, could not solve the economic crisis of Armenia."[125]

Armenia edit

Following the 2018 Armenian revolution, opposition leader-turned-Prime Minister Nikol Pashinyan wrote on his Facebook page that Acemoglu told him that he is ready to help Armenia to "restore and develop" its economy.[126][127] Pashinyan and Acemoglu talked via the internet in June 2018.[128] Acemoglu met with Deputy Prime Minister Tigran Avinyan in Boston in July 2019.[129][130]

Recognition edit

According to data collected by Research Papers in Economics (RePEc), Acemoglu was the most cited economist of the decade leading to 2015.[131][9][11] According to Google Scholar, his works (including co-authored works) have been cited more than 200,000 times as of January 2023.[37] In a 2011 survey of 299 economics professors in the U.S. Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60".[132]

He was listed 88th in Foreign Policy's 2010 list of Top 100 Global Thinkers "for showing that freedom is about more than markets."[133] Acemoglu was voted by the readers of Prospect Magazine as the world’s top thinker for 2024.[134]

Francis Fukuyama has described Acemoglu and his long-time collaborator James A. Robinson as "two of the world's leading experts on development."[135] Clement Douglas wrote in the Federal Reserve Bank of Minneapolis publication that the "scope, depth and sheer volume of [his] scholarship are nothing short of breathtaking, verging on implausible."[40] Angus Deaton called him a "young superstar" and noted that Acemoglu is "a very good example of the way things ought to be going, which is you do history but you know enough mathematics to be able to model it too."[136]

Acemoglu is widely considered a prospective Nobel laureate in Economics.[137][138][139][140][141]

Awards edit

Economics awards
State orders and awards
Honorary degrees

Acemoglu has been awarded honorary degrees from the following universities: Utrecht University (2008),[40] Bosporus University (2011), Bilkent University (2015),[152] University of Bath (2017),[153] ENS Paris-Saclay (2017), London Business School (2018), Boğaziçi University, and the University of Athens.[16]

Other

Selected bibliography edit

  • Acemoglu, Daron; Robinson, James A. (2006). Economic Origins of Dictatorship and Democracy. Cambridge University Press. ISBN 9780521855266.
  • Acemoglu, Daron (2008). Introduction to Modern Economic Growth. Princeton University Press. ISBN 9781400835775.
  • Acemoglu, Daron; Robinson, James A. (2012). Why Nations Fail. Crown Business. ISBN 978-0307719218.
  • Acemoglu, Daron; Laibson, David and List, John (2014). Principles of Economics, Pearson, New York.
  • Acemoglu, Daron; Robinson, James A. (2019). The Narrow Corridor: States, Societies, and the Fate of Liberty. Penguin Press. ISBN 978-0735224384. Description, arrow-searchable preview, & reviewers' comments (at bottom).
  • Acemoglu, Daron, and Simon Johnson (2023). Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs.

References edit

Notes edit

  1. ^ Western Armenian: Տարօն Աճէմօղլու.[5][6] Acemoğlu is the Turkified version of the Armenian last name Ajemian (Աճէմեան). Its root derives from the Arabic term ajam, used for non-Arabs, especially Persians. Most of Turkey's Armenians changed their last names due to the 1934 Surname Law. His first name is the Western Armenian version of Taron, a male given name from a historic region.
  2. ^ "... the middle-of-the-roaders Daron Acemoglu and James Robinson ..."[80]
    "Daron Acemoglu, a more centrist economist at MIT ..."[81]
    "... Acemoglu, who aligns more with the center than with the populists."[82]

Citations edit

  1. ^ a b c d e f https://economics.mit.edu/sites/default/files/2022-08/Daron%20Acemoglu%20CV.pdf
  2. ^ . opensyllabus.org. Open Syllabus. Archived from the original on 21 September 2022.
  3. ^ . Milliyet (in Turkish). 14 May 1985. Archived from the original on October 13, 2010. ...Kevork ve İrma Acemoğulları...Kamer Daron Acemoğlu...
  4. ^ a b Acemoglu, Kamer Daron (1992). (Ph.D). British Library Board. Archived from the original on 13 October 2017.
  5. ^ "Աճեմօղլու արաջին դիրքի վրայ". Jamanak (in Armenian). 31 July 2015.
  6. ^ . Asbarez (in Armenian). 28 June 2012. Archived from the original on 17 September 2017. Retrieved 16 September 2017.
  7. ^ a b c . economics.mit.edu. Massachusetts Institute of Technology. Archived from the original on 2021-07-28. Retrieved 2017-09-16. (archived)
  8. ^ Sorman, Guy (2013). Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis. Encounter Books. p. 31. ISBN 978-1594032547. ...Daron Acemoğlu, an Armenian from Turkey...
  9. ^ a b . Hürriyet Daily News. 31 July 2015. Archived from the original on 26 September 2021.
  10. ^ . Agos (in Turkish). 28 October 2013. Archived from the original on 8 September 2017.
  11. ^ a b c . Armenian Weekly. 7 August 2015. Archived from the original on 8 March 2021.
  12. ^ a b c d Gavin, Robert (15 June 2005). "MIT professor named top economist under 40". The Boston Globe. (archived)
  13. ^ . haberler.com (in Turkish). Archived from the original on 20 August 2021. İlköğrenimini İstanbul Kadıköy'deki Aramyan Uncuyan Ermeni İlkokulu'nda tamamladıktan...
  14. ^ a b Tarjimanyan, Arman (2 April 2015). . azatutyun.am (in Armenian). Radio Free Europe/Radio Liberty (via Voice of America). Archived from the original on 28 December 2019. «Ծնվել ու մեծացել եմ հայկական ընտանիքում, ավարտել Ստամբուլի հայկական տարրական դպրոցը, և, իհարկե, ինձ միշտ հետաքրքրել են տնտեսական, քաղաքական և սոցիալական զարգացումները Հայաստանում», - ասաց պրոֆեսորը։
  15. ^ . Agos (in Turkish). 16 December 2011. Archived from the original on 17 March 2020.
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  18. ^ Shimer 2007, p. 191.
  19. ^ Kling, Arnold (3 October 2007), Acemoglu on Growth, Library of Economics and Liberty
  20. ^ a b c d . BBVA Foundation Frontiers of Knowledge Award. 2016. Archived from the original on 2017-11-04. (, )
  21. ^ Examples of Acemoglu speaking Turkish:
    • "Özgürlük ve Ekonomik Büyüme: Daron Acemoğlu ve Gönenç Gürkaynak Konferansı". YouTube (in Turkish). 19 December 2014. Archived from the original on 2021-09-24.
    • "CEO Club Toplantısı – Daron Acemoğlu "Global Ekonomi 2016"" (in Turkish). Capital Dergisi. 15 April 2016. Archived from the original on 2021-09-24.
  22. ^ a b (in Armenian). Voice of America Armenian Service. May 31, 2018. Archived from the original on 4 January 2023. Retrieved 4 January 2023.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  23. ^ Hardesty, Larry (18 June 2013). "Gaming the System". MIT Technology Review. ...Ozdaglar and her husband, the MIT economist Daron Acemoglu...
  24. ^ "Asuman Ozdaglar". National Bureau of Economic Research.
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  26. ^ . nber.org. National Bureau of Economic Research. Archived from the original on 15 September 2017.
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  28. ^ a b Mallard, Graham (2012). The Economics Companion. Palgrave Macmillan. p. 265. ISBN 9780230356450.
  29. ^ a b c Dizikes, Peter (July 10, 2019). . news.mit.edu. MIT News Office. Archived from the original on 11 July 2019.
  30. ^ Bingham, Emma (2 June 2016). . The Tech. Archived from the original on 17 September 2017.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  31. ^ "Current Fellows". www.econometricsociety.org. Retrieved 2024-01-23.
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  33. ^ "Member Search". www.nasonline.org. Retrieved 2024-01-23.
  34. ^ "Daron Acemoglu". cifar.ca.
  35. ^ "Daron Acemoglu". nber.org. National Bureau of Economic Research.
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  38. ^ Shimer 2007, pp. 199–200.
  39. ^ "Daron Acemoglu". cifar.ca. Canadian Institute for Advanced Research.
  40. ^ a b c d Clement, Douglas (27 September 2011). . Federal Reserve Bank of Minneapolis. Archived from the original on 17 September 2017. Retrieved 16 September 2017. ()
  41. ^ a b Johnson, Simon (8 March 2012). "The Koch Brothers, the Cato Institute and Why Nations Fail". The New York Times.
  42. ^ Dzionek-Kozłowska, Joanna; Matera, Rafał (October 2015). "New Institutional Economics' Perspective on Wealth and Poverty of Nations. Concise Review and General Remarks on Acemoglu and James A. Robinson's Concept". Annals of the Alexandru Ioan Cuza University – Economics. 62 (1): 11–18. doi:10.1515/aicue-2015-0032 (inactive 2024-02-12).{{cite journal}}: CS1 maint: DOI inactive as of February 2024 (link)
  43. ^ Keefer, Philip; Knack, Stephen (2005). "Social capital, social norms and the New Institutional Economics". Handbook of New Institutional Economics. pp. 700–725.
  44. ^ . coase.org. Ronald Coase Institute. Archived from the original on 25 December 2019. Retrieved 11 January 2020.
  45. ^ Why Nations Fail, "Acknowledgments", p. 209 "Two people played a particularly significant role in shaping our views and encouraging our research, and we would like to take this opportunity to express our intellectual debt and our sincere gratitude to them: Joel Mokyr, and Ken Sokoloff...
  46. ^ Wilkinson, Will (10 May 2016). "The Great Enrochment and Social Justice". Niskanen Center. Douglass North and his followers, such as Daron Acemoglu and James Robinson...
  47. ^ a b Dewan, Torun; Shepsle, Kenneth A. (July 2008). "Recent Economic Perspectives on Political Economy, Part II". British Journal of Political Science. 38 (3): 543–564. doi:10.1017/S0007123408000276. PMC 3630075. PMID 23606754. ...Seymour Martin Lipset and Barrington Moore, for example, have clearly influenced Acemoglu and Robinson and other contributors to the literature on redistribution...
  48. ^ "Economic Origins of Dictatorship and Democracy". Cambridge University Press.
  49. ^ Wacziarg, Romain (15 September 2006). "Determinants of Democratization". Science. 313 (5793): 1576–1577. doi:10.1126/science.1131936. JSTOR 20031295. S2CID 154213515.
  50. ^ Drazen, Allan (February 2007). "Review: Four Reviews of "Economic Origins of Dictatorship and Democracy"". The Economic Journal. 117 (517): F162–F183. doi:10.1111/j.1468-0297.2007.02031_1.x. JSTOR 4625479.
  51. ^ e.g., p. 143
  52. ^ a b Radelet, Steven (12 October 2012). . United States Agency for International Development. Archived from the original on 16 September 2017.
  53. ^ p. 150.
  54. ^ "Creating economic wealth: The big why". The Economist.
  55. ^ a b Friedman, Thomas L. (31 March 2012). "Why Nations Fail". The New York Times.
  56. ^ Collier, Paul (11 March 2012). "Why Nations Fail by Daron Acemoğlu and James Robinson – review". The Guardian.
  57. ^ Hunter, Janet (31 August 2012). "Book Review: Why Nations Fail: the Origins of Power, Prosperity, and Poverty by Daron Acemoglu & James A Robinson". London School of Economics.
  58. ^ Bass, Warren (20 April 2012). "Book review: 'Why Nations Fail,' by Daron Acemoglu and James A. Robinson". The Washington Post.
  59. ^ Crook, Clive (4 April 2012). . Bloomberg News. Archived from the original on 27 October 2017.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  60. ^ Sachs, Jeffrey (2012). "Government, Geography, and Growth: The True Drivers of Economic Development". Foreign Affairs. 91 (5): 142–150. JSTOR 41720868.
  61. ^ Gates, Bill (26 February 2013). "Good Ideas, but Missing Analysis". gatesnotes.com.
  62. ^ R.A. (6 March 2013). "Institutions matter, a lot". The Economist.
  63. ^ Daron Acemoglu and James A. Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty. New York: Penguin, 2019.
  64. ^ Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs, 2023.
  65. ^ Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs, 2023, Ch. 11.
  66. ^ Acemoglu, Daron (January 2001). "Good Jobs versus Bad Jobs". Journal of Labor Economics. 19 (1): 1–21. CiteSeerX 10.1.1.687.4806. doi:10.1086/209978. JSTOR 10.1086/209978. S2CID 2316641.
  67. ^ Acemoglu, Daron; Pischke, Jörn-Steffen (2003). Minimum Wages and On-the-job Training (PDF). Vol. 22. pp. 159–202. doi:10.1016/S0147-9121(03)22005-7. hdl:1721.1/63851. ISBN 978-0-7623-1026-5. ISSN 0147-9121. {{cite book}}: |journal= ignored (help)
  68. ^ Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; Robinson, James A. (March 2014). "Democracy Does Cause Growth". NBER Working Paper No. 20004. doi:10.3386/w20004. {{cite journal}}: Cite journal requires |journal= (help)
  69. ^ Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; Robinson, James A. (December 2013). "Democracy, Redistribution and Inequality". NBER Working Paper No. 19746. doi:10.3386/w19746. {{cite journal}}: Cite journal requires |journal= (help)
  70. ^ Acemoglu, Daron; Aghion, Philippe (2001). . Carnegie-Rochester Conference Series on Public Policy. 55: 229–264. doi:10.1016/s0167-2231(01)00058-6. S2CID 17495766. Archived from the original on 2018-08-10. Retrieved 2017-11-24.
  71. ^ Acemoglu, Daron; Robinson, James A. (2013). . Journal of Economic Perspectives. 27 (2): 173–192. doi:10.1257/jep.27.2.173. hdl:1721.1/82599. Archived from the original on 2020-01-25. Retrieved 2019-12-01.
  72. ^ a b Acemoglu, Daron; Robinson, James A.; Verdier, Thierry (October 2012). "Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World". National Bureau of Economic Research. doi:10.3386/w18441. {{cite journal}}: Cite journal requires |journal= (help)
  73. ^ Acemoglu, Daron (20 October 2015). "A Scandinavian U.S. Would Be a Problem for the Global Economy". The New York Times.
  74. ^ "Will everyone be worse off if the United States turns social democratic?". Lane Kenworthy. 2012-09-29. Retrieved 2020-10-17.
  75. ^ Acemoglu, Daron; Johnson, Simon; Robinson, James A. (June 2000). "The Colonial Origins of Comparative Development: An Empirical Investigation". Working Paper Series. National Bureau of Economic Research. doi:10.3386/w7771. Retrieved 12 March 2022. This quote is from a subsequent abstract, appearing before page 1, to their article but NOT in the abstract to their original article. {{cite journal}}: Cite journal requires |journal= (help)
  76. ^ Acemoglu, Daron; Johnson, Simon; Robinson, James A. (2001). "The Colonial Origins of Comparative Development: An Empirical Investigation". The American Economic Review. 91 (5): 1369–1401. CiteSeerX 10.1.1.475.6366. doi:10.3386/w7771. JSTOR 2677930.
  77. ^ Levitt, Steven D. (20 April 2012). . Freakonomics. Archived from the original on 6 November 2017.
  78. ^ Acemoglu, Daron, Simon Johnson, James A. Robinson, and Pierre Yared, "Income and Democracy." American Economic Review 98(3) 2008: 808-42.
  79. ^ Daron Acemoglu and James Robinson, "Non-Modernization: Power–Culture Trajectories and the Dynamics of Political Institutions." Annual Review of Political Science 25(1) 2022: 323-339, p. 324.[1]
  80. ^ McCloskey, Deirdre (January 2015). "It was ideas and ideologies, not interests or institutions, which changed in Northwestern Europe, 1600–1848". Journal of Evolutionary Economics. 25 (1): 57. doi:10.1007/s00191-015-0392-x. S2CID 154238344.
  81. ^ Edsall, Thomas B. (28 January 2014). "Capitalism vs. Democracy". The New York Times.
  82. ^ a b c Keller, Bill (22 December 2013). "Inequality for Dummies". The New York Times.
  83. ^ Abrams, Paul (5 June 2012). "Romney-Ryan's Why Nations Fail Economy vs. Obama's Built to Last Economy". HuffPost.
  84. ^ Acemoglu, Daron; Johnson, Simon (15 August 2017). "It's Time to Found a New Republic". Foreign Policy.
  85. ^ a b "Is democratic socialism the right path for America?". CNN. 28 October 2015. (archived)
  86. ^ a b Acemoglu, Daron (5 January 2009). "The Crisis of 2008: Lessons for and from Economics". Hoover Institution.
  87. ^ Shea, Christopher (24 September 2008). "Anti-bailout economists". The Boston Globe.
  88. ^ a b c Roell, Sophie (December 2011). The best books on Inequality recommended by Daron Acemoglu. {{cite book}}: |website= ignored (help)
  89. ^ a b Korones, Sarah (2 April 2012). . ZDNet. Archived from the original on 13 October 2017.
  90. ^ a b Acemoglu, Daron (18 January 2017). . Foreign Policy. Archived from the original on 8 November 2017. (, )
  91. ^ Acemoglu, Daron; Robinson, James A. (11 March 2012). "The Problem With U.S. Inequality". HuffPost. (cached)
  92. ^ . Economic Policy Institute. 14 January 2014. Archived from the original on 9 October 2017.
  93. ^ Schiller, Ben (17 February 2017). . Fast Company. Archived from the original on 7 November 2017.
  94. ^ Acemoglu, Daron (June 7, 2019). "Why Universal Basic Income Is a Bad Idea". Project Syndicate.
  95. ^ "Why Universal Basic Income is a Bad Idea | by Daron Acemoglu". 7 June 2019.
  96. ^ Giridharadas, Anand (26 August 2011). "For Libya, a Light Hand May Be Best". The New York Times.
  97. ^ "Drug Use Policies". Initiative on Global Markets. 12 December 2011.
  98. ^ . Colorado Campaign to Regulate Marijuana Like Alcohol. 2012. Archived from the original on March 4, 2013. Retrieved February 28, 2013.
  99. ^ Jiang, Jess (26 February 2016). "Economists On Candidates' Proposals: Mostly Bad". NPR.
  100. ^ a b c Edsall, Thomas B. (April 24, 2019). "Bernie Sanders Scares a Lot of People, and Quite a Few of Them Are Democrats". The New York Times.
  101. ^ Acemoglu, Daron; Robinson, James A. (2015). . Journal of Economic Perspectives. 29 (1): 3–28. CiteSeerX 10.1.1.687.2487. doi:10.1257/jep.29.1.3. hdl:1721.1/113636. S2CID 14001669. Archived from the original on 2017-02-13.{{cite journal}}: CS1 maint: bot: original URL status unknown (link)
  102. ^ Sauga, Michael (12 October 2019). "Political Economist Daran Acemoglu: 'Trump Poses a Great Risk to U.S. Democracy'". Der Spiegel.
  103. ^ Freeland, Chrystia (1 March 2012). "Dignity and the Wealth of Nations". The New York Times.
  104. ^ Acemoglu, Daron; Robinson, James A. (2012-03-21). . HuffPost. Archived from the original on 6 November 2017.
  105. ^ Laidler, John (28 April 2015). . Harvard Gazette. Harvard University. Archived from the original on 15 September 2017.
  106. ^ "Inside Turkey's Economy – Interview with Daron Acemoglu". GEDProject. Bertelsmann Stiftung. 22 August 2016. Archived from the original on 2021-09-24. 11:40 "The overall, sort of, unwillingness to come to grips with this, sort of, multiethnicity has, of course, characterized much of the Republican period."
  107. ^ Freeland, Chrystia (6 June 2013). "The perils of authoritarian overreaction". The Globe and Mail.
  108. ^ Acemoglu, Daron (5 June 2013). "Development Won't Ensure Democracy in Turkey". The New York Times.
  109. ^ Acemoglu, Daron (22 May 2014). "The Failed Autocrat: Despite Erdogan's Ruthlessness, Turkey's Democracy Is Still on Track". Foreign Affairs. (archived)
  110. ^ Erciyes, Cem (December 30, 2019). "How will Turkey enter the 'Narrow Corridor'?". Gazete Duvar.
  111. ^ . civilnet.am. 24 October 2013. Archived from the original on 17 September 2017.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
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  113. ^ . civilnet.am. 10 April 2017. Archived from the original on 17 September 2017.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  114. ^ Acemoglu, Daron (14 March 2014). "Ukraine's legacy of serial oligopoly". The Globe and Mail.
  115. ^ "Greece". Initiative on Global Markets. 24 February 2015.
  116. ^ Kurtaran, Gokhan (4 August 2015). "EU needs political and economic integration: Acemoglu". Anadolu Agency.
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  120. ^ "Armenian Declines Davutoglu Appointment". Asbarez. 30 March 2011.
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Sources edit

February 15, 2024
daron, acemoglu, kamer, daron, acemoğlu, turkish, daˈɾon, aˈdʒemoːɫu, born, september, 1967, turkish, born, american, economist, taught, massachusetts, institute, technology, since, 1993, where, currently, elizabeth, james, killian, professor, economics, recei. Kamer Daron Acemoglu Turkish daˈɾon aˈdʒemoːɫu born September 3 1967 is a Turkish born American economist who has taught at the Massachusetts Institute of Technology since 1993 where he is currently the Elizabeth and James Killian Professor of Economics 1 He received the John Bates Clark Medal in 2005 and was named an Institute Professor at MIT in 2019 1 Daron AcemogluAcemoglu in 2016BornKamer Daron Acemoglu 1967 09 03 September 3 1967 age 56 Istanbul TurkeyCitizenshipTurkey and United StatesEducationUniversity of York BA London School of Economics PhD SpouseAsu OzdaglarAcademic careerInstitutionLondon School of EconomicsNational Bureau of Economic ResearchMassachusetts Institute of TechnologyFieldPolitical economyEconomic growthDevelopment economicsLabour economicsSchool ortraditionNew institutional economicsDoctoraladvisorKevin W S RobertsDoctoralstudentsRobert Shimer Mark Aguiar Pol Antras Gabriel Carroll Melissa Dell Benjamin Jones Ufuk AkcigitInfluencesJoel Mokyr Kenneth Sokoloff Douglass North Seymour Martin Lipset Barrington MooreAwardsJohn Bates Clark Medal 2005 John von Neumann Award 2007 Erwin Plein Nemmers Prize in Economics 2012 BBVA Foundation Frontiers of Knowledge Award 2016 Born to Armenian parents in Istanbul Acemoglu received a BA from the University of York in 1989 and a PhD from the London School of Economics LSE in 1992 He lectured at LSE for a year before joining the Department of Economics at the Massachusetts Institute of Technology He was awarded the John Bates Clark Medal in 2005 Acemoglu is best known for his work on political economy He has authored hundreds of papers many of them with his long time collaborators Simon Johnson and James A Robinson With Robinson he co authored the books Economic Origins of Dictatorship and Democracy 2006 and Why Nations Fail 2012 The latter an influential book on the role that institutions play in shaping nations economic outcomes receive wide scholarly and media attention Described as a centrist he believes in a regulated market economy He regularly comments on political issues economic inequality and a variety of specific policies Acemoglu ranked third behind Paul Krugman and Greg Mankiw in the list of Favorite Living Economists Under Age 60 in a 2011 survey among American economists In 2015 he was named the most cited economist of the past 10 years per Research Papers in Economics RePEc data According to the Open Syllabus Project Acemoglu is the third most frequently cited author on college syllabi for economics courses after Mankiw and Krugman 2 Contents 1 Life 2 Academic career 3 Research and publications 3 1 Books 3 1 1 Economic Origins of Dictatorship and Democracy 3 1 2 Why Nations Fail 3 1 3 The Narrow Corridor 3 1 4 Power and Progress 3 2 Papers 3 2 1 A critique of modernization theory 4 Views 5 Political involvement 5 1 Turkey 5 2 Armenia 6 Recognition 6 1 Awards 7 Selected bibliography 8 References 8 1 Notes 8 2 Citations 8 3 SourcesLife editKamer Daron Acemoglu 3 4 a was born in Istanbul to Armenian parents on September 3 1967 7 8 9 His father Kevork Acemoglu 1938 1988 was a commercial lawyer and lecturer at Istanbul University His mother Irma Acemoglu d 1991 was the principal of Aramyan Uncuyan an Armenian elementary school in Kadikoy 10 11 12 which Daron attended before graduating from Galatasaray High School in 1986 13 14 15 He became interested in politics and economics as a teenager 12 He was educated at the University of York where he received a BA in economics in 1989 and at the London School of Economics LSE where he received an MSc in econometrics and mathematical economics in 1990 and a PhD in economics in 1992 16 His doctoral thesis was titled Essays in Microfoundations of Macroeconomics Contracts and Economic Performance 7 4 His doctoral advisor was Kevin W S Roberts 17 James Malcomson one of his doctoral examiners at the LSE said that even the weakest three of the seven chapters of his thesis were more than sufficient for the award of a PhD 18 Arnold Kling called him a wunderkind due to the age at which he received his PhD 25 19 Acemoglu is a naturalized citizen of the US 20 He is fluent in English and Turkish 21 and speaks some Armenian 22 He is married to Asuman Asu Ozdaglar a professor of electrical engineering and computer science at MIT 12 23 who is the daughter of Ismail Ozdaglar a former Turkish government minister Together they have authored several articles 24 25 As of 2015 they live in Newton Massachusetts with their two sons Arda and Aras 26 Academic career edit nbsp Acemoglu in 2009 nbsp Acemoglu in his office January 2020Acemoglu was a lecturer in economics at the LSE from 1992 to 1993 1 He was appointed an assistant professor at MIT in 1993 where he became the Pentti Kouri Associate Professor of Economics in 1997 and was tenured in 1998 1 27 He became a full professor at MIT in 2000 and served as the Charles P Kindleberger Professor of Applied Economics there from 2004 to 2010 1 28 In 2010 Acemoglu was appointed the Elizabeth and James Killian Professor of Economics at MIT 7 In July 2019 he was named an Institute Professor the highest faculty honour at MIT 29 As of 2019 he has mentored over 60 PhD students 29 Among his doctoral students are Robert Shimer Mark Aguiar Pol Antras and Gabriel Carroll 17 In 2014 he made 841 380 making him one of the top earners at MIT 30 Acemoglu is a research associate at the NBER and was elected a Fellow of the Econometric Society in 2005 16 1 31 He was elected to the American Academy of Arts and Sciences in 2006 and to the National Academy of Sciences in 2014 32 33 He is also a Senior Fellow at the Canadian Institute for Advanced Research and a member of several other learned societies 16 34 35 He edited Econometrica an academic journal published by the Econometric Society from 2011 to 2015 36 Acemoglu has authored hundreds of academic papers 37 He noted that most of his research has been motivated by trying to understand the sources of poverty 20 His research includes a wide range of topics including political economy human capital theory growth theory economic development innovation labor economics 16 38 income and wage inequality and network economics among others 39 He noted in 2011 that most his research of the past 15 years concerned with what can be broadly called political economy 40 He has made contribution to the labor economics field 20 Acemoglu has extensively collaborated with James A Robinson a British political scientist since 1993 27 Acemoglu has described it as a very productive relationship They have worked together on a number of articles and several books most of which on the subject of growth and economic development 20 The two have also extensively collaborated with economist Simon Johnson 41 Research and publications editAcemoglu is considered a follower of new institutional economics 42 43 44 His influences include Joel Mokyr Kenneth Sokoloff 45 Douglass North 46 Seymour Martin Lipset 47 and Barrington Moore 47 Books edit Economic Origins of Dictatorship and Democracy edit Published by Cambridge University Press in 2006 Economic Origins of Dictatorship and Democracy by Acemoglu and Robinson analyzes the creation and consolidation of democratic societies They argue that democracy consolidates when elites do not have strong incentive to overthrow it These processes depend on 1 the strength of civil society 2 the structure of political institutions 3 the nature of political and economic crises 4 the level of economic inequality 5 the structure of the economy and 6 the form and extent of globalization 48 Romain Wacziarg praised the book and argued that its substantive contribution is the theoretical fusion of the Marxist dialectical materialism institutional change results from distributional struggles between two distinct social groups a rich ruling class and a poor majority each of whose interests are shaped primarily by economic forces and the ideas of Barry Weingast and Douglass North who argued that institutional reform can be a way for the elite to credibly commit to future policies by delegating their enactment to interests that will not wish to reverse them 49 William Easterly called it one of the most important contributions to the literature on the economics of democracy in a long time Edward Glaeser described it as enormously significant work and a great contribution to the field 50 Why Nations Fail edit nbsp Why Nations Fail was included in the Shortlist of the 2012 Financial Times Business Book of the Year Award In their 2012 book Why Nations Fail Acemoglu and Robinson argue that economic growth at the forefront of technology requires political stability which the Mayan civilization to name only one did not have 51 and creative destruction The latter cannot occur without institutional restraints on the granting of monopoly and oligopoly rights They say that the industrial revolution began in Great Britain because the English Bill of Rights 1689 created such restraints Acemoglu and Robinson insist that development differences across countries are exclusively due to differences in political and economic institutions and reject other theories that attribute some of the differences to culture weather geography or lack of knowledge about the best policies and practices 52 For example Soviet Russia generated rapid growth as it caught up rapidly with some of the advanced technologies in the world but was running out of steam by the 1970s because of a lack of creative destruction 53 The book was written for the general audience 52 It was widely discussed by political analysts and commentators 54 55 56 57 Warren Bass wrote of it in The Washington Post bracing garrulous wildly ambitious and ultimately hopeful It may in fact be a bit of a masterpiece 58 Clive Crook wrote in Bloomberg News that the book deserves most of the lavish praise it received 59 In his review in Foreign Affairs Jeffrey Sachs criticized Acemoglu and Robinson for systematically ignoring factors such as domestic politics geopolitics technological discoveries and natural resources He also argued that the book s appeal was based on readers desire to hear that Western democracy pays off not only politically but also economically 60 Bill Gates called the book a major disappointment and characterized the authors analysis as vague and simplistic 61 Ryan Avent an editor at The Economist responded that Acemoglu and Robinson might not be entirely right about why nations succeed or fail But at least they re engaged with the right problem 62 The Narrow Corridor edit In The Narrow Corridor States Societies and the Fate of Liberty 2019 Acemoglu and Robinson argue that a free society is attained when the power of the state and of society evolved in rough balance 63 Power and Progress edit Published in 2023 Power and Progress Our Thousand Year Struggle Over Technology and Prosperity is a book by Acemoglu and Simon Johnson on the historical development of technology and the social and political consequences of technology 64 The book addresses three questions on the relationship between new machines and production techniques and wages on the way in which technology could be harnessed for social goods and on the reason for the enthusiasm around artificial intelligence Power and Progress argues that technologies do not automatically yield social goods their benefits going to a narrow elite It offers a rather critical view of artificial intelligence AI stressing its largely negative impact on jobs and wages and on democracy Acemoglu and Johnson also provide a vision about how new technologies could be harnesses for social good They see the Progressive Era as offering a model They also discuss a list of policy proposals for the redirection of technology that includes 1 market incentives 2 the break up of big tech 3 tax reform 4 investing in workers 5 privacy protection and data ownership and 6 a digital advertising tax 65 Papers edit Social programs and policiesIn a 2001 article Acemoglu argued that the minimum wage and unemployment benefits shift the composition of employment toward high wage jobs Because the composition of jobs in the laissez faire equilibrium is inefficiently biased toward low wage jobs these labor market regulations increase average labor productivity and may improve welfare 66 Furthermore he has argued that minimum wages can increase training of affected workers by inducing firms to train their unskilled employees 67 Democracy and economyAcemoglu et al found that democracy has a significant and robust positive effect on GDP and suggest that democratizations increase GDP per capita by about 20 in the long run 68 In another paper Acemoglu et al found that there is a significant and robust effect of democracy on tax revenues as a fraction of GDP but no robust impact on inequality 69 Social democracy and unionsAcemoglu and Philippe Aghion argued in 2001 that although deunionization in the US and UK since the 1980s is not the underlying cause of the increase in inequality it amplifies the direct effect of skill biased technical change by removing the wage compression imposed by unions 70 According to Acemoglu and Robinson unions historically had a significant role in creating democracy especially in western Europe and in maintaining a balance of political power between established business interests and political elites 71 Nordic modelIn a 2012 paper titled Can t We All Be More Like Scandinavians co written with Robinson and Verdier he suggests that it may be precisely the more cutthroat American society that makes possible the more cuddly Scandinavian societies based on a comprehensive social safety net the welfare state and more limited inequality They concluded that all countries may want to be like the Scandinavians with a more extensive safety net and a more egalitarian structure however if the United States shifted from being a cutthroat capitalism leader the economic growth of the entire world would be reduced 72 He argued against the US adopting the Nordic model in a 2015 op ed for The New York Times He again argued If the US increased taxation to Denmark levels it would reduce rewards for entrepreneurship with negative consequences for growth and prosperity He praised the Scandinavian experience in poverty reduction creation of a level playing field for its citizens and higher social mobility 73 This was critiqued by Lane Kenworthy who argues that empirically the US s economic growth preceded the divergence in cutthroat and cuddly policies and there is no relationship between inequality and innovation for developed countries 74 Colonialism The Colonial Origins of Comparative Development co written by Acemoglu Robinson and Simon Johnson in 2001 is by far his most cited work 37 Graham Mallard described it as an excellent example of his work an influential paper that has led to much debate 28 They argue that Europeans set up extractive institutions in colonies where they did not settle unlike in places where they did settle and that these institutions have persisted They estimated that differences in institutions explain approximately three quarters of the income per capita differences across former colonies 75 76 Historical experience dominated by extractive institutions in these countries has created a vicious circle which was exacerbated by the European colonization 77 A critique of modernization theory edit Daron Acemoglu and James A Robinson in their article Income and Democracy 2008 show that even though there is a strong cross country correlation between income and democracy once one controls for country fixed effects and removes the association between income per capita and various measures of democracy there is no causal effect of income on democracy 78 In Non Modernization 2022 they further argue that modernization theory cannot account for various paths of political development because it posits a link between economics and politics that is not conditional on institutions and culture and that presumes a definite endpoint for example an end of history 79 Views editJournalists and economists have described Acemoglu as a centrist b Why Nations Fail was well received by both liberal and conservative economists 83 Acemoglu s and Robinson s long time collaborator Simon Johnson suggests that their point is not just about how things may become awful when the government goes off track a right leaning point They are also more deeply concerned about how powerful people fight to grab control of the state and otherwise compete to exert influence over the rest of society a left leaning perspective 41 Acemoglu has praised the successes of the Progressive Era and argued in favor of its replication 84 Acemoglu argues that the market economy is the only system that creates prosperity He believes in finding an appropriate balance between incentivizing creativity hard work and risk taking and creating the essential public services social safety nets and equality of opportunity 85 For Acemoglu markets work only with regulations and predictable laws and that all markets are regulated to some extent it is only a matter of degree 27 He suggests that free markets are not unregulated markets 86 Wall StreetIn September 2008 Acemoglu signed a petition condemning the Bush administration s bailout plan of the U S financial system 87 As the main cause of the financial crisis of 2007 2008 he stated that policy makers were lured by ideological notions derived from Ayn Rand s novels rather than economic theory and opined In hindsight we should not be surprised that unregulated profit seeking individuals have taken risks from which they benefit and others lose 86 In an early analysis of the Great Recession Acemoglu wrote When channeled into profit maximizing competitive and innovative behavior under the auspices of sound laws and regulations greed can act as the engine of innovation and economic growth But when unchecked by the appropriate institutions and regulations it will degenerate into rent seeking corruption and crime 27 He argues that the heavy overrepresentation from the financial sector in the top 1 has been an outcome of the political processes that have removed all of the regulations in finance and so created the platform for 40 percent of U S corporate profits to be in the financial sector 40 He argues that a platform particularly in Wall Street has been created where the ambition and greed of people often men has been channeled in a very anti social selfish and socially destructive direction 88 InequalityAcemoglu has voiced concerns regarding the increasing inequality in the US which in his view turns into political inequality in turn undermining the inclusiveness of US institutions 55 In 2012 he identified societal polarization caused by economic inequality as the biggest problem for the US 89 He argues that democracy ceases to function because some people have so much money they command greater power 82 He states that he is comfortable with economic inequality which comes through different social contributions as it is a price that we pay for providing incentives for people to contribute to prosperity However high levels of inequality create problems as the rich who control significant portions of the societal resources use them to create an unequal distribution of political power 88 He sees the solution in increasing social mobility by providing an opportunity for the bottom to become rich not forcing the rich to become poor 82 Acemoglu has praised the American tradition of vibrant protest movements dating back to the Populists and the Progressives 90 He has also praised Occupy Wall Street for putting the question of inequality on the agenda but also for actually standing up for political equality 91 He notes that Occupy Wall Street brought the 1 to the attention of the wider public and to the attention of academia by Tony Atkinson Thomas Piketty and Emmanuel Saez 88 Specific policiesAcemoglu is in favor of raising and indexing the minimum wage 92 Acemoglu believes that universal basic income is expensive and not generous enough and that a more efficient and generous social safety net is needed 93 He further called it a flawed idea and a poorly designed policy He instead advocates for a guaranteed income program would offer transfers only to individuals whose monthly income is below 1 000 thereby coming in at a mere fraction of a UBI s cost He calls for universal health care more generous unemployment benefits better designed retraining programs and an expanded earned income tax credit EITC 94 Acemoglu supports a negative income tax calling it a more sensible alternative to UBI 95 Acemoglu believes that nation building by the West is no longer possible around the world because the West now lacks the resources and commitment that were present in post World War II Germany and Japan and because countries such as in the Muslim and Arab majority countries where such work is required today do not trust the West 96 He views the US war on drugs as a total and very costly failure 97 and supported the 2013 ballot referendum Colorado Amendment 64 a successful popular initiative that legalized the sale of recreational marijuana 98 In a 2016 interview with NPR he opined that the US infrastructure is in a pitiful state with negative consequences for US economic growth 99 Socialism communism and MarxismAcemoglu argues that socialist states have not been successful in creating prosperity 85 He wrote that socialist regimes from Cuba to the eastern bloc have been disastrous both for economic prosperity and individual freedom 100 In a review written with James A Robinson he argues that Thomas Piketty and Karl Marx are led astray due to their disregard for the key forces shaping how an economy functions the endogenous evolution of technology and of the institutions and the political equilibrium that influence not only technology but also how markets function and how the gains from various different economic arrangements are distributed 101 Social democracy and unionsIn 2019 Acemoglu argued in favor of social democracy He stated Social democracy when practiced by competent governments is a phenomenal success Everywhere in the west is to some degree social democratic but the extent of this varies We owe our prosperity and freedom to social democracy Social democracy did not achieve these things by taxing and redistributing a lot It achieved them by having labor institutions protecting workers encouraging job creation and encouraging high wages 100 Acemoglu also noted that the economists of US presidential candidate Bernie Sanders who is an advocate of democratic socialism along the lines of the Nordic model don t understand basic economics They are not just dangerous they are clueless 100 Acemoglu argued that a tradition of strong labor movement or social democratic party by constraining the actions of the social planner can act as a commitment device to egalitarianism inducing an equilibrium in which the country in question becomes the beneficiary from the asymmetric world equilibrium 72 Donald TrumpIn an op ed in Foreign Policy Acemoglu claimed that President Donald Trump shared political goals and strategies of Hugo Chavez Vladimir Putin and Recep Tayyip Erdogan such as little respect for the rule of law or the independence of state institutions a blurred vision of national and personal interests little patience with criticism and a long established strategy of rewarding loyalty which can be seen in his high level appointments to date This is all topped by an unwavering belief in his abilities 90 In a 2019 interview with Der Spiegel Acemoglu stated that he sees similarities between Trump and the Republican Party and the Nazis Surely Trump and the Republicans are no Nazis But they are exploiting the same political sentiment He argues that Trump poses a great risk to U S democracy because he is looking for a new order with elements of anti liberalism misinformation and a lax attitude to corruption If he is re elected next year it will be the beginning of the end of American democracy 102 Authoritarian countriesAccording to Acemoglu the three obstacles for economic growth under authoritarian regimes are the tendency of authoritarian regimes to become more authoritarian their tendency to use power to halt Schumpeterian creative destruction which is key to sustaining growth and the instability and uncertainty caused by internal conflicts 27 He believes that Saudi Arabia would be like a poor African country without the oil while the only thing that is keeping Russia going is a big boom in natural resources and a clever handling of the media 103 He believes that China has managed to achieve significant economic growth because it sort of picked up the low hanging fruit from the world technology frontier but that sort of growth is not going to last until China goes to the next step which is harnessing innovation which he argues will be impossible unless economic institutions become even more open and the extractive political institutions in China will be a barrier to that 89 He and Robinson wrote for the HuffPost that the limited rights China affords its citizens places major restrictions on the country s longer term possibilities for prosperity 104 TurkeyAcemoglu opined that the Republic of Turkey formed in 1923 by Ataturk is very continuous with the Ottoman Empire Although the shift from empire to republic brought some positive changes he argues the model was largely maintained by the reformers who took power citing a persistent concentration of power and economic activity 105 He suggests that the Republican period has been characterized by an unwillingness to accept ethnic minorities 106 In 2014 Acemoglu condemned the widespread anti Armenian rhetoric in Turkish textbooks and demanded that the books be pulled from circulation 11 Acemoglu has criticized Recep Tayyip Erdogan and his government for its authoritarian rule 107 In a 2013 op ed in The New York Times following the crackdown of Gezi Park protests Acemoglu wrote that Even before the brutal suppression of the demonstrations the belief that Turkey was on its way to becoming a mature democracy a role model for the rest of the Middle East had already become untenable 108 In a May 2014 op ed in Foreign Affairs Acemoglu wrote that the drift from democracy by Erdogan is lamentable but an almost predictable stage of Turkey s democratic transition 109 In the late 2010s Acemoglu often criticized Turkey s economic policies and consequently became popular with the opposition 110 ArmeniaIn a 2015 interview with the Armenian service of Voice of America Acemoglu stated that he has always been interested in economic political and social developments in Armenia 14 Talking via video Acemoglu partook in the Armenian Economic Association s annual conference in October 2013 held at the Yerevan State University during which he argued that Armenia s problem is political and not geographic cultural or geopolitical He called for the Armenian government to be more responsive to the wishes of its citizens so that through that political process Armenia ceases to be an oligarchy 111 In a September 2016 conference in Toronto Acemoglu criticized the Armenian diaspora for legitimizing the successive governments in Armenia especially when the rights of its citizens are violated and a wrong economic and political line is being followed for the country 112 In an April 2017 conference held by the USC Institute of Armenian Studies Acemoglu stated that while Armenia could have looked much more like the Czech Republic or Estonia and what we got instead is a country that looks much more like Azerbaijan or Uzbekistan which is a real shame He suggested that in the immediate post Soviet years Armenia was stronger and it s been getting worse and worse He criticized the level of corruption of the government which has systematically closed the political system 113 Other countriesIn an op ed for The Globe and Mail following the 2014 Ukrainian revolution Acemoglu advocated Ukraine to break with its past as quickly as possible It needs to move away from Russia politically and economically even if that means an end to the natural gas subsidies Russia has used to keep it in the position of a client state Even more important is for Ukraine s leaders to spread political power and economic benefits to the maximum number of its people including Russian speakers 114 Acemoglu argued that the Greek government debt crisis was caused by the terrible state of Greek institutions and the clientelistic nature of its politics and stated that the country s problems are political not just macroeconomic He identified lack of political integration within the EU as Greece s problem and that the only way forward for Europe is to have greater fiscal and banking integration or to abandon monetary integration 115 116 Political involvement editTurkey edit nbsp Acemoglu in 2018 22 In March 2011 Turkish Foreign Minister Ahmet Davutoglu offered to appoint Acemoglu Turkey s permanent representative to the OECD in Paris a post he turned down in order to continue his academic career 117 118 119 120 Acemoglu met with Kemal Kilicdaroglu leader of the opposition Republican People s Party CHP in October 2022 121 122 In December 2022 Kilicdaroglu appointed Acemoglu among others as his economic adviser 123 Pro Erdogan circles criticized the move One pro government columnist said The Armenian Daron Acemoglu praised by FETO prepared Kilicdaroglu s vision program resembling his own roots In response finance professor Ozgur Demirtas defended Acemoglu This tweet is both racist and presumptuous The influence of Daron Acemoglu on world s economy finance professors is greater than the number of cells in your body It s terrible that you talk like this about a professor who made us proud and is going for the Nobel prize 124 Yeni Safak a pro government newspaper ran the headline Daron Acemoglu one of the new economic advisors of the CHP could not solve the economic crisis of Armenia 125 Armenia edit Following the 2018 Armenian revolution opposition leader turned Prime Minister Nikol Pashinyan wrote on his Facebook page that Acemoglu told him that he is ready to help Armenia to restore and develop its economy 126 127 Pashinyan and Acemoglu talked via the internet in June 2018 128 Acemoglu met with Deputy Prime Minister Tigran Avinyan in Boston in July 2019 129 130 Recognition editAccording to data collected by Research Papers in Economics RePEc Acemoglu was the most cited economist of the decade leading to 2015 131 9 11 According to Google Scholar his works including co authored works have been cited more than 200 000 times as of January 2023 37 In a 2011 survey of 299 economics professors in the U S Acemoglu ranked third behind Paul Krugman and Greg Mankiw in the list of Favorite Living Economists Under Age 60 132 He was listed 88th in Foreign Policy s 2010 list of Top 100 Global Thinkers for showing that freedom is about more than markets 133 Acemoglu was voted by the readers of Prospect Magazine as the world s top thinker for 2024 134 Francis Fukuyama has described Acemoglu and his long time collaborator James A Robinson as two of the world s leading experts on development 135 Clement Douglas wrote in the Federal Reserve Bank of Minneapolis publication that the scope depth and sheer volume of his scholarship are nothing short of breathtaking verging on implausible 40 Angus Deaton called him a young superstar and noted that Acemoglu is a very good example of the way things ought to be going which is you do history but you know enough mathematics to be able to model it too 136 Acemoglu is widely considered a prospective Nobel laureate in Economics 137 138 139 140 141 Awards edit Economics awardsJohn Bates Clark Medal 2005 by the American Economic Association 142 12 John von Neumann Award 2007 by Rajk Laszlo College for Advanced Studies 143 Erwin Plein Nemmers Prize in Economics 2012 by Northwestern University for fundamental contributions to the understanding of political institutions technical change and economic growth 144 BBVA Foundation Frontiers of Knowledge Award 2016 for proving the influence of institutions over economic development 145 146 Jean Jacques Laffont Prize Toulouse School of Economics 2018 147 148 149 Global Economy Prize Kiel Institute for the World Economy 2019 29 Corresponding Fellow of the British Academy 2021 150 State orders and awardsPresidential Culture and Arts Grand Award in Social Sciences 2013 by Turkish President Abdullah Gul 151 Honorary degreesAcemoglu has been awarded honorary degrees from the following universities Utrecht University 2008 40 Bosporus University 2011 Bilkent University 2015 152 University of Bath 2017 153 ENS Paris Saclay 2017 London Business School 2018 Bogazici University and the University of Athens 16 OtherCarnegie Fellow 2017 154 Selected bibliography editAcemoglu Daron Robinson James A 2006 Economic Origins of Dictatorship and Democracy Cambridge University Press ISBN 9780521855266 Acemoglu Daron 2008 Introduction to Modern Economic Growth Princeton University Press ISBN 9781400835775 Acemoglu Daron Robinson James A 2012 Why Nations Fail Crown Business ISBN 978 0307719218 Acemoglu Daron Laibson David and List John 2014 Principles of Economics Pearson New York Acemoglu Daron Robinson James A 2019 The Narrow Corridor States Societies and the Fate of Liberty Penguin Press ISBN 978 0735224384 Description arrow searchable preview amp reviewers comments at bottom Acemoglu Daron and Simon Johnson 2023 Power and Progress Our Thousand Year Struggle Over Technology and Prosperity New York PublicAffairs References editNotes edit Western Armenian Տարօն Աճէմօղլու 5 6 Acemoglu is the Turkified version of the Armenian last name Ajemian Աճէմեան Its root derives from the Arabic term ajam used for non Arabs especially Persians Most of Turkey s Armenians changed their last names due to the 1934 Surname Law His first name is the Western Armenian version of Taron a male given name from a historic region the middle of the roaders Daron Acemoglu and James Robinson 80 Daron Acemoglu a more centrist economist at MIT 81 Acemoglu who aligns more with the center than with the populists 82 Citations edit a b c d e f https economics mit edu sites default files 2022 08 Daron 20Acemoglu 20CV pdf 192 209 Authors opensyllabus org Open Syllabus Archived from the original on 21 September 2022 Arsaluys Acemoglu Milliyet in Turkish 14 May 1985 Archived from the original on October 13 2010 Kevork ve Irma Acemogullari Kamer Daron Acemoglu a b Acemoglu Kamer Daron 1992 Essays in microfoundations of macroeconomics contracts and macroeconomic performance Ph D British Library Board Archived from the original on 13 October 2017 Աճեմօղլու արաջին դիրքի վրայ Jamanak in Armenian 31 July 2015 Տարօն Աճէմօղլու Ստացաւ Կալաթասարայ Մրցանակը Asbarez in Armenian 28 June 2012 Archived from the original on 17 September 2017 Retrieved 16 September 2017 a b c Curriculum Vitae Daron Acemoglu economics mit edu Massachusetts Institute of Technology Archived from the original on 2021 07 28 Retrieved 2017 09 16 archived Sorman Guy 2013 Economics Does Not Lie A Defense of the Free Market in a Time of Crisis Encounter Books p 31 ISBN 978 1594032547 Daron Acemoglu an Armenian from Turkey a b Istanbul born MIT professor named world s most influential economist Hurriyet Daily News 31 July 2015 Archived from the original on 26 September 2021 Daron Acemoglu dunyanin en onemli 10 iktisatcisindan biri Agos in Turkish 28 October 2013 Archived from the original on 8 September 2017 a b c Daron Acemoglu Named Most Influential Economist Armenian Weekly 7 August 2015 Archived from the original on 8 March 2021 a b c d Gavin Robert 15 June 2005 MIT professor named top economist under 40 The Boston Globe archived Daron Acemoglu kimdir Kac yasinda nereli meslegi ne Prof Dr Daron Acemoglu nun hayati ve biyografisi haberler com in Turkish Archived from the original on 20 August 2021 Ilkogrenimini Istanbul Kadikoy deki Aramyan Uncuyan Ermeni Ilkokulu nda tamamladiktan a b Tarjimanyan Arman 2 April 2015 Տարոն Աճեմօղլու Արտագաղթը սարսափելի վտանգ է Հայաստանի համար azatutyun am in Armenian Radio Free Europe Radio Liberty via Voice of America Archived from the original on 28 December 2019 Ծնվել ու մեծացել եմ հայկական ընտանիքում ավարտել Ստամբուլի հայկական տարրական դպրոցը և իհարկե ինձ միշտ հետաքրքրել են տնտեսական քաղաքական և սոցիալական զարգացումները Հայաստանում ասաց պրոֆեսորը Galatasaray Odulu Daron Acemoglu na Agos in Turkish 16 December 2011 Archived from the original on 17 March 2020 a b c d e Faculty amp Research Daron Acemoglu mit edu Archived from the original on 9 September 2017 a b Daron Kamer Acemoglu genealogy ams org Mathematics Genealogy Project Department of Mathematics North Dakota State University Archived from the original on 2017 11 08 a href Template Cite web html title Template Cite web cite web a CS1 maint bot original URL status unknown link Shimer 2007 p 191 Kling Arnold 3 October 2007 Acemoglu on Growth Library of Economics and Liberty a b c d Daron Acemoglu BBVA Foundation Frontiers of Knowledge Award 2016 Archived from the original on 2017 11 04 Examples of Acemoglu speaking Turkish Ozgurluk ve Ekonomik Buyume Daron Acemoglu ve Gonenc Gurkaynak Konferansi YouTube in Turkish 19 December 2014 Archived from the original on 2021 09 24 CEO Club Toplantisi Daron Acemoglu Global Ekonomi 2016 in Turkish Capital Dergisi 15 April 2016 Archived from the original on 2021 09 24 a b Հայաստանը թեւակոխեց զարգացման նոր փուլ Տարոն Աճեմօղլու Armenia entered a new stage of development Daron Acemoglu in Armenian Voice of America Armenian Service May 31 2018 Archived from the original on 4 January 2023 Retrieved 4 January 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint bot original URL status unknown link Hardesty Larry 18 June 2013 Gaming the System MIT Technology Review Ozdaglar and her husband the MIT economist Daron Acemoglu Asuman Ozdaglar National Bureau of Economic Research Asuman Ozdaglar Google Scholar Archived from the original on 2020 10 13 Retrieved 2017 11 10 Political Institutions and Comparative Development nber org National Bureau of Economic Research Archived from the original on 15 September 2017 a b c d e Willson Simon March 2010 Breacher of the Peace Finance amp Development 47 1 1 4 Archived from the original on 16 October 2017 Alt URL a b Mallard Graham 2012 The Economics Companion Palgrave Macmillan p 265 ISBN 9780230356450 a b c Dizikes Peter July 10 2019 Daron Acemoglu named Institute Professor news mit edu MIT News Office Archived from the original on 11 July 2019 Bingham Emma 2 June 2016 MIT s highest pay goes to administrators MITIMCo leadership The Tech Archived from the original on 17 September 2017 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link Current Fellows www econometricsociety org Retrieved 2024 01 23 Member Directory American Academy of Arts and Sciences www amacad org Retrieved 2024 01 23 Member Search www nasonline org Retrieved 2024 01 23 Daron Acemoglu cifar ca Daron Acemoglu nber org National Bureau of Economic Research Past Editors and Co editors of Econometrica econometricsociety org Econometric Society Archived from the original on 2016 11 30 a href Template Cite web html title Template Cite web cite web a CS1 maint bot original URL status unknown link a b c Daron Acemoglu Google Scholar Shimer 2007 pp 199 200 Daron Acemoglu cifar ca Canadian Institute for Advanced Research a b c d Clement Douglas 27 September 2011 Interview with Daron Acemoglu Federal Reserve Bank of Minneapolis Archived from the original on 17 September 2017 Retrieved 16 September 2017 archived a b Johnson Simon 8 March 2012 The Koch Brothers the Cato Institute and Why Nations Fail The New York Times Dzionek Kozlowska Joanna Matera Rafal October 2015 New Institutional Economics Perspective on Wealth and Poverty of Nations Concise Review and General Remarks on Acemoglu and James A Robinson s Concept Annals of the Alexandru Ioan Cuza University Economics 62 1 11 18 doi 10 1515 aicue 2015 0032 inactive 2024 02 12 a href Template Cite journal html title Template Cite journal cite journal a CS1 maint DOI inactive as of February 2024 link Keefer Philip Knack Stephen 2005 Social capital social norms and the New Institutional Economics Handbook of New Institutional Economics pp 700 725 Introductory Reading List New Institutional Economics coase org Ronald Coase Institute Archived from the original on 25 December 2019 Retrieved 11 January 2020 Why Nations Fail Acknowledgments p 209 Two people played a particularly significant role in shaping our views and encouraging our research and we would like to take this opportunity to express our intellectual debt and our sincere gratitude to them Joel Mokyr and Ken Sokoloff Wilkinson Will 10 May 2016 The Great Enrochment and Social Justice Niskanen Center Douglass North and his followers such as Daron Acemoglu and James Robinson a b Dewan Torun Shepsle Kenneth A July 2008 Recent Economic Perspectives on Political Economy Part II British Journal of Political Science 38 3 543 564 doi 10 1017 S0007123408000276 PMC 3630075 PMID 23606754 Seymour Martin Lipset and Barrington Moore for example have clearly influenced Acemoglu and Robinson and other contributors to the literature on redistribution Economic Origins of Dictatorship and Democracy Cambridge University Press Wacziarg Romain 15 September 2006 Determinants of Democratization Science 313 5793 1576 1577 doi 10 1126 science 1131936 JSTOR 20031295 S2CID 154213515 Drazen Allan February 2007 Review Four Reviews of Economic Origins of Dictatorship and Democracy The Economic Journal 117 517 F162 F183 doi 10 1111 j 1468 0297 2007 02031 1 x JSTOR 4625479 e g p 143 a b Radelet Steven 12 October 2012 Why Nations Fail by Daron Acemoglu and James A Robinson United States Agency for International Development Archived from the original on 16 September 2017 p 150 Creating economic wealth The big why The Economist a b Friedman Thomas L 31 March 2012 Why Nations Fail The New York Times Collier Paul 11 March 2012 Why Nations Fail by Daron Acemoglu and James Robinson review The Guardian Hunter Janet 31 August 2012 Book Review Why Nations Fail the Origins of Power Prosperity and Poverty by Daron Acemoglu amp James A Robinson London School of Economics Bass Warren 20 April 2012 Book review Why Nations Fail by Daron Acemoglu and James A Robinson The Washington Post Crook Clive 4 April 2012 Why Nations Fail Is Not Quite as Good as They Say Bloomberg News Archived from the original on 27 October 2017 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link Sachs Jeffrey 2012 Government Geography and Growth The True Drivers of Economic Development Foreign Affairs 91 5 142 150 JSTOR 41720868 Gates Bill 26 February 2013 Good Ideas but Missing Analysis gatesnotes com R A 6 March 2013 Institutions matter a lot The Economist Daron Acemoglu and James A Robinson The Narrow Corridor States Societies and the Fate of Liberty New York Penguin 2019 Daron Acemoglu and Simon Johnson Power and Progress Our Thousand Year Struggle Over Technology and Prosperity New York PublicAffairs 2023 Daron Acemoglu and Simon Johnson Power and Progress Our Thousand Year Struggle Over Technology and Prosperity New York PublicAffairs 2023 Ch 11 Acemoglu Daron January 2001 Good Jobs versus Bad Jobs Journal of Labor Economics 19 1 1 21 CiteSeerX 10 1 1 687 4806 doi 10 1086 209978 JSTOR 10 1086 209978 S2CID 2316641 Acemoglu Daron Pischke Jorn Steffen 2003 Minimum Wages and On the job Training PDF Vol 22 pp 159 202 doi 10 1016 S0147 9121 03 22005 7 hdl 1721 1 63851 ISBN 978 0 7623 1026 5 ISSN 0147 9121 a href Template Cite book html title Template Cite book cite book a journal ignored help Acemoglu Daron Naidu Suresh Restrepo Pascual Robinson James A March 2014 Democracy Does Cause Growth NBER Working Paper No 20004 doi 10 3386 w20004 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Acemoglu Daron Naidu Suresh Restrepo Pascual Robinson James A December 2013 Democracy Redistribution and Inequality NBER Working Paper No 19746 doi 10 3386 w19746 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Acemoglu Daron Aghion Philippe 2001 Deunionization technical change and inequality Carnegie Rochester Conference Series on Public Policy 55 229 264 doi 10 1016 s0167 2231 01 00058 6 S2CID 17495766 Archived from the original on 2018 08 10 Retrieved 2017 11 24 Acemoglu Daron Robinson James A 2013 Economics versus Politics Pitfalls of Policy Advice Journal of Economic Perspectives 27 2 173 192 doi 10 1257 jep 27 2 173 hdl 1721 1 82599 Archived from the original on 2020 01 25 Retrieved 2019 12 01 a b Acemoglu Daron Robinson James A Verdier Thierry October 2012 Can t We All Be More Like Scandinavians Asymmetric Growth and Institutions in an Interdependent World National Bureau of Economic Research doi 10 3386 w18441 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Acemoglu Daron 20 October 2015 A Scandinavian U S Would Be a Problem for the Global Economy The New York Times Will everyone be worse off if the United States turns social democratic Lane Kenworthy 2012 09 29 Retrieved 2020 10 17 Acemoglu Daron Johnson Simon Robinson James A June 2000 The Colonial Origins of Comparative Development An Empirical Investigation Working Paper Series National Bureau of Economic Research doi 10 3386 w7771 Retrieved 12 March 2022 This quote is from a subsequent abstract appearing before page 1 to their article but NOT in the abstract to their original article a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Acemoglu Daron Johnson Simon Robinson James A 2001 The Colonial Origins of Comparative Development An Empirical Investigation The American Economic Review 91 5 1369 1401 CiteSeerX 10 1 1 475 6366 doi 10 3386 w7771 JSTOR 2677930 Levitt Steven D 20 April 2012 Acemoglu and Robinson Answer Your Questions Freakonomics Archived from the original on 6 November 2017 Acemoglu Daron Simon Johnson James A Robinson and Pierre Yared Income and Democracy American Economic Review 98 3 2008 808 42 Daron Acemoglu and James Robinson Non Modernization Power Culture Trajectories and the Dynamics of Political Institutions Annual Review of Political Science 25 1 2022 323 339 p 324 1 McCloskey Deirdre January 2015 It was ideas and ideologies not interests or institutions which changed in Northwestern Europe 1600 1848 Journal of Evolutionary Economics 25 1 57 doi 10 1007 s00191 015 0392 x S2CID 154238344 Edsall Thomas B 28 January 2014 Capitalism vs Democracy The New York Times a b c Keller Bill 22 December 2013 Inequality for Dummies The New York Times Abrams Paul 5 June 2012 Romney Ryan s Why Nations Fail Economy vs Obama s Built to Last Economy HuffPost Acemoglu Daron Johnson Simon 15 August 2017 It s Time to Found a New Republic Foreign Policy a b Is democratic socialism the right path for America CNN 28 October 2015 archived a b Acemoglu Daron 5 January 2009 The Crisis of 2008 Lessons for and from Economics Hoover Institution Shea Christopher 24 September 2008 Anti bailout economists The Boston Globe a b c Roell Sophie December 2011 The best books on Inequality recommended by Daron Acemoglu a href Template Cite book html title Template Cite book cite book a website ignored help a b Korones Sarah 2 April 2012 Q amp A Daron Acemoglu economist on why nations fail ZDNet Archived from the original on 13 October 2017 a b Acemoglu Daron 18 January 2017 We Are the Last Defense Against Trump Foreign Policy Archived from the original on 8 November 2017 Acemoglu Daron Robinson James A 11 March 2012 The Problem With U S Inequality HuffPost cached Over 600 Economists Sign Letter In Support of 10 10 Minimum Wage Economic Policy Institute 14 January 2014 Archived from the original on 9 October 2017 Schiller Ben 17 February 2017 Economists Are Not Very Enthusiastic About The Idea Of A Universal Basic Income Fast Company Archived from the original on 7 November 2017 Acemoglu Daron June 7 2019 Why Universal Basic Income Is a Bad Idea Project Syndicate Why Universal Basic Income is a Bad Idea by Daron Acemoglu 7 June 2019 Giridharadas Anand 26 August 2011 For Libya a Light Hand May Be Best The New York Times Drug Use Policies Initiative on Global Markets 12 December 2011 A Letter of Support From the Academic Community Yes on Amendment 64 Colorado Campaign to Regulate Marijuana Like Alcohol 2012 Archived from the original on March 4 2013 Retrieved February 28 2013 Jiang Jess 26 February 2016 Economists On Candidates Proposals Mostly Bad NPR a b c Edsall Thomas B April 24 2019 Bernie Sanders Scares a Lot of People and Quite a Few of Them Are Democrats The New York Times Acemoglu Daron Robinson James A 2015 The Rise and Decline of General Laws of Capitalism Journal of Economic Perspectives 29 1 3 28 CiteSeerX 10 1 1 687 2487 doi 10 1257 jep 29 1 3 hdl 1721 1 113636 S2CID 14001669 Archived from the original on 2017 02 13 a href Template Cite journal html title Template Cite journal cite journal a CS1 maint bot original URL status unknown link Sauga Michael 12 October 2019 Political Economist Daran Acemoglu Trump Poses a Great Risk to U S Democracy Der Spiegel Freeland Chrystia 1 March 2012 Dignity and the Wealth of Nations The New York Times Acemoglu Daron Robinson James A 2012 03 21 Will China Rule the World HuffPost Archived from the original on 6 November 2017 Laidler John 28 April 2015 Understanding Turkey Harvard Gazette Harvard University Archived from the original on 15 September 2017 Inside Turkey s Economy Interview with Daron Acemoglu GEDProject Bertelsmann Stiftung 22 August 2016 Archived from the original on 2021 09 24 11 40 The overall sort of unwillingness to come to grips with this sort of multiethnicity has of course characterized much of the Republican period Freeland Chrystia 6 June 2013 The perils of authoritarian overreaction The Globe and Mail Acemoglu Daron 5 June 2013 Development Won t Ensure Democracy in Turkey The New York Times Acemoglu Daron 22 May 2014 The Failed Autocrat Despite Erdogan s Ruthlessness Turkey s Democracy Is Still on Track Foreign Affairs archived Erciyes Cem December 30 2019 How will Turkey enter the Narrow Corridor Gazete Duvar Acemoglu s Advice to Armenia Abolish the Oligarchy civilnet am 24 October 2013 Archived from the original on 17 September 2017 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link Balyan Varduhi 22 September 2016 Acemoglu ndan Ermenistan ve Diaspora yorumu Agos in Turkish Archived from the original on 16 September 2017 Daron Acemoglu Armenia s Problems Within Its Own Political System civilnet am 10 April 2017 Archived from the original on 17 September 2017 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link Acemoglu Daron 14 March 2014 Ukraine s legacy of serial oligopoly The Globe and Mail Greece Initiative on Global Markets 24 February 2015 Kurtaran Gokhan 4 August 2015 EU needs political and economic integration Acemoglu Anadolu Agency Gurcanli Zeynep 30 March 2011 Ilk Ermeni kokenli Turk buyukelci Paris e Hurriyet in Turkish Archived from the original on 16 September 2017 Duven Alparslan 30 March 2011 Paris e Ermeni asilli Buyukelci atanacak iddiasi in Turkish Dogan News Agency Archived from the original on 16 September 2017 Moraitis Stratos 30 March 2011 Ethnic Armenian in Turkey rejects diplomatic post Greek Reporter Archived from the original on 16 September 2017 Armenian Declines Davutoglu Appointment Asbarez 30 March 2011 Kilicdaroglu Kemal October 11 2022 ABD deki vizyon programimiz kapsaminda dunyaca unlu ekonomist Daron Acemoglu ile bir araya geldik Twitter in Turkish Archived from the original on 6 December 2022 Kemal Kilicdaroglu Daron Acemoglu ile gorustu Gazete Duvar 11 October 2022 Archived from the original tr on 23 October 2022 Turkish main opposition leader unveils new vision to overcome economic crisis Structural changes needed duvarenglish com Duvar 3 December 2022 Archived from the original on 4 December 2022 Turkish pro gov t columnist targets economist Acemoglu says I am his master Duvar December 5 2022 Archived from the original on 6 December 2022 CHP nin yeni ekonomi danismanlarindan Daron Acemoglu Ermenistan in ekonomik krizini cozememisti Yeni Safak in Turkish 4 December 2022 Archived from the original on 6 December 2022 Հենց նոր հեռախոսազրույց ունեցա հայազգի աշխարհահռչակ տնտեսագետ Դարոն Աճեմօղլուի հետ in Armenian Nikol Pashinyan on Facebook 13 May 2018 Archived from the original on 2022 02 26 Economist Daron Acemoglu to Advise Armenian Government Says PM Pashinyan Hetq 13 May 2018 Nikol Pashinyan holds videoconference with Daron Acemoglu primeminister am Prime Minister of Armenia 11 June 2018 We had an interesting discussion with Professor Daron Acemoglu and entrepreneur Noubar Afeyan in Boston The socio economic situation in Armenia investments new jobs public administration reform women empowerment were among the topics discussed AvinyanTigran on Twitter July 22 2019 Archived from the original on 13 April 2022 Arkun Aram August 1 2019 Deputy Prime Minister Avinyan Speaks at Armenian Business Network Cambridge Event Armenian Mirror Spectator Top 10 Authors Last 10 Years Publications as of September 2015 ideas repec org Archived from the original on 5 September 2015 Davis William L Figgins Bob Hedengren David Klein Daniel B May 2011 Economics Professors Favorite Economic Thinkers Journals and Blogs along with Party and Policy Views PDF Econ Journal Watch 8 2 139 archived The FP Top 100 Global Thinkers Foreign Policy 23 November 2010 p 92 JSTOR 29764933 Clark Tom January 24 2024 Daron Acemoglu the opportunity economist Prospect Magazine Archived from the original on 24 January 2024 Why Nations Fail The Origins of Power Prosperity and Poverty Barnes amp Noble Pilling David 30 September 2016 Crash and learn should we change the way we teach economics Financial Times Archived from the original on 2022 12 11 Sonin Konstantin 6 October 2015 Predictions for the 2015 Nobel Prize Higher School of Economics Archived from the original on 20 August 2021 1 Daron Acemoglu MIT and James Robinson University of Chicago for their research on the role of institutions in economic development Kihara David 6 October 2016 NYU accidentally announces one of its professors wins Nobel Prize Politico Archived from the original on 20 July 2021 Some other economists who have been touted as possible Nobel winners include William Baumol William Nordhaus Esther Duflo and Daron Acemoglu Paul Romer and William Nordhaus why they won the 2018 economics Nobel The Conversation October 8 2018 Archived from the original on 20 August 2021 Other economists followed this line of thinking Robert Barro Daron Acemoglu Philippe Aghion all prize candidates for a few years now Smith Noah October 11 2019 Five Economists Whose Work Is Worthy of a Nobel BloombergQuint Archived from the original on 20 August 2021 No 5 Daron Acemoglu Clarivate Reveals Citation Laureates 2022 Annual List of Researchers of Nobel Class London Clarivate September 21 2022 Archived from the original on 3 October 2022 Economics Daron Acemoglu For far reaching analysis of the role of political and economic institutions in shaping national development Shimer 2007 John von Neumann Award Rajk Laszlo College for Advanced Studies Archived from the original on 2014 12 15 Retrieved 2018 08 12 2007 Daron Acemoglu MIT Tremmel Pat Vaughan 16 April 2012 Nemmers Prizes Announced northwestern edu Archived from the original on 16 June 2021 Daron Acemoglu earns the Frontiers of Knowledge award for proving the influence of institutions over economic development bbva com 21 February 2017 Archived from the original on 18 October 2020 Dizikes Peter 21 February 2017 Daron Acemoglu wins BBVA Foundation Frontiers of Knowledge Award news mit edu MIT News Office Archived from the original on 5 June 2021 Daron Acemoglu talk amp prize Toulouse School of Economics 3 October 2018 2018 Jean Jacques Laffont prize jjlaffont org L Association Jean Jacques Laffont The Narrow Corridor to Liberty Daron Acemoglu civilnet am 16 February 2019 Archived from the original on 11 July 2019 Professor Daron Acemoglu FBA thebritishacademy ac uk British Academy Archived from the original on 23 November 2021 2013 Presidential Culture and Arts Grand Awards conferred Anadolu Agency 24 December 2013 Bilkent Honorary Doctorate Conferred Upon Daron Acemoglu bilkent edu tr 7 September 2015 Archived from the original on 19 September 2018 Retrieved 16 September 2017 Professor Daron Acemoglu Honorary Degree Public Lecture and Workshop bath ac uk 21 March 2017 Daron Acemoglu carnegie org Carnegie Corporation of New York Archived from the original on 20 March 2019 Sources edit Shimer Robert 2007 Daron Acemoglu 2005 John Bates Clark Medalist Journal of Economic Perspectives 21 1 191 208 doi 10 1257 jep 21 1 191 JSTOR 30033707 Retrieved from https en wikipedia org w index php title Daron Acemoglu amp oldid 1206542090, wikipedia, wiki, book, books, library,

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