Daron Acemoglu

Quick Facts

Full Name	Daron Acemoglu
Occupation	Economist
Date Of Birth	Sep 3, 1967(1967-09-03)
Age	57
Birthplace	Istanbul
Country	Turkey
Horoscope	Virgo

Daron Acemoglu Biography

Daron Acemoglu is one of the most popular and richest Economist who was born on September 3, 1967 in Istanbul, Turkey. Acemoglu believes his opinion that his view of the Republic of Turkey, formed in 1923 under the leadership of Ataturk, “is very continuous with the Ottoman Empire.” Although the transition between empire and republic produced certain positive developments, he claims that the model was retained by the reformers who became the rulers with a persistent concentrated power structure and economic growth. He believes that the Republican period was marked by an inability to recognize ethnic minorities. In 2014 , Acemoglu criticized the wide-spread anti-Armenian stance in Turkish textbooks and demanded that these books be removed from circulation.

Acemoglu has worked extensively in a variety of ways with James A. Robinson, an British political scientist since 1993. Acemoglu has described the collaboration as an “very productive relationship.” They’ve collaborated on numerous articles and books mostly focused on growing and the development of economics. They have also worked along with economics professor Simon Johnson.

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.”

Born to Armenian parents in Istanbul, Acemoglu completed his PhD at the London School of Economics (LSE) at 25. He lectured at LSE for a year before joining the MIT. 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 which are co-authored with his long-time collaborators Simon Johnson and James A. Robinson. With Robinson, he authored 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, prompted wide scholarly and media commentary. 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 taught of Economics at LSE from 1992 until 1993. He started lecturing at MIT beginning in 1993 and in the year following, he was named as Assistant Professor in Economics. He was awarded a tenure appointment at MIT in 1998 and elevated into full professor status in the year 2000. In 2004, he was named the Charles P. Kindleberger Professor of Applied Economics. Since 2010, Acemoglu is named the Elizabeth as well as the James Killian Professor of Economics at MIT. In July 2019 , he was appointed Institute Professor, the most prestigious honour given to faculty at MIT.

Daron Acemoglu Net Worth

Daron Acemoglu is one of the richest Economist from Turkey. According to our analysis, Wikipedia, Forbes & Business Insider, Daron Acemoglu 's net worth $5 Million. (Last Update: December 11, 2023)

Kamer Daron Acemoglu was born Istanbul, Turkey to Armenian parents on the 3rd of September 1967. He is the sole son of Kevork Acemoglu (1938-1988) who was who was a lecturer and commercial lawyer for Istanbul University, and Irma (d. 1991) the director of Aramyan Uncuyan An Armenian school located in the Kadikoy district. He was a student at the Armenian high school located situated in Istanbul after which he was a graduate of Galatasaray High School in 1986. He began to be fascinated by politics and economics when he was in the teen years. He graduated with a Master of Arts in economics from the University of York in 1989 as well as the Master of Science (in mathematical economics and economics) and his Ph.D. (in economics) from the London School of Economics (LSE) in the years 1990 and 1992 respectively. His doctoral dissertation was entitled “Essays in Microfoundations of Macroeconomics: Contracts and Economic Performance.” His advisor for his doctoral thesis was Kevin W. S. Roberts. James Malcomson, one of his doctoral examiners from the LSE told him that the weakest 3 chapters of the seven chapters in the thesis are “more than sufficient for the award of a PhD.”

Kamer Daron Acemoglu (Turkish”da’ron” adZe’mo’lu] born on 3 September 1967) is a born in Turkey. He is an American economics professor at Massachusetts Institute of Technology (MIT) since 1993. It is his current position as in the position of Elizabeth as well as the James Killian Professor of Economics at MIT. He was appointed Institute Professor in the year 2019.

“The Colonial Origins of Comparative Development”, co-written by Acemoglu, Robinson, Simon Johnson in 2001 is, by far, his most cited work. Graham Mallard described it as “excellent example of his work: an influential paper that has led to much debate.” 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 from former colonies.” According to Acemoglu and Robinson, the poverty of sub-Saharan Africa is a coincidence. Historical experience dominated by extractive institutions in these countries has created a vicious circle, which was exacerbated by the European colonization.

Height, Weight & Body Measurements

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Who is Daron Acemoglu Dating?

According to our records, Daron Acemoglu married to Asuman Özdağlar. As of December 1, 2023, Daron Acemoglu’s is not dating anyone.

Relationships Record : We have no records of past relationships for Daron Acemoglu. You may help us to build the dating records for Daron Acemoglu!

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

Facts & Trivia

Daron Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Turkey. Daron Acemoglu celebrates birthday on September 3 of every year.

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.

Top Facts about Daron Acemoglu

1. Daron Acemoglu is a prominent Turkish-American economist.
2. He was born on September 3, 1967, in Istanbul, Turkey.
3. Acemoglu is currently a professor at MIT (Massachusetts Institute of Technology).
4. He has made significant contributions to the field of political economy.
5. Acemoglu’s research focuses on the role of institutions in economic development.
6. In 2005, he co-authored the influential book “Why Nations Fail.”
7. Acemoglu has received numerous awards and honors for his work.
8. He is known for his rigorous analytical approach and empirical studies.
9. Acemoglu has published extensively in top economics journals.
10. His research has had a profound impact on understanding economic inequality.
11. Note: The information provided here may not be up-to-date as Daron Acemoglu’s career progresses over time.

Is Daron Acemoglu Armenian?

Kamer Daron Acemoğlu was born in Istanbul, Turkey to Armenian parents on September 3, 1967.

Why Nations Fail writer?

Authors

Why do nations fail in politics?

Drawing on decades of economic research, Why Nations Fail argues that political institutions — not culture, natural resources or geography — explain why some nations have gotten rich while others remain poor. A good example is North Korea and South Korea. Eighty years ago, the two were virtually indistinguishable.

Why Do Nations Fail summary?

1-Sentence-Summary: Why Nations Fail dives into the reasons why economic inequality is so common in the world today and identifies that poor decisions of those in political power are the main reason for unfairness rather than culture, geography, climate, or any other factor.

Is Why Nations Fail a good book?

Why Nations Fail is easy to read, with lots of interesting historical stories about different countries. It makes an argument that is appealingly simple: countries with “inclusive” (rather than “extractive”) political and economic institutions are the ones that succeed and survive over the long term.