Turkish-American economist Daron Acemoglu wins joint Nobel Prize
Turkish-American Daron Acemoglu has become Turkey's third Nobel laureate.
ANKARA — The 2024 Nobel Memorial Prize in Economic Sciences has been awarded to Turkish-American MIT professor Daron Acemoglu and two other economists, Simon Johnson and James Robinson, for their work on the role of institutions in countries' success or failure.
The Royal Swedish Academy of Sciences published a statement on Monday explaining that the three US-based economists "have demonstrated the importance of societal institutions for a country’s prosperity."
"Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. The laureates’ research helps us understand why," it read.
"I am delighted; it is a real shock and amazing news," Acemoglu told the Nobel committee and journalists from Athens during a virtual press conference after the announcement.
