Turkish Armenian economist Daron Acemoglu has been awarded the Nobel Prize in economic sciences. Acemoglu, a professor at the Massachusetts Institute of Technology, was honored alongside Simon Johnson from MIT and James A.

Their studies have shown the importance of giving people a real democratic voice for countries’ economic survival, the Nobel committee said.

Daron Acemoglu, Simon Johnson, and James Robinson win the 2024 Nobel Prize in Economics for their research into how institutions shape prosperity. Their work highlights the importance of inclusive governance and offers lessons for modern economies facing inequality and rapid technological change.