Former Visiting Professor Daron Acemoğlu has been awarded this year's Nobel Memorial Prize in Economic Sciences, for research on global inequality.

We congratulate Professor Daron Acemoğlu on being awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024. Professor Acemoğlu shares the award with Professor James A Robinson and Oxford alumnus, Professor Simon Johnson (Corpus Christi College, PPE, 1984).

Economics Laureates Daron Acemoglu, Simon Johnson and James Robinson. Ill. Niklas Elmehed © Nobel Prize Outreach

Professor Acemoğlu, alongside Professors James A Robinson (MIT) and Simon Johnson (University of Chicago), was honoured 'for studies of how institutions are formed and affect prosperity'. More information about the laureates and their research can be found here.

In Trinity Term 2024, Professor Acemoğlu was awarded the Sanjaya Lall Visiting Professorship of Business and Development at the University of Oxford. The Professorship, created in 2011 to honour the memory and academic legacy of St John's alumnus, Professor Sanjaya Lall (1940-2005; PPE, 1960), has been associated with St John's since the 2023/24 academic year. Professor Acemoğlu delivered the the Sanjaya Lall Memorial Lecture in May 2024. In this lecture, Professor Acemoğlu challenged the idea that technological advancements lead naturally to greater prosperity and better lives.

We warmly congratulate the three laureates on their achievement.