ANKARA. – Turkey-based Galatasaray Alumni Union, established by the Turkish famous Galatasaray Lyceum graduates, awarded famous Istanbul-Armenian economist Daron Acemoglu.

Since 1908 each year the Union awards the citizens who brought a great benefit to Turkey with their international activity, statement on the Union’s webpage reads.

“The Union decided to grant the Galatasaray reward to Istanbul-Armenian Acemoglu, who has its unique place in the world economy,” the statement reads.

Acemoglu was born in Istanbul, Turkey. He graduated from the Galatasaray High School in Istanbul in 1986. He got his B.Sc. degree from the University of York, UK and his M.Sc. degree in Econometrics and Mathematical Economics and then his Ph.D. degree in 1992 from the London School of Economics. He is currently Professor of Applied Economics at Massachusetts Institute of Technology and winner of the 2005 John Bates Clark Medal. He is the 8th among most cited 20 economists in the world according to IDEAS/RePEc. In comparison, Nobel Prize winner Paul Krugman is the 13th.