In a significant show of support for Kamala Harris’s presidential campaign, 23 Nobel laureates in economics, including renowned economist Daron Acemoglu, have publicly endorsed her candidacy. The group, representing over half of the living U.S. recipients of the Nobel Prize in economics, signed a letter outlining their belief that Harris’s economic policies hold the key to a stronger and more equitable economic future for the nation.
The letter, released on Wednesday, emphasizes the stark contrast between Harris’s economic plan and that of former President Donald Trump. The Nobel laureates argue that Harris’s approach will result in robust, sustainable, and equitable economic growth, leading to significant improvements in the nation’s health, investment, and employment opportunities. In contrast, they criticize Trump’s economic policies as counterproductive and detrimental to long-term economic prosperity.
Acemoglu, a prominent figure in the field of economics, shared the news of the endorsement on X (formerly Twitter), highlighting the collective support for Harris’s economic agenda. The letter, obtained by CNN, explicitly states that Harris’s economic plan is “vastly superior” to Trump’s, signaling a strong belief in the potential of her policies to drive positive economic change.
This endorsement underscores the crucial role of economic policy in the upcoming presidential election. While some, like Steve Schwarzman, CEO of Blackstone Inc., express confidence in the U.S. economy’s ability to avoid a recession regardless of the election outcome, the debate surrounding the economic implications of each candidate’s policies remains intense.
Earlier in October, a survey of economists revealed that they anticipate higher inflation and deficits under a Trump administration compared to a Harris administration. This further highlights the differing perspectives on the potential economic outcomes of each candidate’s policies.
The endorsement from such a distinguished group of economists, including a Nobel laureate like Daron Acemoglu, carries significant weight and is likely to influence the public discourse surrounding economic policy in the upcoming election. It serves as a clear statement that the economic agenda is a critical factor for many voters, and that the choice between candidates has substantial economic implications for the future of the nation.
