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Nobel in Economics 2024
October 19 , 2024
45 days
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- The Nobel Memorial Prize in economics was awarded to Daron Acemoglu, Simon Johnson and James A Robinson for their research into differences in prosperity between nations.
- They 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.
- Acemoglu and Johnson work at the Massachusetts Institute of Technology while Robinson is a researcher at the University of Chicago.
- Even though this prize for economics is not technically a Nobel Prize, it has always been presented along with others.
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