U.S. trio wins Nobel Prize in economic sciences for study of societal institutions' impact

14 Oct 2024, 12:45 by Clyde Hughes · UPI

Oct. 14 (UPI) -- Three U.S.-based economists were awarded the Nobel Prize in economic sciences Monday for their work examining how institutions are formed and their effect on prosperity.

Daron Acemoglu and Simon Johnson, both from the Massachusetts Institute of Technology, and James A. Robinson, from the University of Chicago, won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the committee said.