U.S.-based academics Daron Acemoglu, Simon Johnson and James Robinson won the 2024 Nobel economics prize "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday. The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of…

STOCKHOLM: US-based academics Daron Acemoglu, Simon Johnson and James Robinson won the 2024 Nobel economics prize "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday (Oct 14). The prestigious award, formally known as the Sveriges Riksbank

The Royal Swedish Academy of Sciences awarded the 2024 Nobel Prize in Economic Sciences, also known as the Sveriges Riksbank Prize, to Daron Acemoglu, Simon Johnson, and James A. Robinson for their work on the impact of institutions on a country’s economic prosperity.

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity

The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research into differences in prosperity between nations

STOCKHOLM, OCTOBER 14: The Nobel memorial prize in Economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A Robinson for research into

While announcing the award, Jakob Svensson, the chairman of the economics prize committee, said: "Reducing the huge differences in income between countries is one of our times' greatest challenges." The economists' "groundbreaking research" has given us a "much deeper understanding of the root causes of why countries fail or succeed."

Three US-based academics won the 2024 Nobel economics prize for research that explored the aftermath of colonisation to understand why global inequality persists today, especially in countries dogged by corruption and dictatorship.