Nobel Prize in economics awarded to Acemoglu, Johnson and Robinson

STOCKHOLM –
Daron Acemoglu, Simon Johnson and James Robinson received the 2024 Nobel economics prize “for research of how establishments are fashioned and have an effect on prosperity”, the Royal Swedish Academy of Sciences stated on Monday.

The prestigious award, formally often known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the ultimate prize to be given out this yr and is price 11 million Swedish crowns ($1.1 million).

“Reducing the huge variations in revenue between nations is one in all our time’s best challenges. The laureates have demonstrated the significance of societal establishments for reaching this,” stated Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences.