The 2024 Nobel Prize in Economic Sciences has been awarded jointly to Daron Acemoglu, Simon Johnson, and James A. Robinson for their groundbreaking research on the role of institutions in shaping economic prosperity. Their work explores how political and economic institutions influence the wealth and development of nations, helping to explain disparities in living standards across the globe.
Acemoglu, Johnson, and Robinson have extensively studied how institutions—such as laws, regulations, and governance structures—impact long-term economic performance. Their research offers valuable insights into why some countries achieve sustained growth while others remain trapped in poverty. They also provide guidance on designing policies that promote equitable and sustainable economic development.
This trio's work has contributed significantly to development economics and political economy, making their research crucial for policymakers and scholars focused on fostering economic growth and reducing inequality.
Acemoglu is a professor at MIT, Johnson is a professor at the MIT Sloan School of Management, and Robinson is a professor at the University of Chicago(NBER NobelPrize.org)
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