Acemoglu, Johnson, and Robinson Win 2024 Sveriges Riksbank Prize in Economics on October 14 for Studies of Institutions

Oct 14, 2024, 09:55 AM

The Norwegian Nobel Committee has awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson, and James A. Robinson. The trio received the prestigious prize for their research on how institutions are formed and their impact on prosperity. Their work has provided valuable insights into the differences in prosperity between nations and the importance of societal institutions in economic success. Acemoglu and Johnson are affiliated with the Massachusetts Institute of Technology (MIT), while Robinson is from the University of Chicago. The announcement was made on October 14, 2024.