INSUBCONTINENT EXCLUSIVE:
Daron Acemoglu, Simon Johnson, James Robinson win Economic Nobel Prize 2024 | Photo: X3 min read Last Updated : Oct 14 2024 | 4:01 PM
IST
The Royal Swedish Academy of Sciences on Monday announced that the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of
Alfred Nobel has been awarded to economists Daron Acemoglu, Simon Johnson, and James A Robinson
different political and economic systems, particularly those established during colonialism, have had long-lasting effects on the prosperity
Their work has developed theoretical frameworks to explain why certain institutions endure over time and how they can evolve, shedding light
on the persistent income gaps between countries, the academy said in awarding the prize.Click here to connect with us on
the prize in Economic Sciences.
Daron Acemoglu
Daron Acemoglu, a Turkish American economist of Armenian heritage, has been a professor
at the Massachusetts Institute of Technology (MIT) since 1993
His research spans multiple fields, including political economy, macroeconomics, and development economics
Acemoglu is widely known for his influential work, co-authoring books such as The Narrow Corridor and Why Nations Fail with James
Robinson.
Simon Johnson
Simon Johnson, a British American economist, is currently the Ronald A Kurtz Professor of Entrepreneurship at
the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics
He has held notable positions, including chief economist at the International Monetary Fund (IMF) from 2007 to 2008
Robinson, a British economist and political scientist, is a professor of global conflict studies at the Harris School of Public Policy,
He also directs The Pearson Institute for the Study and Resolution of Global Conflicts
He has authored several books, including Why Nations Fail, with Acemoglu.
Nobel Prize in Economic Sciences
The Nobel Prize in Economic
Sciences was established in 1968 in memory of Alfred Nobel
It is awarded alongside the traditional Nobel Prizes in fields such as Physics, Chemistry, and Peace
participation in the labour market
Goldin became the third woman to receive the Nobel Prize in Economic Sciences.
The laureates will share a monetary award of 11 million
Swedish kronor (approximately one million US dollars), funded by a bequest from Alfred Nobel.First Published: Oct 14 2024 | 4:00 PMIST
