NEWS – Daron Acemoglu, Simon Johnson, and James A. Robinson won the Nobel Memorial Prize in Economics. Recognized for their research on differences in prosperity between nations.

HIGHLIGHTS

Research Focus

• Their work demonstrates the role of societal institutions in a nation’s prosperity.
• Societies with weak rule of law and exploitative institutions fail to generate growth or positive change.
• Their research offers insights into why certain nations struggle with economic development.

Affiliation of Awardees

• Daron Acemoglu and Simon Johnson are affiliated with the Massachusetts Institute of Technology (MIT).
• James A. Robinson is associated with the University of Chicago.

Nobel Memorial Prize in Economic Sciences

• Formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
• Established by Sweden’s central bank in 1968, as a tribute to Alfred Nobel.
• Although some purists argue it is not a true Nobel Prize, it is presented with other Nobel Prizes on December 10, Nobel’s death anniversary.