Prize Winners

Daron Acemoglu, Simon Johnson, and James A. Robinson

Main Focus of Research

The disparity in prosperity between nations and the role of social institutions in it

Key Findings

Exploitative institutions and societies governed by poor laws do not foster growth or progress

Reason for Recognition

These economists demonstrated how institutions shape prosperity

Nobel Committee's Remarks

Their research showed that better social institutions pave the way for economic development

Affiliations

Acemoglu and Johnson: Massachusetts Institute of Technology (MIT)

Robinson

University of Chicago

History of the Prize

This award was established in 1968 by the Bank of Sweden in memory of Alfred Nobel

Announcement of the Prize

Stockholm, October 14, 2024.