Daron Acemoglu, Simon Johnson, and James A. Robinson
The disparity in prosperity between nations and the role of social institutions in it
Exploitative institutions and societies governed by poor laws do not foster growth or progress
These economists demonstrated how institutions shape prosperity
Their research showed that better social institutions pave the way for economic development
Acemoglu and Johnson: Massachusetts Institute of Technology (MIT)
University of Chicago
This award was established in 1968 by the Bank of Sweden in memory of Alfred Nobel
Stockholm, October 14, 2024.