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Nobel Prize in economics 2024 awarded to trio for work on differences in prosperity between nations

  • A trio of economists received the Nobel Prize in economics for their studies about how institutions affect prosperity.
  • The Nobel Committee noted that poor institutions hinder growth in societies.
  • The laureates attribute differences in prosperity to the type of institutions formed during colonization.
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Analysis of inequality between countries, the role of institutions in economic development and growth, the effects of technological innovation on distribution and inequality are some of the theoretical contributions that earned Daron Acemoglu, Simon Johnson and James Robinson the Nobel Prize in Economics 2024. These are three economists who, in different academic and educational works, have researched different mechanisms in which institutions i…

·Buenos Aires, Argentina
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Portfolio.hu broke the news in on Monday, October 14, 2024.
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