The 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel—commonly referred to as the Nobel Prize in Economics—was awarded to three distinguished economists: Daron Acemoglu, Simon Johnson, and James Robinson.

Valued at 11 million Swedish crowns (approximately $1 million or €950,000), the prize was conferred by the Royal Swedish Academy of Sciences in recognition of their research on how institutions are created and how they influence economic prosperity (Ricciuti).

Their groundbreaking work sheds light on why some nations achieve higher per capita incomes while others face persistent economic difficulties, highlighting the crucial role of strong institutions in fostering sustainable growth and social stability.

Daron Acemoglu

Born 1967 in Istanbul, Türkiye. PhD 1992 from London School of Economics and Political Science, UK. Professor at Massachusetts Institute of Technology, Cambridge, USA.

Simon Johnson

Born 1963 in Sheffield, UK. PhD 1989 from Massachusetts Institute of Technology, Cambridge, USA. Professor at Massachusetts Institute of Technology, Cambridge, USA.

James A. Robinson

Born 1960. PhD 1993 from Yale University, New Haven, CT, USA. Professor at University of Chicago, IL, USA.

“for studies of how institutions are formed and affect  in prosperity”

More details>>> https://www.nobelprize.org/prizes/economic-sciences/2024/press-release/