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The 2024 Nobel Prize in Economic Sciences has been awarded to three prominent U.S.-based economists—Daron Acemoglu, Simon Johnson, and James A. Robinson—for their groundbreaking research on the crucial role that societal institutions play in a nation’s economic prosperity. The trio will share the prestigious award, which recognizes their extensive work demonstrating that poor rule of law, corruption, and exploitative institutions hinder economic growth and prevent positive societal change.
The Royal Swedish Academy of Sciences announced the recipients during a formal presentation led by Secretary General Professor Hans Ellegren. "This year’s prize is awarded to. . .
