The three American researchers Daron Acemoglu, Simon Johnson and James A. Robinson will receive this year’s Nobel Prize in Economics for their research into the reasons for different levels of prosperity in different countries.
The Nobel Prize Committee announced this on Monday in Stockholm. The richest 20 percent of countries are about 30 times richer than the poorest 20 percent. The researchers have provided explanations as to why this is the case.
The prize, rightly called the ‘Alfred Nobel Memorial Prize for Economic Sciences’, is considered one of the Nobel Prizes, although it does not go back to the will of the dynamite inventor and prize donor Alfred Nobel, but was donated by the Swedish Riksbank.
Prize winners also receive ‘real’ prize money
The winners receive the same prize money as the ‘real’ Nobel Prizes, namely 11 million Swedish crowns (970,000 euros) per category. And the prize has not been awarded since 1901, but only since 1969. Friedrich Hayek, born in Vienna, was the only Austrian winner in this category in 1974.
Source: Krone
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