The Swedish Academy has rewarded these three American economists ‘for their research into how institutions are created and how they influence prosperity’.
The Americans Daron Acemoglu, Simon Johnson and James A. Robinson have been awarded the Nobel Prize in Economics in 2024 “for their research into how institutions are formed and how they influence prosperity”, the Royal Swedish Academy of Sciences announced on Monday.
The Nobel Prize in Economics is not part of Alfred Nobel’s legacy, as it was established in 1968 by the Riksbanken, the Swedish central bank, to coincide with the entity’s 300th anniversary, and was first awarded in 1969, in honor of the Norwegian Ragnar Frisch and the Dutchman Jan Tinbergen.
The full prize amount in 2024 will total 11 million Swedish kronor (969,140 euros).
Source: EITB
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