Nobel Prize in Economics 2024

The Nobel Prize in Economics 2024 was awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson.

Research Focus: Their research focuses on how the nature of a country's institutions can affect its economic prosperity and poverty.

Key Findings: They demonstrated how inclusive institutions promote economic growth, while extractive institutions hinder development.

Significance: Their work provides insights into global inequality and helps explain why some nations remain poor while others grow wealthy. 

Publication: Their findings were notably discussed in their book "Why Nations Fail: The Origins of Power, Prosperity, and Poverty".