MIT Economics professors Daron Acemoglu and Simon Johnson, along with University of Chicago political scientist James Robinson, have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences for their groundbreaking research on the relationship between political systems and economic growth. Their long-term collaboration has shown that inclusive governments, which prioritize individual rights and the rule of law, foster greater economic activity and sustained technological innovation. This recognition of their work highlights the importance of promoting inclusive political institutions for long-term economic growth.
Harvard professors Daron Acemoglu, Simon Johnson, and James A Robinson have been awarded the Nobel Prize in Economics for their groundbreaking research on the importance of institutions in economic development. Through their work, they have challenged traditional theories and provided insights into how institutions can shape a country's economic growth and prosperity. Join us on our social media platforms for updates on this exciting announcement.