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.