Daron Acemoglu, Simon Johnson and James Robinson have been awarded the 2024 Nobel memorial prize in economics for their influential work on how institutions shape economic development. Some would say the decision to award these scholars the Nobel was long overdue.

Turkish Armenian economist Daron Acemoglu has been awarded the Nobel Prize in economic sciences. Acemoglu, a professor at the Massachusetts Institute of Technology, was honored alongside Simon Johnson from MIT and James A.

STOCKHOLM - The Nobel Prize in economics was awarded to three Americans Monday for their research into why some countries succeed and others fail. Two of the three economists are professors at the Massachusetts Institute of Technology in Cambridge.

Daron Acemoglu and Simon Johnson work at the Massachusetts Institute of Technology, while James A. Robinson conducts his research at the University of Chicago.

Daron Acemoglu, Simon Johnson, and James A Robinson received the Nobel Prize in Economics for studying how institutions shape prosperity. The Indian l

Three economists won this year’s Nobel Prize in Economic Sciences for their studies of how institutions are formed and affect prosperity.

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Economic historians get a win, in that Acemoglu, Johnson, and Robinson’s most famous work was on historical processes of development in former colonies. Lefties win, in that Acemoglu has of late become a vocal proponent of policies to expand worker power and has mused about the possibility of “AI-enabled communism.