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Nobel Economics Prize awarded for research into differences in prosperity between nations

Economy Daron Acemoglu Simon Johnson the Royal Swedish Academy of Sciences

Representational image

Stockholm: The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity."

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity.

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