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Al Jazeera
Al Jazeera
World

US-based Acemoglu, Johnson and Robinson win 2024 Nobel economics prize

The work of this year’s laureates demonstrates the importance of societal institutions for a country’s prosperity, according to the academy [Christine Olsson/TT Sweden via EPA-EFE]

Daron Acemoglu, Simon Johnson and James Robinson have won the 2024 Nobel Prize in economics “for studies of how institutions are formed and affect prosperity”, the Royal Swedish Academy of Sciences says.

The award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded on Monday in Stockholm. It is the final prize to be given out this year and is worth 11 million Swedish kronor ($1.1m).

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