Nobel Prize Goes to Economists Studying Europe’s Colonial Legacy
- Acemoglu, Johnson and Robinson will share award between them
- Their research focuses on how institutions affect prosperity
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The long-lasting impact of Europe’s former empires on growth forms the basis of research by three US-based academics who will share the 2024 Nobel Prize in economics.
Daron Acemoglu and Simon Johnson — a former chief economist at the International Monetary Fund — along with James A. Robinson, were praised for their analysis of how prosperity can come about, and the importance of institutions in that process.