The Royal Swedish Academy of Sciences announced on Monday that Daron Acemoglu, Simon Johnson, and James Robinson were the winners of the Nobel economics prize in 2024 “for studies of how institutions are formed and affect prosperity.”
The prestigious prize, which was previously known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last one that will be given out this year. It is worth 11 million Swedish crowns, which is equivalent to $1,1 million.
One of the greatest challenges of our time is reducing the vast income disparities between nations. According to Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences, the laureates have demonstrated the significance of societal institutions in achieving this.
The financial matters grant isn’t one of the first awards for science, writing and harmony made in the desire of explosive designer and money manager Alfred Nobel and first granted in 1901, however a later expansion laid out and supported by Sweden’s national bank in 1968.
Past champs incorporate a large group of powerful scholars like Milton Friedman, John Nash — played by entertainer Russell Crowe in the 2001 film “A Lovely Psyche” — and, all the more as of late, previous US Central bank Executive Ben Bernanke.
Claudia Goldin, an economic historian at Harvard, was awarded the prize the previous year for her research into the factors that contribute to gender differences in wage and employment opportunities.
The financial matters prize has been overwhelmed by US scholastics since its commencement, while US-based specialists likewise will generally represent a huge piece of champs in the logical fields for which 2024 laureates were declared the week before.
On Monday, US scientists Victor Ambros and Gary Ruvkun were awarded the prize for medicine. On Friday, Japan’s Nihon Hidankyo, a group of Hiroshima and Nagasaki survivors who advocated for the abolition of nuclear weapons, was awarded the prize for peace.
