Nobel Prize for Economics This year, this award has been given to Daron Acemoglu, Simon Johnson and James A. Robinson. The three economists have been given this award for underlining the importance of social institutions for the prosperity of a country. Earlier, Nobel Prizes have been announced for various fields. Nobel Prize for Economics to three economists who did research on prosperity. Daron Acemoglu, Simon Johnson and James Robinson will jointly receive the award. Three US economists, Daron Acemoglu, Simon Johnson and James A. Robinson, who did research on the impact of institutions on the prosperity of the country, will jointly receive the Nobel Prize for Economics. The Nobel Prize for Economics for the year 2024 was announced on 14 October. The three economists explained in their research why development does not take place in a society with poor law and order and exploitative institutions. Turkish-American Acemoglu and British-American Johnson are economists at the Massachusetts Institute of Technology. British-American Robinson conducts research at the University of Chicago. The research attempted to find out why global inequality persists, especially in countries that are plagued by corruption and dictatorship. Jacob Svensson, chairman of the Economic Sciences Prize Committee, said, 'Reducing the huge income gap between countries is one of the biggest challenges. All three economists have demonstrated the importance of social institutions to achieve this.
