Know Your Economists

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The Nobel prize for 2024 for Economics is said to be announced on October 14, 2024. The prizes were given to James Robinson, Simon Johnson and Daron Acemoglu. Interesting fact is that both Johnson and Acemoglu ‘re colleagues at the MIT (Massachusetts Institute of Technology), while Robinson is a professor at the University of Chicago.

The committee awarded all three economists, for their work on the ‘impact of institutions and the rule of law in the nation’s prosperity.’  Their work showed immense level of empirical and theoretical analysis of  the understanding of  the global inequality. Read more