Daron Acemoglu among recipients of the Nobel Economics Prize 2024

American economist of Armenian descent Daron Acemoglu is among the recipients of the 2024 Nobel Prize in Economy.

He shares re prize with Simon Johnson and James A. Robinson. The winning work is about prosperity between nations.

The three economists “have demonstrated the importance of societal institutions for a country’s prosperity,” the Nobel committee of the Royal Swedish Academy of Sciences said at the announcement in Stockholm.

Acemoglu and Johnson work at the Massachusetts Institute of Technology and Robinson conducts his research at the University of Chicago.

“Reducing the vast differences in income between countries is one of our time’s greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this,” Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences, said.