This Monday, October 14, the Royal Swedish Academy of Sciences has awarded the Nobel Prize in Economics 2024 on the last day of the award’s revelations.
On this occasion, there have been 3 winners of the 2024 Nobel Prize in Economics, the Americans Daron Acemoglu, Simon Johnson y James Robinson.
They won the 2024 Nobel Prize in Economics for their work in “study how institutions form and affect prosperity.”
Nobel Prize (Matt Dunham / AP)
Daron Acemoglu, Simon Johnson and James Robinson win the 2024 Nobel Prize in Economics
The economists Daron Acemoglu, Simon Johnson y James Robinson They are the winners of the 2024 Nobel Prize in Economics.
The Nobel Prize in Economics 2024 They receive it thanks to their research on the impact of social institutions on the economic development and prosperity of a country.
With this, the Committee highlights that Daron Acemoglu, Simon Johnson and James Robinson have raised “new ideas about why there are such vast differences in prosperity between nations.”
Well, the work of the winners of the 2024 Nobel Prize in Economics explains the importance of “persistent differences in social institutions.
This through an examination of the different political and economic systems introduced by European colonizers in which they demonstrated a relationship between institutions and prosperity.
Besides that also Daron Acemoglu, Simon Johnson y James Robinson developed theoretical tools that can explain why differences in institutions persist and how institutions can change.
Therefore, the work of the winners today has a decisive influence on continued research both in economy as in political science.
To which ideas about how institutions influence prosperity “demonstrate that work to support democracy and inclusive institutions is an important path forward in promoting economic development.”
When will the 2024 Nobel Prize be awarded in its different subjects?
The delivery of 2024 Nobel Prize awardn its different subjects will be held in a ceremony at the end of the year.
The date will be next December 10, 2024the same one in which the death of Alfred Nobel is commemorated.
The financial prize for each of the categories with a Nobel Prize 2024 will be 11 million Swedish crowns, which is equal to more than 20 million 384 thousand pesos at the current exchange rate.