Research on 'prosperity' wins 2024 Nobel Prize in Economics

The Royal Swedish Academy of Sciences announced on October 14 that Mr. Acemoglu and Johnson (from the Massachusetts Institute of Technology, USA) and Mr. Robinson (University of Chicago, USA) won the Nobel Prize in Economics, with research that pointed out the importance of social institutions to the prosperity of a country.

Accordingly, this year's winning scientists' work explains the differences in prosperity between countries, explains the circumstances that form political institutions, and raises the issue that societies with poor rule of law and institutions that exploit their people will not create growth or change for the better.

Three scientists receive the 2024 Nobel Prize in Economics

PHOTO: NOBEL PRIZE SCREENSHOT

The Nobel Prize in Economics is the sixth and final Nobel to be awarded this year. Last year, the Nobel Prize in Economics went to economic historian Claudia Goldin for her work explaining the underlying causes of inequality in wages and the labor market between men and women. Goldin is the third woman to receive the prize.

The Nobel Prize in Economics was not part of the original prize structure according to the will of Swedish scientist Alfred Nobel in 1901. This prize was added in 1968 by the Swedish central bank Sveriges Riksbank. Sveriges Riksbank is also the oldest central bank in the world, with 350 years of history, according to Reuters.

As of 2023, there have been 55 Nobel Prizes in Economics and 93 winners. The youngest winner was 46 years old, while the oldest was 90. The official name of the prize is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Source: https://thanhnien.vn/nghien-cuu-ve-su-thinh-vuong-doat-giai-nobel-kinh-te-2024-185241014165843319.htm