{"id":128912,"date":"2024-10-14T21:39:45","date_gmt":"2024-10-14T21:39:45","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/daron-acemoglu-simon-johnson-and-james-robinson-awarded-nobel-in-economics"},"modified":"2024-10-14T22:00:44","modified_gmt":"2024-10-14T22:00:44","slug":"daron-acemoglu-simon-johnson-and-james-robinson-awarded-nobel-in-economics","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/daron-acemoglu-simon-johnson-and-james-robinson-awarded-nobel-in-economics","title":{"rendered":"Daron Acemoglu, Simon Johnson, and James Robinson awarded Nobel in economics"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>The 2024 Nobel Prize in economics has been awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their influential research on &#8220;how institutions are formed and affect prosperity,&#8221; according to the Royal Swedish Academy of Sciences.<\/p>\n<p>The laureates&#8217; work has demonstrated the critical role that societal institutions play in a nation\u2019s economic success. &#8220;Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better,&#8221; the Academy stated. &#8220;The laureates\u2019 research helps us understand why.&#8221;<\/p>\n<p>Jakob Svensson, chair of the Committee for the Prize in Economic Sciences, emphasized the relevance of the laureates&#8217; contributions in addressing global inequality. \u201cReducing the vast differences in income between countries is one of our time\u2019s greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this,\u201d he said.<\/p>\n<p>Acemoglu, originally from Tu\u0308rkiye, and Johnson are both affiliated with the Massachusetts Institute of Technology, while Robinson is based at the University of Chicago. Their collaborative work has become essential to understanding economic development and governance worldwide.<\/p>\n<p><strong>For More News And Analysis About Kenya Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. The 2024 Nobel Prize in economics has been awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their influential research on &#8220;how institutions are formed and affect prosperity,&#8221; according to the Royal Swedish Academy of Sciences. The laureates&#8217; work has demonstrated the critical role that societal institutions play in a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":128911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[9252,13315,13313,544,11250,13314],"class_list":["post-128912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-9252","tag-daron-acemoglu","tag-james-a-robinson","tag-kenya","tag-nobel","tag-simon-johnson"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Daron Acemoglu, Simon Johnson, and James Robinson awarded Nobel in economics - kenya<\/title>\n<meta name=\"description\" content=\"The 2024 Nobel Prize in economics has been awarded to Daron Acemoglu, Simon Johnson, and James A. 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