Schools
Massachusetts Institute Of Technology Professors Share Nobel Prize In Economics
Acemoglu and Johnson work at the Massachusetts Institute of Technology and Robinson conducts his research at the University of Chicago.
October 14, 2024
STOCKHOLM - The Nobel Prize in economics was awarded to three Americans Monday for their research into why some countries succeed and others fail. Two of the three economists are professors at the Massachusetts Institute of Technology in Cambridge.
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Daron Acemoglu, Simon Johnson and James A. Robinson "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.
"Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. The laureates' research helps us understand why," it added.
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