Nobel price in economics 2024 awarded to trio.

    The Nobel Price was awarded to trio ( Daron Acemoglu, Simon Johnson and James Robinson ) with 1 million cash for work on differences in prosperity between nations on Monday for their "Studies of how institutions are formed and affect prosperity".

    The winners were announced by the Royal Swedish Academy of Sciences at a news conference in Stockholm. They are awarded with Nobel Price for their studies on how institutions are formed and affect prosperity.

    Acemoglu and Johnson are professors at the Massachusetts Institute of Technology ( MIT ), While Robinson works for the university of Chicago.


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