3 American economists won the 2024 Nobel Prize in Economics

On the afternoon of October 14, the Royal Swedish Academy of Sciences announced that the 2024 Nobel Prize in Economics belonged to three American economists. They are Daron Acemoglu, Simon Johnson and James A. Robinson. They were awarded the prize for their research on how social institutions are formed and their impact on prosperity.

Acemoglu and Johnson are both currently working at the Massachusetts Institute of Technology (MIT). Meanwhile, Robinson is working at the University of Chicago (USA). All three are authors of many famous books on economics. Among them are Power and Progress and Why Nations Fail .

“Narrowing the income gap between countries is one of the biggest challenges today. The scientists have demonstrated the importance of social institutions in solving this problem,” commented Jakob Svensson, Chairman of the Nobel Prize in Economics.

The Economics Prize is the last prize awarded each year after Medicine, Physics, Chemistry, Literature and Peace . The Nobel Prize for this field was not part of the original prize structure in the will of Swedish scientist Alfred Nobel. This prize was added in 1968, on the occasion of the 300th anniversary of the founding of the Swedish Central Bank – Sveriges Riksbank, which is also the unit that contributes funds for this prize.

The process of nominating, selecting and awarding the Nobel Prize in Economics is similar to that of other fields. The names of the nominees and related information are kept secret for 50 years. This year's laureate is awarded a medal, a diploma and 11 million Swedish kronor (more than $1 million).

The Nobel Prize in Economics has been awarded 56 times to date. The youngest winner was 46 and the oldest was 90. American scientists currently dominate the award.

LAM DIEN

Source: https://www.sggp.org.vn/3-nha-kinh-te-hoc-my-doat-giai-nobel-kinh-te-2024-post763628.html