Winners Daron Acemoglu and Simon Johnson work at the Massachusetts Institute of Technology and James A. Robinson at the University of Chicago.
The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research that explains why societies with poor rule of law and exploitative institutions do not generate sustainable growth. The three economists “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.
and France,“ Acemoglu said on the sidelines of the conference in an Athens suburb. “And I think that is a symbol of how people are disappointed with democracy,” he said. “They think democracy hasn’t delivered what it promised, and I think it is important that it does so.” Robinson agreed. 'Clearly, you had an attack on inclusive institutions in this country,' he said. “You had a presidential candidate who denied that he lost the last election.
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