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.
The Nobel prize in economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations.
The week some of the world’s best minds in science, medicine, literature and politics are being awarded Nobel Prizes. We find out about the history of the famous awards and some of the discoveries ...