Acemoglu, who was born in Istanbul, and Johnson, who was born in the U.K., are professors of economics at the Massachusetts Institute of Technology. Robinson is a professor of eco

Daron Acemoglu, Simon Johnson, and James Robinson—have been awarded the 2024 Nobel Prize in Economic Sciences for their groundbreaking research on how institutions shape economic outcomes. Their work explores why some countries become wealthy while others remain impoverished,

Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why some countries become rich and others remain poor.