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The Nobe Prize in Economic Sciences 2024 was awarded to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity"
Congratulations to CEPR Fellows Daron Acemoglu, Simon Johnson, and James A. Robinson, who have been awarded the 2024 Nobel Prize in Economic Sciences "for studies of how institutions are formed and affect prosperity".
The Committee for this year’s Prize stated that “This year’s laureates in the economic sciences – Daron Acemoglu, Simon Johnson, and James Robinson – have demonstrated the importance of societal institutions for a country’s prosperity. Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. The laureates’ research helps us understand why.”
All three are long-standing CEPR Research Fellows: Acemoglu since 1992, Johnson since 2004 and Robinson since 2000.
Daron Acemoglu is an Institute Professor at MIT and is an elected fellow of numerous National Academies. He is also a member of the Group of Thirty. His academic work covers a wide range of areas, including political economy, economic development, economic growth, technological change, inequality, labour economics, and the economics of networks.
Simon Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is head of the Global Economics and Management group. In 2007-08, he was Chief Economist at the International Monetary Fund, and he currently co-chairs the CFA Institute Systemic Risk Council. Johnson’s academic research papers on long-term economic development, corporate finance, political economy, and public health are widely cited.
James A. Robinson is the Reverend Dr. Richard L. Pearson Professor of Global Conflict Studies and the Institute Director of The Pearson Institute for the Study and Resolution of Global Conflicts. An economist and political scientist, Robinson has conducted influential research in the field of political and economic development and the relationships between political power, institutions, and prosperity. His work explores the underlying causes of economic and political divergence both historically and today, employing both the mathematical and quantitative methods of economics along with the case study, qualitative, and fieldwork methodologies used in other social sciences.
Between them, Acemoglu, Johnson, and Robinson are authors of more than 100 CEPR discussion papers, and numerous VoxEU columns and Policy Insights, and have contributed to many CEPR publications over their long careers. Most recently, Acemoglu and Johnson co-authored CEPR Policy Insight No. 123, Can we Have Pro-Worker AI? Choosing a path of machines in service of minds.
Read the full press release published by the Committee for the Nobel Prize in Economic Sciences here.
Congratulations once again to Daron, Simon, and James on this achievement!
Check out the latest VoxDev blog from VoxDev's Editorial Board, titled 'How Daron Acemoglu, Simon Johnson, and James Robinson Have Contributed to Development Economics.' You can read the full blog post here.
Listen to a previous episode of our sister podcast series VoxDev Talks where James A. Robinson discusses key takeaways from research on political economy and development, and talks about some important questions which remain unanswered: Political economy and development.
