He Nobel Prize in Economics 2024 is for Daron Acemoglu (Massachusetts Institute of Technology), Simon Johnson (Massachusetts Institute of Technology) and James Robinson (University of Chicago) “for his studies on how institutions are formed and how they affect prosperity.” This is what the members of the Royal Swedish Academy of Sciences This morning.
The organization recognizes that the winners have demonstrated the importance of social institutions for the prosperity of a country. They showed that “societies with poor rule of law and institutions that exploit the population do not generate growth or positive change.”
The three winners analyzed the evolution of political institutions based on three pillars: how resources are allocated and who holds decision-making power, the power of the masses to exercise power by mobilizing and threatening elites, and the commitment problem. the only alternative for the elite is to entrust decision-making power to the population. »
That of Economy is the sixth and final of the rewards announced so far, after those of the Peace, Medicine, Physical, Chemistry And Literature.
Nobel Prize in Economics in previous years
Last year it was awarded Claudia Goldinof the Harvard Universityfor his contribution to the advancement of Understanding women’s results on the labor market and the causes of the gender gap.
The previous year was for three American economists, Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig“for his research on banks and financial crises”. In 2021, the Nobel Prize in Economics award-winning research that proves that increasing wages the minimum does not create more unemployment
How much money does a Nobel Prize make?
He price amount in euros may change from one year to the next. In Swedish crowns is encrypted in 11 millionbut this amount last year was lower than in 2024: 947,490 euros. This year it is 968,000 euros.
The Nobel Prize in Economics not part of Alfred Nobel’s legacysince it was created in 1968 by the Banks of Riksthe Swedish central bank, coinciding with the entity’s 300th anniversary, and was first awarded in 1969, in tribute to the Norwegian Ragnar Frisch and the Dutch Jan Tinbergen.
