The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize given out in 2024 and went to professors Daron Acemoglu, Simon Johnson and James Robinson. The award is worth 11 million Swedish kronor (S$1.38 million).
“Reducing the vast differences in income between countries is one of our time's greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this,” said Mr Jakob Svensson, chairman of the Committee for the Prize in Economic Sciences.
This story is from the October 15, 2024 edition of The Straits Times.
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This story is from the October 15, 2024 edition of The Straits Times.
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