Institutions and Inclusiveness

Column Published in syndication October 16, 2024

Although most people are not interested in the details of pure economic research, the discoveries can affect the daily lives of virtually everyone by shaping public policy or even the way we think about the world. This year's Nobel Memorial Prize in Economics has been awarded (long overdue) to three researchers "for studies of how institutions are formed and affect prosperity." The winners (Daron Acemoglu, Simon Johnson, and James A. Robinson) are all affiliated with US universities (MIT and the University of Chicago).

• Tags:
• economics,
• Nobel Prize,
• institutions