A Nobel prize for an explanation of why nations fail

October 15, 2024
Academy of Sciences permanent secretary Hans Ellegren (C), Jakob Svensson (L) and Jan Teorell of the Nobel Assembly sit in front of a screen displaying the laureates (L-R) Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson of the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel during the announcement by the Royal Swedish Academy of Sciences in Stockholm, Sweden on October 14, 2024. (Photo by Christine Olsson/TT / TT NEWS AGENCY / AFP) / Sweden OUT (Photo by CHRISTINE OLSSON/TT/TT NEWS AGENCY/AFP via Getty Images)

A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation’s prosperity.

(Image credit: CHRISTINE OLSSON/TT/TT NEWS AGENCY/AFP via Getty Ima)



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