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

The Nobel laureates in the economic sciences have demonstrated the importance of societal institutions for a country’s ...

Daron Acemoglu and Simon Johnson work at the Massachusetts Institute of Technology, while James A. Robinson conducts his ...

The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions ...

They examined whether institutions created by the colonial powers have had “persistent effects” on political and economic ...

The prize was given to Daron Acemoglu, Simon Johnson and James Robinson for work that advanced the understanding of ...

The Nobel Prize in chemistry included a U.S. scientist, David Baker, who along with Demis Hassabis and John Jumper, were recognized for their groundbreaking work in predicting and designing protein ...

Acemoglu and Robinson wrote the 2012 bestseller “Why Nations Fail: The Origins of Power, Prosperity, and Poverty." ...

This year’s winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, usually called the Nobel ...

The three U.S.-based academics studied why some countries are rich and others poor and have documented that freer, open ...

Daron Acemoglu, Simon Johnson and James Robinson shared the award for their work on explaining the gaps in prosperity between ...