The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 was awarded jointly to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity"
They provided an explanation for why some countries are rich and others poor
https://www.nobelprize.org/uploads/2024/10/popular-economicsciencesprize2024.pdf
https://www.nobelprize.org/uploads/2024/10/advanced-economicsciencesprize2024.pdf
They provided an explanation for why some countries are rich and others poor
https://www.nobelprize.org/uploads/2024/10/popular-economicsciencesprize2024.pdf
https://www.nobelprize.org/uploads/2024/10/advanced-economicsciencesprize2024.pdf
An economics Nobel for work on why nations succeed and fail
https://www.economist.com/finance-and-economics/2024/10/14/an-economics-nobel-for-work-on-why-nations-succeed-and-fail
https://www.economist.com/finance-and-economics/2024/10/14/an-economics-nobel-for-work-on-why-nations-succeed-and-fail
A good critique of the work of 2024 Nobel Prize Winners in Economics:
Acemoglu, Johnson and Robinson won a prize for applying economics to the very things economics is inherently bad at figuring out
https://www.ft.com/content/1e2584d6-65ef-46de-bfb2-28811be65600
Acemoglu, Johnson and Robinson won a prize for applying economics to the very things economics is inherently bad at figuring out
https://www.ft.com/content/1e2584d6-65ef-46de-bfb2-28811be65600
Related:
https://marginalrevolution.com/marginalrevolution/2024/10/acemoglu-johnson-and-robinson-win-nobel-for-institutions-and-prosperity.html
https://vivekjayakumar.blogspot.com/2023/02/colonialism-institutions-and-economic.html
https://vivekjayakumar.blogspot.com/2015/09/economic-development-history-geography.html
https://vivekjayakumar.blogspot.com/2015/12/corruption-and-economic-growth.html
https://vivekjayakumar.blogspot.com/2024/01/tech-and-economic-progress-historical.html
https://vivekjayakumar.blogspot.com/2023/02/colonialism-institutions-and-economic.html
https://vivekjayakumar.blogspot.com/2015/09/economic-development-history-geography.html
https://vivekjayakumar.blogspot.com/2015/12/corruption-and-economic-growth.html
https://vivekjayakumar.blogspot.com/2024/01/tech-and-economic-progress-historical.html
The Debate Continues - Institutions versus Other Factors:
Why some economists are skeptical of this year’s Nobelists by Dylan Matthews
https://www.vox.com/future-perfect/378007/why-some-economists-are-skeptical-of-this-years-nobelists
https://www.vox.com/future-perfect/378007/why-some-economists-are-skeptical-of-this-years-nobelists
Beijing’s Success Is a Conundrum for Nobel Winners by Mihir Sharma
Understanding Institutions by Daron Acemoglu
https://cep.lse.ac.uk/pubs/download/cp161.pdf
Institutions Matter, but Not for Everything: The role of geography and resource endowments in development shouldn’t be underestimated by Jeffrey Sachs
https://www.imf.org/external/pubs/ft/fandd/2003/06/pdf/sachs.pdf
Institutions versus Policies: A Tale of Two Islands by Peter Blair Henry and Conrad Miller
https://www.aeaweb.org/articles?id=10.1257/aer.99.2.261
https://www.aeaweb.org/articles?id=10.1257/aer.99.2.261
