Laureates Uncover Roots of Global Economic Inequality

Daron Acemoglu, Simon Johnson, and James Robinson awarded the Nobel in Economics for their pivotal research on how historical institutions influence wealth disparities among nations.

Three visionary economists, Daron Acemoglu, Simon Johnson, and James Robinson, have been honored with the Nobel Memorial Prize in Economic Sciences for their groundbreaking work on global economic disparities. The trio's in-depth analysis and research have revealed the enduring influence of institutions established during European colonization on the economic outcomes of post-colonial nations. Their findings emphasize the critical role institutional frameworks play in shaping prosperity, providing new insights into one of the most pressing challenges of our era—bridging the income gap between countries. The Nobel committee lauded their contribution, recognizing the profound impact of colonial strategies on contemporary economic patterns and institutional persistence.