Reducing the vast differences in income between countries is one of our time's greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this.
Acemoglu, Johnson, and Robinson have developed theoretical tools that can explain why differences in institutions persist and how institutions can change.
This year's prize underscores the connection between institutional frameworks and economic disparities globally, highlighting their significant role in shaping prosperity.
The Nobel Prize in Economic Sciences is widely considered the most prestigious award in the field, underlining the impact of the laureates' work.
[
Collection
]
[
|
...
]