The 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for studies on:
ABehavioral economics and decision making
BHow institutions are formed and affect prosperity
CFinancial crises and banks
DLabor economics and minimum wages
Explanation
Acemoglu, Johnson, and Robinson won the 2024 Nobel Economics Prize for demonstrating how institutions shape prosperity.
Exam Relevance
- Topic: International & National Current Affairs (October 2024)
- Subtopic: October 2024
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