Close Menu
  • Home
  • Vaccines
  • Politics
  • Health
  • Tech
  • Sports
  • Research
  • Fitness
  • Careers
What's Hot

Health Canada approves Novartis’ KISQALI® for HR+/HER2- early breast cancer patients at high risk of recurrence

Sheriff, county lawyer seeking mental health funds at Minnesota State Capitol

Chronic absences have not disappeared. Research shows that poor children are most hurt.

Facebook X (Twitter) Instagram
subjectional.com
Subscribe
  • Home
  • Vaccines
  • Politics
  • Health
  • Tech
  • Sports
  • Research
  • Fitness
  • Careers
subjectional.com
Home » Two British economists are among Nobel Prize winners for research on inequality | UK News
Research

Two British economists are among Nobel Prize winners for research on inequality | UK News

Paul E.By Paul E.October 14, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Two British professors will be among the winners of the 2024 Nobel Prize in Economics.

Simon Johnson, 61, and James A. Robinson, 64, were honored by the Royal Swedish Academy of Sciences for their “research into how institutions form and influence prosperity.”

They join Turkish economist and professor Daron Acemoglu in winning the prize, which includes a share of 11 million Swedish krona (£808,522).

Their research explains why societies with poor rule of law and exploitative institutions do not produce sustainable growth.

Professor Acemoglu and Professor Johnson work at the Massachusetts Institute of Technology (MIT), and Professor Robinson conducts research at the University of Chicago.

Jacob Svensson, Chair of the Prize in Economics, said: “Reducing the huge income differences between countries is one of the greatest challenges of our time. The winners will highlight the importance of social institutions in achieving this. We have demonstrated that.”

He said their research provided “a deeper understanding of the root causes of why countries fail or succeed.”

Turkish-born Professor Acemoglu, 57, said he was surprised and shocked by the award. “I think, broadly speaking, the work we have done is in favor of democracy,” he told a news conference in Stockholm.

But he added: “Democracy is not a panacea. It’s very difficult to introduce democracy. Sometimes when you introduce elections, it creates conflict.”

Image: Economics laureates announced in Stockholm. Photo: TT News Agency/AP Image: The award was announced at the Royal Swedish Academy of Sciences. Photo: TT News Agency/AP

The University of Chicago described Robinson as an economist and political scientist whose research examines the relationship between political power, institutions, and prosperity.

He has conducted fieldwork around the world, including Bolivia, Colombia, Haiti, Democratic Republic of the Congo, Nigeria, and Sierra Leone.

Simon Johnson is a professor at the MIT Sloan School of Management and previously served as chief economist at the International Monetary Fund from 2007 to 2008.

Read more from Sky News:
The King and Queen were treated poorly during their trip to Australia.
Thousands refuse NHS weight loss jab
British man dies after bridge collapses in Spain

Past winners of the economics prize include Milton Friedman, John Nash, played by actor Russell Crowe in the 2001 film A Beautiful Mind, and, most recently, former Federal Reserve Chairman Ben Bernanke. Includes many influential thinkers.

Last year, Harvard University economic historian Claudia Goldin won the award for her work highlighting the causes of wage and labor market inequality between men and women.

Last week, the 2024 Nobel Peace Prize was awarded to Nippon Hidankyo, an organization of Japanese atomic bomb survivors, in recognition of its efforts to rid the world of nuclear weapons.



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleHow did the ‘bank snooping’ scandal ensnare Italian politicians? | Explanatory news
Next Article Fitness model Mari Llewellyn in two-piece workout gear says, “We walk.”
Paul E.
  • Website

Related Posts

Chronic absences have not disappeared. Research shows that poor children are most hurt.

June 5, 2025

American Brain Tumor Society’s Metastatic Brain Tumor Collaborative Announces $50,000 Research Grant Opportunity to Fund High-Risk, High-Impact CNS Metastasis Research

October 31, 2024

Massive yard sale in Newtown benefits pancreatic cancer research

October 31, 2024
Leave A Reply Cancel Reply

Latest Posts

Health Canada approves Novartis’ KISQALI® for HR+/HER2- early breast cancer patients at high risk of recurrence

Sheriff, county lawyer seeking mental health funds at Minnesota State Capitol

Chronic absences have not disappeared. Research shows that poor children are most hurt.

Transport Secretary reveals overhaul of aging pneumatic transport systems

Latest Posts

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Subjectional!

At Subjectional, we believe that informed opinions are the foundation of a vibrant society. Our mission is to provide insightful, engaging, and balanced information across a diverse range of topics that matter to you. Whether you’re interested in the latest developments in health, navigating the complexities of politics, staying updated on sports, exploring technological advancements, or advancing your career, we’ve got you covered.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 subjectional. Designed by subjectional.

Type above and press Enter to search. Press Esc to cancel.