The Econometric Society Congratulates Daron Acemoglu, Simon Johnson and James Robinson, winners of the 2024 Nobel Prize in Economics

The Econometric Society congratulates Daron Acemoglu, Simon Johnson, and James A. Robinson for receiving the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024. They received the prize “for studies of how institutions are formed and affect prosperity”.

It is an honor for the Society to have the work if its Fellows recognized through this prestigious award.

Acemoglu was elected Fellow of the Econometric Society in 2005. From 2011-2015, he served as Editor of the Society’s journal, Econometrica. He served on the Society’s Council from 2007 to 2013 and again from 2016 to 2020, including terms as an At-Large member of the Executive Committee from 2007 to 2009 and 2019 to 2020.

James Robinson was elected a Fellow of the Society in 2021.

Quoting the Royal Swedish Academy of Sciences, “This year’s laureates have provided new insights into why there are such vast differences in prosperity between nations. One important explanation is persistent differences in societal institutions. By examining the various political and economic systems introduced by European colonisers, Daron Acemoglu, Simon Johnson and James Robinson have been able to demonstrate a relationship between institutions and prosperity. They have also developed theoretical tools that can explain why differences in institutions persist and how institutions can change.”

More information can be found at https://www.nobelprize.org/prizes/economic-sciences/.