Malyi Center Advisory Board Member James Robinson Shares Nobel Prize
Three Receive Nobel in Economics for Research on Global Inequality
The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Daron Acemoglu and Simon Johnson, both of the Massachusetts Institute of Technology, and to James Robinson of the University of Chicago.
They received the prize for their research into how institutions shape which countries become wealthy and prosperous — and how those structures came to exist in the first place.
The laureates delved into the world’s colonial past to trace how gaps emerged between nations, arguing that countries that started out with more inclusive institutions during the colonial period tended to become more prosperous. Their pioneering use of theory and data has helped to better explain the reasons for persistent inequality between nations, according to the Nobel committee.
Read more at The New York Times