October 14, 2024 5:04 PM

Nobel economics prize goes to inequality researchers

Three U.S.-based academics won the 2024 Nobel Economics Prize on Monday for their research into why global inequality persists, especially in countries dogged by corruption and dictatorship. Simon Johnson and James Robinson, both British-American, and Turkish-American Daron Acemoglu were commended for their work on "how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said. "Reducing the vast differences in income between countries is one of our time's grea...