Commission of Noble Two researchers from the Massachusetts Institute of Technology, Deron, in Stockholm, have been awarded the Bank of Sweden Prize for Economic Sciences. Acemoglu And Simon Johnson, and James A. Robinson, of the University of Chicago, for studies conducted in recent years on: “How Institutions Form and Affect Prosperity.”
These studies have shown the relationship between stable entities that make up a Fully enabling the rule of law and economic prosperity. The three economists analyzed the reasons why economic growth stalls in unstable countries or where public administration and justice are inefficient or corrupt.
Latest news
