U.S. Economists Win Nobel Prize for Work on Global Wealth Inequality

Benzinga

U.S.-based economists Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Prize in Economic Sciences for their research on wealth inequality. Their work focuses on how poor governance and exploitative institutions hinder a country’s economic development. Acemoglu and Robinson co-authored the book Why Nations Fail, exploring the origins of global inequality. The laureates’ research highlights the impact of colonialism on wealth disparities between nations.

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00:00It's Benzinga, and here's what's on the block.

00:02U.S.-based economist Darren Asimoglou, Simon Johnson, and James Robinson were awarded the

00:072024 Nobel Prize in Economic Sciences for their research on wealth inequality.

00:13Their work focuses on how poor governance and exploitative institutions hinder a country's

00:18economic development.

00:19Asimoglou and Robinson co-authored the book Why Nations Fail, exploring the origins of

00:24global inequality.

00:26The laureates' research highlights the impact of colonialism on wealth disparities between

00:30nations.

00:31For all things money, visit Benzinga.com.

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