Source: Foundation for Economic Education
by Sergio Martinez
“Daron Acemoglu, Simon Johnson, and James A. Robinson (known collectively as ‘AJR’) received the 2024 Nobel Prize in Economics for their research on how ‘institutions shape and affect prosperity.’ As Alex Tabarrok highlighted in his review of their work, one interesting aspect is that AJR’s ideas are accessible to a wide audience. Their best-known books, such as Why Nations Fail and The Narrow Corridor, are available in bookstores, reflecting an interest in understanding the relationship between institutions and economic development. That institutions matter is not new in Economics.” (11/20/24)