Daron Acemoglu, Simon Johnson and James A. Robinson has been honored for his study of “how institutions are formed and affect prosperity.” Photo:
Daron Acemoglu, Simon Johnson and James A. Robinson have been awarded the 2024 Economics Nobel Prize for their study of “how institutions are formed and affect prosperity.”
Nobel Prize 2024: An interactive guide
The Nobel Prize in Economics 2023 was awarded to American economist Claudia Goldin “for advancing our understanding of women’s labor market outcomes” and ironically, she was one of very few women to receive the award. Was.
Of the 93 laureates awarded since 1969, only three have been women – Goldin in 2023, her compatriot Elinor Ostrom in 2009, and French-American Esther Duflo in 2019.
‘False Nobel’
The Economics Prize is the only Nobel Prize not created among the original five prizes created in the will of Swedish scientist Alfred Nobel, who died in 1896.
Instead it was created in 1968 through a donation from the Swedish central bank, leading opponents to dub it the “false Nobel”.
However, like other Nobel Science Prizes, the Royal Swedish Academy of Sciences decides the winner and follows the same selection process.
The economics prize concludes this year’s Nobel season, with the physics and chemistry prizes honoring achievements in artificial intelligence, while Peace Prize awarded to Japanese group Nihon HidankyoCommitted to fighting nuclear weapons.
2024 Nobel Prize in Physics John Hopfield and Geoffrey Hinton “for the fundamental discoveries and inventions that enable machine learning with artificial neural networks.”
2024 Nobel Prize for Chemistry The award “for protein structure prediction” was shared by David Baker “for computational protein design” with Demis Hassabis and John Jumper.
South Korean Han Kan wins literary award – the only female laureate so far this year – while the medicine award lauded discoveries in understanding gene regulation.
The Nobel Prize consists of a diploma, a gold medal, and a lump sum of one million dollars.
They will be presented at ceremonies in Stockholm and Oslo on December 10, the anniversary of the 1896 death of scientist and prize creator Alfred Nobel.
(with AFP inputs)
published – October 14, 2024 03:24 PM IST