Nobel Prize in Economics Awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson: WATCH VIDEO

Nobel Prize in Economics 2024 Awarded

The Nobel Prize in Economics for 2024 was awarded today, Monday, October 14, to Daron Acemoglu, Simon Johnson, and James A.
Robinson.

In a live video stream this late morning, the final Nobel Prize of 2024 was presented—this award for Economics, the youngest category among the six total prizes, established in 1969.

Significance of Their Work

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was bestowed upon Daron Acemoglu, Simon Johnson, and James A.
Robinson for their influential research on how institutions develop and how they impact national prosperity.

This decision has taken many by surprise, in line with other unexpected choices made by the Academy this year.

Unexpected Predictions

The award presented to Acemoglu, Johnson, and Robinson defied expert predictions.
As with other categories, a maximum of three individuals can share the Nobel Prize in Economics, and selected recipients must be alive at the time of the announcement.

For the 2024 award, the names that generated discussion were Michael Woodford, known for his work in monetary theory, and Susan Athey, recognized for contributions to machine learning.

Recently, there was buzz surrounding Vitalik Buterin, co-founder of Ethereum, suggested for his contributions to cryptocurrencies.
The selection of Acemoglu, Johnson, and Robinson certainly surprised industry experts, mirroring the 2024 trend in Nobel selections.

Further Reading

Discover more about the contributions of Daron Acemoglu, Simon Johnson, and James A.
Robinson [here](https://www.nobelprize.org/prizes/economic-sciences/2024/summary/).

Curious about the monetary rewards for Nobel winners? Learn more [here](https://www.nobelprize.org/prizes/nobel/nobel-what-is-the-prize/).