Nobel Prize: Trio win 2024 award for economics

The 2024 Nobel Prize for Economics was awarded on Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for their studies into why some countries succeed and others fail.

The winners were announced by the Royal Swedish Academy of Sciences at a news conference in Stockholm, marking the end of the 2024 Nobel season after prizes for medicine, physics, chemistry, literature and peace were awarded last week.

The economics award is worth 11 million Swedish kronor (roughly $1…