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https://theconversation.com/nobel-economics-prize-how-colonial-history-explains-why-strong-institutions-are-vital-to-a-countrys-prosperity-expert-qanda-241305>
"This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and
Simon Johnson of the Massachusetts Institute of Technology and James Robinson
of the University of Chicago for their work on why there are such vast
differences in prosperity between nations.
While announcing the award, Jakob Svensson, the chairman of the economics prize
committee, said: “Reducing the huge differences in income between countries is
one of our times’ greatest challenges”. The economists’ “groundbreaking
research” has given us a “much deeper understanding of the root causes of why
countries fail or succeed.”
The award, which was established several decades after the original Nobel
prizes in the 1960s, is technically known as the Sveriges Riksbank prize in
economic sciences. The academics will share the award and its 11 million kroner
(£810,000) cash prize.
To explain their work and why it matters, we talked to Renaud Foucart, a senior
lecturer in economics at Lancaster University in the UK."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
