The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Daron Acemoglu and Simon Johnson, both of the Massachusetts Institute of Technology, and to James Robinson of the University of Chicago.
They won the prize for their work in explaining the differences in prosperity between nations, and for their research into how institutions affect prosperity. The laureates have pioneered theoretical and empirical approaches that have helped to better explain inequality between countries, according to the prize committee.
This is a breaking news story that will be updated.
Who won the economics prize in 2023?
Last year, Claudia Goldin was awarded for her research uncovering the reasons for gender gaps in labor force participation and earnings.
Who else won a prize this year?
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The Nobel in physiology or medicine went to Victor Ambros and Gary Ruvkun for their discovery of microRNA, which helps determine how cells develop and function.
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The award for physics was awarded to John J. Hopfield and Geoffrey E. Hinton for discoveries that helped computers learn more in the way that the human brain does, providing the building blocks for developments in artificial intelligence.
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The prize for chemistry was shared between Demis Hassabis and John Jumper of Google, who used A.I. to predict the structure of millions of proteins; and David Baker, who used computer software to invent a new protein.
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The literature prize went to Han Kang, the first writer from South Korea to receive the award, for “her intense poetic prose that confronts historical traumas.”
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The Nobel Peace Prize was awarded to the Japanese grass-roots movement Nihon Hidankyo, which for decades has represented hundreds of thousands of survivors of the U.S. atomic bombings of Hiroshima and Nagasaki in 1945.
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