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University of Chicago professor, two M.I.T. economists win the Nobel Prize in Economics
Published 1 year, 6 months ago
Description
The Nobel prize in economics has been awarded to James Robinson of the University of Chicago and two economists from MIT – Daron Acemoglu and Simon Johnson.
They’re honored for “demonstrating the importance of societal institutions for a country’s prosperity.”
They found that societies with poor rule of law and exploitative institutions do NOT generate sustainable growth.
Professor Robinson spoke with WBEZ’s Morning Edition host, Mary Dixon.