A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are ...

Acemoglu, who was born in Istanbul, and Johnson, who was born in the U.K., are professors of economics at the Massachusetts ...

This year’s winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, usually called the Nobel ...

Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why ...

Their warning builds on the insights of Milton Friedman, the famous free-market economist who “believed the limitations on ...

The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions ...

The prize was given to Daron Acemoglu, Simon Johnson and James Robinson for work that advanced the understanding of differences in prosperity between countries.

In their 2012 book “Why Nations Fail,” Acemoglu, a Turkish-American professor at the Massachusetts Institute of Technology (MIT), and Robinson, a British professor at the University of Chicago ...

The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their ...