LSE Alumni Association Belgium’s Post

🥇 Incredibly proud of our LSE alumni James A. Robinson (BSc Economics 1982) and Daron Acemoglu (PhD Economics 1992), who have today been jointly awarded the Nobel Prize in Economic Sciences! Professors Acemoglu and Robinson share the award with Professor Simon Johnson from Massachusetts Institute of Technology for their work demonstrating the importance of societal institutions for a country’s prosperity, and why there are such vast differences in prosperity between nations. Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. Research by this year’s laureates helps us understand why. Congratulations to all three newly awarded Nobelists! 👏 #NobelPrize2024