It is one of those simple questions that's too big to answer: Why do some nations fail while others succeed? Consider the ...

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

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

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 ...

The Nobel memorial prize in economics has been awarded to three U.S.-based academics who studied why some countries are rich ...

The Nobel laureates in the economic sciences have demonstrated the importance of societal institutions for a country’s ...

The two, who co-authored the book Why Nations Fail, had done really important research explaining why institutions are so critical to a nation’s success or failure. I wanted to get their ...