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 ...

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

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 ...

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

This thesis is most famously elaborated in the 2012 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty written by Daron Acemoglu and James A. Robinson, and also in the 2004 paper ...

Without getting too detailed about the intricacies of their work, their research makes clear that there are reasons why some ...

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 ...