Nobel Prize goes to 3 economists who study the wealth and poverty of nations

The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their research on the institutional roots of national wealth and poverty. They will split the prize money of 11 million Swedish krona or about $1.058 million.

Nobel Prize goes to 3 economists who study the wealth and poverty of nations
Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel Prize in Economics for their research on the institutional roots of national wealth and poverty.

The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their research on the institutional roots of national wealth and poverty. They will split the prize money of 11 million Swedish krona or about $1.058 million.

(Image credit: CHRISTINE OLSSON)