Nobel economics prize goes to inequality researchers

FILE PHOTO: A view of the exterior of the Royal Swedish Academy of Sciences ahead of the announcement of the Nobel Prize in Physics in Stockholm, Sweden, October 8, 2024. REUTERS/ Tom Little/File Photo

STOCKHOLM (Reuters) -Three U.S.-based academics won the 2024 Nobel economics prize on Monday for research that explored the aftermath of colonisation to understand why global inequality persists today, especially in countries dogged by corruption and dictatorship.

Simon Johnson and James Robinson, both British-American, and Turkish-American Daron Acemoglu were commended for their work on "how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said.