In the Media

The Nobel Prize in economics was awarded to Profs. Daron Acemoglu and Simon Johnson for their “research on prosperity gaps between countries – specifically how European colonization led to some nations being rich while others poor,” reports Rachel Siegel for The Washington Post. Speaking about the inspiration for his research, Johnson noted that questions around which countries became rich, and the extent to which institutions played a role, “were not really central to the economics I learned in graduate school. We had to do a lot of work to convince people institutions actually mattered in a really big way.”