Nobel Economics Prize Awarded to Professor James A. Robinson

The Nobel Memorial Prize in Economic Sciences was awarded on Monday to James Robinson of the University of Chicago, alongside Daron Acemoglu and Simon Johnson, both of the Massachusetts Institute of Technology. Describing the groundbreaking work of Dr. Robinson and his associates, the New York Times says:

The laureates delved into the world’s colonial past to trace how gaps emerged between nations, arguing that countries that started out with more inclusive institutions during the colonial period tended to become more prosperous. Their pioneering use of theory and data has helped to better explain the reasons for persistent inequality between nations, according to the Nobel committee. 

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