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Institute for the Development of a Global Democratic Republic
Institute for the Development of a Global Democratic Republic

2024 Nobel Prize supports (global) democracy

Karl Baumann, December 10, 2024May 22, 2025

The 2024 “Nobel Prize” within Economic Sciences goes to Daron Acemoglu, Simon Johnson, and James A. Robinson:

“These contributions are also of practical importance because the large and persistent income gap between the world’s richest and poorest countries has enormous consequences for billions of people living in the world today. And your work proves that supporting democracy and inclusive institutions is an important way forward for reducing this gap.”

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024, Award ceremony speech (nobelprize.org)

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