{"id":391762,"date":"2024-10-14T20:58:07","date_gmt":"2024-10-14T15:13:07","guid":{"rendered":"https:\/\/onlineradionepal.gov.np\/en\/?p=391762"},"modified":"2024-10-14T20:58:07","modified_gmt":"2024-10-14T15:13:07","slug":"trio-wins-economics-nobel-for-work-on-wealth-inequality","status":"publish","type":"post","link":"https:\/\/radionepalonline.com\/en\/2024\/10\/14\/391762.html","title":{"rendered":"Trio wins economics Nobel for work on wealth inequality"},"content":{"rendered":"<p><strong>Kathmandu:<\/strong> The Nobel Prize in economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations.<\/p>\n<p>By examining the various political and economic systems introduced by European colonisers, the three have demonstrated a relationship between societal institutions and prosperity, the jury said.<\/p>\n<p>&#8216;Reducing the vast differences in income between countries is one of our time&#8217;s greatest challenges,&#8217; Jakob Svensson, chair of the Committee for the Prize in Economic Sciences, said in a statement. &#8216;The laureates have demonstrated the importance of societal institutions for achieving this,&#8217; Svensson added.<\/p>\n<p>Acemoglu (57 years old) and Johnson (61), are professors at the Massachusetts Institute of Technology (MIT). Robinson, 64, is a professor at the University of Chicago. The jury highlighted the laureates&#8217; work in illuminating how political and economic institutions play a role in explaining why some countries prosper while others do not.<\/p>\n<p>&#8216;Although the poorer countries are, of course, becoming richer, they&#8217;re not closing the gap,&#8217; Jan Teorell, a professor of political science and member of the award committee, told a press conference.<\/p>\n<p>&#8216;Acemoglu, Johnson and Robinson have shown that a large part of this income gap is due to differences in economic and political institutions in society,&#8217; Teorrell said.<\/p>\n<p><strong>RSS\/AFP<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu: The Nobel Prize in economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations. By examining the various political and economic systems introduced by European colonisers, the three have demonstrated a relationship between societal institutions and prosperity, the jury said. &#8216;Reducing &hellip;<\/p>\n","protected":false},"author":48,"featured_media":391467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"reporter":[],"class_list":["post-391762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"acf":[],"_links":{"self":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/391762"}],"collection":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/comments?post=391762"}],"version-history":[{"count":1,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/391762\/revisions"}],"predecessor-version":[{"id":391763,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/391762\/revisions\/391763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/media\/391467"}],"wp:attachment":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/media?parent=391762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/categories?post=391762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/tags?post=391762"},{"taxonomy":"reporter","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/reporter?post=391762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}