Daron Acemoglu, Simon Johnson and James A. Robinson win Nobel Prize in Economics "for studies of how institutions are formed and affect prosperity".
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00:00Three U.S.-based men won the Nobel Prize in Economics for studies on how institutions
00:07are formed and affect prosperity.
00:11Daron Adjemoglu was amongst the trio of winners and said over a video call he never expected
00:17the accolade.
00:18You dream of having a good career, but this is over and on top of that, so it's a great
00:25surprise and honor.
00:28The research explored how different colonial strategies led to institutional patterns in
00:33Europe that have persisted over time.