Simon Johnson, an economist and a professor at the Massachusetts Institute of Technology (MIT).Bloomberg | Bloomberg | Getty ImagesU.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel prize in economic sciences on Monday for work demonstrating “the importance of societal institutions for a country’s prosperity.”The academics have helped show why societies with “poor rule of law and institutions that exploit the population do not generate growth or change for the better,” the Nobel committee said.Acemoglu and Johnson are professors at the Massachusetts Institute of Technology, while Robinson is director of the University of Chicago’s Pearson Institute for the Study and Resolution of Global Conflicts.British economist James A. Robinson, professor of the University of Chicago, speaks in his presentation during the Camacol Congress 2018 on June 8, 2018 in Cartagena, Colombia.Ovidio Gonzalez | Getty Images News | Getty ImagesThe winners of the…
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