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Nobel Economics Prize 2024 Goes to Daron Acemoglu, Simon Johnson, and James A. Robinson [Details]

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The Royal Swedish Academy of Sciences announced today that Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The prestigious prize recognizes their significant contributions to understanding how institutions are formed and their impact on national prosperity.

This year’s award marks the final Nobel Prize to be announced, concluding the 2024 Nobel Prize season. The economics prize, established in 1968 as a memorial award, acknowledges outstanding contributions to the field of economics.

Three Winners

  • Daron Acemoglu: Born in 1967 in Istanbul, Turkey, Acemoglu earned his Ph.D. from the London School of Economics in 1992. He is currently a professor at the Massachusetts Institute of Technology (MIT) in Cambridge, USA.
  • Simon Johnson: Johnson was born in 1963 in Sheffield, UK, and completed his Ph.D. at MIT in 1989. He is also a professor at MIT.
  • James A. Robinson: Born in 1960, Robinson received his Ph.D. from Yale University in 1993 and is now a professor at the University of Chicago, Illinois, USA.

The award-winning research of Acemoglu, Johnson, and Robinson explores the relationship between institutions and prosperity across nations, shedding light on how the design and governance of institutions can influence economic outcomes.

The economics prize has a rich history, including recognition of influential figures such as Milton Friedman, who won in 1976 for his groundbreaking work in consumption analysis and monetary theory. Friedman was a strong advocate for free markets, and his ideas significantly influenced economic policy in the UK and the US. The Nobel committee continues to reflect on the impact of economics on society and the importance of institutions in shaping the global economic landscape.

HRD Minister Felicitates Indian National Science Talent Scholars of 2016-17

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Union Human Resource Development Minister Prakash Javadekar has felicitated winners of National Science Talent Exam of the Year 2016-17 in New Delhi on Wednesday, which is slowly emerging as India equivalent of US Intel Science Awards. The winners were given away mementoes and certificates by the Minister.

Vijnana Bharati (VIBHA) in association with Vigyan Prasar – an autonomous institution under Department of Science & Technology and National Council of Education and Research Training (NCERT) – Ministry of Human Resource Development has organized the National Science Talent Search for Future India Vidyarthi Vigyan Manthan (VVM) across the country.

More than 1.4 lakh students from 1,472 schools from all the 29 states and 5 union territories from class VI-XI participated in the exam and 2,400 students were declared as state level winners. Through 20 camps, 264 students were selected as National level winners.

These 264 students have undergone a two-day national camp at IIT Delhi, under an academic committee of eminent scientists and selected 18 students as national science talents of the year named as HIMALAYANS.

“One of the major objectives of the programme is to evolve student’s more affinity towards science and encourage them to take science as their future career,” said a statement of the ministry. VIBHA published two books — Biography of Dr APJ Abdul Kalam and Indian contributions to Science from Tradition to Modern — as the study material for the enrolled students of Vidyarthi Vigyan Manthan.

The Minister has asked the students to pursue their passion. “Unless we don’t follow our passion, we don’t reach the destination we want in life.” The traits of talent, dedication, determination to work hard and discipline are the key to the success, he noted. He also congratulated the parents of the students and asked them to motivate their children for their bright future.

India Junior Hockey Team Brings Laurels Lifting World Cup 2016

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Bringing to memory the Classic win in 2001, India celebrated winning the FIH Junior Hockey World Cup clinching a 2-1 victory against Belgium in the final.

Last time India won the cup in Hobart in 2001 with the likes of Gagan Ajit Singh and Yugraj Singh then. This time India scored two field goals in the first half through Gurjant Singh (8th minute) and Simranjeet Singh (22nd) to emerge as winners.

The team coached by Harendra Singh was cheered throughout by home crowd, revived the fortunes of the game in a nation, which has boasted of a rich hockey tradition way back 50 years ago.

The other team Belgium scored a late consolation goal through Fabrice van Bockrijck’s penalty corner conversion in the 70th minute.

Earlier, six-time champions and title holders Germany had been relegated to a bronze defeating Australia 3-0 in the third-fourth place play-off match.

Congratulating the team, Minister of Sports Vijay Goel has commended their splendid win and said India have become the first nation to win the hockey junior World Cup at home and the title is significant as it came after a gap of 15 years for the second time.

He said the joyous moment of glory is more enjoyable as it came after Senior Indian Men and Women Hockey Teams lifted the Asian Champions Trophy earlier in the year. Vijay Goel said the best finish in Hockey in recent times reflects the hard work, dedication, discipline and determination of our players to succeed at the International Sporting arena.