The winners of the 2024 Nobel Prize awarded by the Central Bank of Sweden are three American economists working on the impact of social organization on the wealth of nations. The awardees are Daron Acemoglu, Simon Johnson and James A. Robinson. Why are some countries unexpectedly successful and others unexpectedly unsuccessful? Why is it that countries with such rich cultures as India and Mexico have consistently struggled economically, while Australia or Canada have been successful?
