The Nobel memorial prize in economics has been awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for research into why societies with poor rule of law and exploitative institutions do not generate sustainable growth. (AP video shot by Daniel Niemann)

Nobel economics prize goes to 3 economists who found that freer societies are more likely to prosper

The Nobel memorial prize in economics has been awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for research into why societies with poor rule of law and exploitative institutions do not generate sustainable growth. (AP video shot by Daniel Niemann)