CHICAGO (WLS) -- University of Chicago Professor James A. Robinson was awarded a Nobel Prize.
Robinson was awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
His Nobel Prize-winning research was on "how institutions are formed and affect prosperity."
Robinson shared this year's prize with Profs. Daron Acemoglu and Simon Johnson of MIT.
On Monday, Robinson accepted the prestigious award at a press conference.
RELATED | Nobel Prize in medicine honors two Americans for discovery of microRNA