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Second-hand clothing can help countries meet environmental targets, and drive economic growth - but needs support. A new report says governments need to help unleash the sector's economic potential. Karina Bolin, President of Humana People to People Italia, says it's important to focus on textiles of good quality, rather than…

This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast differences in prosperity between nations.

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity. Read further on Dynamite News:

The prestigious award is the final prize to be given out this year and is worth $1.1 million

Two of the academics also studied at the London School of Economics

Daron Acemoglu, Simon Johnson and James A. Robinson won the 2024 Nobel memorial prize in economics "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday.

The award for work into why countries succeed and fail is the final prize to be given out this year and is worth $1.1m.

Watch live as the winner of this year’s Nobel economics prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is announced on Monday, 14 October.

The Royal Swedish Academy of Sciences is unveiling the winner — or winners — of the Nobel Memorial Prize in economics, wrapping up six days of awards announcements

Closing the season, the Norwegian Nobel Committee will announce the Nobel economics prize on Monday, with specialists on credit, the role of government, and wealth inequality seen as possible contenders.

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.