“Acceptance Speech” Frontiers of Knowledge Award 2023 in Economics, Finance and Management

Acceptance speech by Torsten Persson, winner of the 2023 Frontiers of Knowledge Award in Economics, Finance and Management, who was honored alongside Timothy Besley and Guido Tabellini for their pioneering contributions to understanding the relationship between political institutions and economic outcomes. Their research has transformed modern political economy through theoretical models and empirical analysis that explain how political systems shape economic policies and national development.

Persson highlights the importance of state capacity in explaining differences in prosperity and stability across countries, noting that states with stronger institutions tend to be richer and less violent. His research with Timothy Besley has examined how the ability to collect taxes, enforce laws and provide public goods contributes to economic development. He also emphasizes the role of p

Acceptance speech by Torsten Persson, winner of the 2023 Frontiers of Knowledge Award in Economics, Finance and Management, who was honored alongside Timothy Besley and Guido Tabellini for their pioneering contributions to understanding the relationship between political institutions and economic outcomes. Their research has transformed modern political economy through theoretical models and empirical analysis that explain how political systems shape economic policies and national development.

Persson highlights the importance of state capacity in explaining differences in prosperity and stability across countries, noting that states with stronger institutions tend to be richer and less violent. His research with Timothy Besley has examined how the ability to collect taxes, enforce laws and provide public goods contributes to economic development. He also emphasizes the role of political incentives and institutional quality in understanding the conditions that foster economic growth and reduce social conflict.