A trio of US-based experts have won the 2024 Nobel prize in economics for their insights into helping explain global inequality. Daron Acemoglu and Simon Johnson, who work at the Massachusetts Insitute of Technology, and Chicago-based James A. Robinson were awarded the prize “for studies of how institutions are formed and affect prosperity,” the Royal Swedish Academy of Sciences announced on Monday. Jakob Svensson, the chair of the economics prize committee, said the experts had helped to explain why “the gaps between rich and poor are so persistent.” They had “pioneered new approaches, both e…