" alt="Academy of Sciences permanent secretary Hans Ellegren, centerace291, Jakob Svensson, left, and Jan Teorell, of the Nobel assembly announce the Nobel memorial prize in economics winners, Daron Acemoglu, Simon Johnson and James A Robinson, seen

You’re reading the Australia Letter newsletter.News, features and opinion for readers in the region, plus fun local recommendations. Get it sent to your inbox. The Australia Letter is a weekly newsletter from our Australia bureau. Sign up to get it