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Paris Olympics Day 15: US wins gold in men's basketball and women's soccer, adds 3 golds in track

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Paris Olympics Day 15: US wins gold in men's basketball and women's soccer, adds 3 golds in track
Sport

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Paris Olympics Day 15: US wins gold in men's basketball and women's soccer, adds 3 golds in track

2024-08-11 06:27 Last Updated At:06:31

PARIS (AP) — The U.S. collected gold in men’s basketball and women’s soccer and earned three more golds in a huge night at the track Saturday at the Paris Olympics.

Stephen Curry scored 24 points to lead Team USA over France 98-87 at Bercy Arena to win its fifth straight gold medal and 17th overall. France got 26 points from star Victor Wembanyama, but it wasn’t enough to earn the host nation its first gold medal in the sport.

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Charles XVI Gustav, second left, King of Sweden, meets with French President Emmanuel Macron and his wife Brigitte, on the last night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Charles XVI Gustav, second left, King of Sweden, meets with French President Emmanuel Macron and his wife Brigitte, on the last night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Mick Jagger and wife Melanie Hamrick attend the final night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Mick Jagger and wife Melanie Hamrick attend the final night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists stand on the podium, at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists stand on the podium, at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists, centre, silver medalists, of the Netherlands, left, and bronze medalists, of Britain, pose for a group photo at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists, centre, silver medalists, of the Netherlands, left, and bronze medalists, of Britain, pose for a group photo at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Gabrielle Thomas, of the United States, hands off to teammate Alexis Holmes, for the final leg of the women's 4x400-meter relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Bernat Armangue)

Gabrielle Thomas, of the United States, hands off to teammate Alexis Holmes, for the final leg of the women's 4x400-meter relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Bernat Armangue)

The United States' Christopher Bailey, takes a victory lap after his team won the men's 4 x 400 meters relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/David Goldman)

The United States' Christopher Bailey, takes a victory lap after his team won the men's 4 x 400 meters relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/David Goldman)

Mallory Swanson, of the United States, up, celebrates with Lindsey Horan, of the United States, after scoring her side's first goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Mallory Swanson, of the United States, up, celebrates with Lindsey Horan, of the United States, after scoring her side's first goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Mallory Swanson of the United States celebrates after scoring the opening goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Aurelien Morissard)

Mallory Swanson of the United States celebrates after scoring the opening goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Aurelien Morissard)

Brazil's goalkeeper Lorena, left, fails to save a goal by Mallory Swanson, of the United States, right, during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Brazil's goalkeeper Lorena, left, fails to save a goal by Mallory Swanson, of the United States, right, during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Victor Wembanyama (32), of France reacts during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

Victor Wembanyama (32), of France reacts during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' LeBron James (6) and United States' Stephen Curry (4) celebrates after scoring a basket against France during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' LeBron James (6) and United States' Stephen Curry (4) celebrates after scoring a basket against France during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Kevin Durant (7) and United States' Stephen Curry (4) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Kevin Durant (7) and United States' Stephen Curry (4) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' LeBron James (6) passes the ball during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' LeBron James (6) passes the ball during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' Stephen Curry (4) celebrates after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) celebrates after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) and LeBron James (6) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) and LeBron James (6) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

The U.S. needed a rally to beat Serbia 95-91 in a compelling semifinal. In the final, Curry hit four 3-pointers in the last three minutes. When he made the last one, which pushed the lead to 96-87 with 35 seconds left, he put his hands to the side of his face in a “go to sleep” gesture.

“I think we might be the only team in the world whose fans are ashamed of them if they get a silver medal,” U.S. coach Steve Kerr said. “That’s the pressure that we face. But our players, and you saw Steph, they love the pressure. They appreciate this atmosphere and they were fantastic.”

Kevin Durant, who became the first four-time men’s gold medalist in Olympic basketball history, added 15 points and LeBron James had 14. As the final seconds ticked off the clock, James pumped his fist before embracing Durant.

It’s the fourth Olympic silver for France, which was runner-up to the Americans in 1948, 2000 and 2020. Wembanyama, this year's NBA Rookie of the Year, cried as the U.S. celebrated. Later, Durant gave him a hug and the two talked for a couple of minutes.

Earlier Saturday, the U.S. women’s soccer team beat Brazil 1-0 on a second-half goal by Mallory Swanson to win its fifth Olympic gold medal and first since 2012 in London.

After Swanson put the Americans on top, goalkeeper Alyssa Naeher secured the win with a one-handed save on Adriana’s header in stoppage time at Parc des Princes.

“We’ve grown so much,” said Swanson, who was making her 100th national team appearance. “And that’s really cool to me seeing that. We’ve grown on and off the field. And you keep probably hearing it — we’re playing with joy. We’re having so much fun and I’m just so happy.”

In the final night of events at Stade de France, the U.S. won both 4x400 relays and Masai Russell took gold in a photo finish in the 100-meter hurdles.

The U.S. won 34 track medals in the Paris Games for the country’s most at a non-boycotted Olympics since the early 20th century, when there were more events and fewer countries. The 14 golds are the most in a non-boycotted Olympics since Bob Beamon, Tommie Smith and John Carlos led the U.S. to 15 wins in 1968.

Sydney McLaughlin-Levrone and Gabby Thomas led the Americans to a 4.23-second win in the women’s 4x400 relay.

The gold medalists in the 400 hurdles and 200 meters took care of legs two and three for the United States, handing a 30-meter lead to Alexis Holmes, who didn’t lose any ground.

The U.S. finished in 3 minutes, 15.27 seconds, only .1 short of the world record.

The American men won gold in the same race in a much closer finish about 15 minutes earlier.

Rai Benjamin held off Letsile Tebogo on the anchor leg to give the men an Olympic-record time. Benjamin added this Olympic title to the one he claimed in the 400-meter hurdles a night earlier and prevented 200-meter champion Tebogo from giving Botswana another triumph over the Americans.

It was Tebogo, the 21-year-old sprinting sensation, who stole the spotlight — and the gold — from the U.S. in the 200 on Thursday, relegating Kenny Bednarek to silver and Noah Lyles, who tested positive for COVID-19, to bronze.

The U.S. quartet of Christopher Bailey, Vernon Norwood, Bryce Deadmon and Benjamin completed the four laps in 2 minutes, 54.43 seconds, nearly a second faster than the American 4x400 team ran at the 2008 Beijing Olympics. And Saturday’s time was just .14 seconds off the world record set by the United States in 1993.

“Team USA have always had dominance over the 4x4,” Bailey said, “and we just wanted to keep it going.”

In the hurdles, Masia Russell beat Cyrena Samba-Mayela, whose silver medal marks the first of any color for France at the Olympic track meet.

In a close-as-can-be race down the straightaway, Russell finished in 12.33 seconds but had to wait 15 seconds to learn she had beaten the Frenchwoman by .01.

Defending champion Jasmine Camacho-Quinn, who competes for Puerto Rico, was another .02 back for bronze in front of a boisterous crowd the included French President Emmanuel Macron and Mick Jagger.

No cheers were louder than those for Samba-Mayela, who ended a shutout for the host country.

“I want to celebrate with the French public because they supported me and pushed me throughout all these Olympic Games,” Samba-Mayela said.

Boxer Lin Yu-ting of Taiwan won a gold medal in the women’s featherweight division Saturday night, following Imane Khelif’s lead a day earlier with a glittering response to the intense scrutiny faced by both fighters inside the ring and around the world over misconceptions about their womanhood.

Lin beat Julia Szeremeta of Poland 5:0 in the final at Roland Garros, capping her four-fight unbeaten run through Paris by ensuring that Taiwan’s first Olympic boxing medal is golden.

“I feel incredible,” Lin said after her fourth consecutive 5:0 win. “I want to thank everyone who has supported me, and thanks to my team and everyone in Taiwan. They gave me the power.”

On Friday, Khelif won Algeria’s first women’s boxing medal with a decisive victory in her own final, beating Yang Liu of China.

Both fighters persevered through an avalanche of criticism and uninformed speculation about their sex during the Paris tournament to deliver the best performances of their boxing careers. Lin won all four of her bouts 5:0, even if she didn’t win every round on every judge’s card as Khelif did.

Lydia Ko completed her Olympic medal collection with the most valuable of them all, a gold medal that puts the 27-year-old Kiwi into the LPGA Hall of Fame.

“I knew the next 18 holes were going to be some of the most important 18 holes of my life,” Ko said. “I knew being in this position was once in a lifetime.”

Ko built a five-shot lead on the back nine at Le Golf National as her closest pursuers all collapsed, and then had to hang on until the very end. Her lead down to one, Ko made a 7-foot birdie putt for a 1-under 71 and a two-shot victory.

Ko won the silver medal in Rio de Janeiro. She won the bronze in Tokyo. The missing one turned out to be more valuable than its weight in gold. The victory pushed her career total to 27 points for the LPGA Hall of Fame, one of the strictest criteria for any shrine.

Cao Yuan defended his title in the men’s 10-meter platform and gave China an unprecedented sweep of the diving gold medals at the Paris Games.

The Big Red Machine won all eight golds at the Olympic Aquatics Centre, most of them with dominating victories.

That wasn’t the case in the final diving event of the Games. With teammate Yang Hao having an uncharacteristically poor day and Rikuto Tamai of Japan keeping the pressure on until a botched dive in the next-to-last round, the burden of completing the sweep fell entirely on Cao’s slender shoulders.

“I believe in myself,” Cao said through an interpreter. “I am very, very confident.”

AP Olympics: https://apnews.com/hub/2024-paris-olympic-games

Charles XVI Gustav, second left, King of Sweden, meets with French President Emmanuel Macron and his wife Brigitte, on the last night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Charles XVI Gustav, second left, King of Sweden, meets with French President Emmanuel Macron and his wife Brigitte, on the last night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Mick Jagger and wife Melanie Hamrick attend the final night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Mick Jagger and wife Melanie Hamrick attend the final night of track and field events at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists stand on the podium, at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists stand on the podium, at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists, centre, silver medalists, of the Netherlands, left, and bronze medalists, of Britain, pose for a group photo at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

The United States' women 4x400-meter relay gold medalists, centre, silver medalists, of the Netherlands, left, and bronze medalists, of Britain, pose for a group photo at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader)

Gabrielle Thomas, of the United States, hands off to teammate Alexis Holmes, for the final leg of the women's 4x400-meter relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Bernat Armangue)

Gabrielle Thomas, of the United States, hands off to teammate Alexis Holmes, for the final leg of the women's 4x400-meter relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/Bernat Armangue)

The United States' Christopher Bailey, takes a victory lap after his team won the men's 4 x 400 meters relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/David Goldman)

The United States' Christopher Bailey, takes a victory lap after his team won the men's 4 x 400 meters relay final at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Saint-Denis, France. (AP Photo/David Goldman)

Mallory Swanson, of the United States, up, celebrates with Lindsey Horan, of the United States, after scoring her side's first goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Mallory Swanson, of the United States, up, celebrates with Lindsey Horan, of the United States, after scoring her side's first goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Mallory Swanson of the United States celebrates after scoring the opening goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Aurelien Morissard)

Mallory Swanson of the United States celebrates after scoring the opening goal during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Aurelien Morissard)

Brazil's goalkeeper Lorena, left, fails to save a goal by Mallory Swanson, of the United States, right, during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Brazil's goalkeeper Lorena, left, fails to save a goal by Mallory Swanson, of the United States, right, during the women's soccer gold medal match between Brazil and the United States at the Parc des Princes during the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Vadim Ghirda)

Victor Wembanyama (32), of France reacts during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

Victor Wembanyama (32), of France reacts during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' LeBron James (6) and United States' Stephen Curry (4) celebrates after scoring a basket against France during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' LeBron James (6) and United States' Stephen Curry (4) celebrates after scoring a basket against France during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Kevin Durant (7) and United States' Stephen Curry (4) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Kevin Durant (7) and United States' Stephen Curry (4) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' LeBron James (6) passes the ball during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' LeBron James (6) passes the ball during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Michael Conroy)

United States' Stephen Curry (4) celebrates after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) celebrates after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) and LeBron James (6) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

United States' Stephen Curry (4) and LeBron James (6) celebrate after beating France to win the gold medal during a men's gold medal basketball game at Bercy Arena at the 2024 Summer Olympics, Saturday, Aug. 10, 2024, in Paris, France. (AP Photo/Mark J. Terrill)

STOCKHOLM (AP) — The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research that explains why societies with poor rule of law and exploitative institutions do not generate sustainable growth.

The three economists “have demonstrated the importance of societal institutions for a country’s prosperity,” the Nobel committee of the Royal Swedish Academy of Sciences said at the announcement in Stockholm.

Acemoglu and Johnson work at the Massachusetts Institute of Technology and Robinson conducts his research at the University of Chicago.

“Reducing the vast differences in income between countries is one of our time’s greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this,” Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences, said.

He said their research has provided "a much deeper understanding of the root causes of why countries fail or succeed.”

Reached by the academy in Athens, Greece, where he is due to speak at a conference, the Turkish-born Acemoglu, 57, said he was surprised and shocked by the award.

“You never expect something like this," he said.

Acemoglu said the research honored by the prize underscores the value of democratic institutions.

“I think broadly speaking the work that we have done favors democracy,” he said in a telephone call with the Nobel committee and reporters in Stockholm.

But he added that “democracy is not a panacea. Introducing democracy is very hard. When you introduce elections, that sometimes creates conflict.”

Asked about how economic growth in countries like China fits into the theories, Acemoglu said that "my perspective is generally that these authoritarian regimes, for a variety of reasons, are going to have a harder time ... in achieving ... long-term sustainable innovation outcomes.”

Acemoglu and Robinson wrote the 2012 bestseller “Why Nations Fail: The Origins of Power, Prosperity, and Poverty,’’ which argued that manmade problems were responsible for keeping countries poor.

In their work, the winners looked, for instance, at the city of Nogales, which straddles the U.S.-Mexico border.

Despite sharing the same geography, climate, many of the same ancestors and a common culture, life is very different on either side of the border. In Nogales, Arizona, to the north, residents are relatively well-off and live long lives; most children graduate from high school. To the south, in Mexico’s Nogales, Sonora, “residents here are in general considerably poorer. ... Organized crime makes starting and running companies risky. Corrupt politicians are difficult to remove, even if the chances of this have improved since Mexico democratized, just over 20 years ago," the Nobel committee wrote.

The difference, the economists found, is a U.S. system that protects property rights and gives citizens a say in their government.

Acemoglu expressed worry Monday that democratic institutions in the United States and Europe were losing support from the population. “Democracies particularly underperform when the population thinks they underdeliver," he said. “This is a time when democracies are going through a rough patch. … It is, in some sense, quite crucial that they reclaim the high ground of better governance."

The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. The central bank established it in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist who invented dynamite and established the five Nobel Prizes.

Though Nobel purists stress that the economics prize is technically not a Nobel Prize, it is always presented together with the others on Dec. 10, the anniversary of Nobel's death in 1896.

Nobel honors were announced last week in medicine, physics, chemistry, literature and peace.

Corder reported from The Hague, Netherlands.

Journalists listen when Jan Teorell of the Nobel assembly announces the Nobel memorial prize in economics winners during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Journalists listen when Jan Teorell of the Nobel assembly announces the Nobel memorial prize in economics winners during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

FILE - Daron Acemoglu of the Massachusetts Institute of Technology smiles in this image taken on June 22, 2019 in Kiel, Germany, as he and Simon Johnson and James A. Robinson won the Nobel prize in economics for research into reasons why some countries succeed and others fail. (Frank Molter, dpa via AP, File)

FILE - Daron Acemoglu of the Massachusetts Institute of Technology smiles in this image taken on June 22, 2019 in Kiel, Germany, as he and Simon Johnson and James A. Robinson won the Nobel prize in economics for research into reasons why some countries succeed and others fail. (Frank Molter, dpa via AP, File)

The Nobel memorial prize in economics awarded to Daron Acemoglu, Simon Johnson and James A Robinson, seen on screen, during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

The Nobel memorial prize in economics awarded to Daron Acemoglu, Simon Johnson and James A Robinson, seen on screen, during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 on screen, during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

Academy of Sciences permanent secretary Hans Ellegren, center, 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 on screen, during a press meeting at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday Oct. 14, 2024. (Christine Olsson/TT News Agency via AP)

FILE - A close-up view of a Nobel Prize medal at the National Institutes of Health (NIH) in Bethesda, Md., Tuesday, Dec. 8, 2020. (AP Photo/Jacquelyn Martin, File)

FILE - A close-up view of a Nobel Prize medal at the National Institutes of Health (NIH) in Bethesda, Md., Tuesday, Dec. 8, 2020. (AP Photo/Jacquelyn Martin, File)

The Nobel economics prize is being announced in Sweden

The Nobel economics prize is being announced in Sweden

The Nobel economics prize is being announced in Sweden

The Nobel economics prize is being announced in Sweden

FILE - A bust of Alfred Nobel on display following a press conference at the Karolinska Institute in Stockholm, Sweden, on Monday, Oct. 3, 2022. (Henrik Montgomery/TT News Agency via AP, File)

FILE - A bust of Alfred Nobel on display following a press conference at the Karolinska Institute in Stockholm, Sweden, on Monday, Oct. 3, 2022. (Henrik Montgomery/TT News Agency via AP, File)

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