Abhijit Banerjee, Esther Duflo and Micheal Kremer win the Economics Nobel 2019
“for their experimental approach to alleviating global poverty”
Nobel Laureates for Economics 2019 are Indian American Abhijit Vinayak Banerjee, his French American wife Esther Duflo and Micheal Kremer. Both Abhijit and Esther teach at the Massachisettes Institute of Technology. Kremer is with Harvard University.
The Nobel Citation mentioned about the award winning work that, “ Their research is helping us fight poverty.The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.”
Indian American economist Abhijit Vinayak Banerjee wins Economics Nobel 2019 along with Esther Duflo and Micheal Kremer for their work on finding new ways to alleviate global poverty.
He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, according to his profile on the MIT website.
In 2003, Banerjee founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with Duflo and Sendhil Mullainathan, and he remains one of the lab’s directors.
He also served on the UN Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.
As a direct result of one of their studies, more than five million Indian children have benefitted from effective programmes of remedial tutoring in schools. Another example is the heavy subsidies for preventive healthcare that have been introduced in many countries, it added.
“Showing that it is possible for a woman to succeed and be recognised for success I hope is going to inspire many, many other women to continue working and many other men to give them the respect they deserve,” Duflo said at a press conference soon after the announcement.
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988.
He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, according to his profile on the MIT website.
Abhijit Banerjee, Esther Duflo and Micheal Kremer win the Economics Nobel 2019
Author: Nidhi Arora
