Published On : Mon, Oct 14th, 2019

India-origin economist Abhijit Banerjee, 2 others win Nobel

The 2019 Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.

In a statement, the Nobel committee said that “the research conducted by the 2019 Economic Sciences 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”.

“This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. It divides this issue into smaller, more manageable questions — for example, the most effective interventions for improving child health.”

Economic Sciences Laureate Esther Duflo, born in 1972, is the second woman and the youngest person to be awarded the Prize in Economic Sciences.