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Nagpur City No 1 eNewspaper : Nagpur Today

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Published On : Mon, Oct 14th, 2019
National News | By Nagpur Today Nagpur News

Nobel winner Banerjee shares prize with wife

Indian-American Abhijit Banerjee, who won the 2019 Nobel Prize for Economics jointly with his wife Esther Duflo and another economist Michael Kremer on Monday, is currently the Ford Foundation International Professor of Economics at the US-based Massachusetts Institute of Technology (MIT).

Banerjee, born in 1961 in Mumbai, bagged the award for his “experimental approach to alleviating global poverty”.

The 58-year-old economist received his PhD in 1988 from Harvard University. He also studied at the University of Calcutta and Delhi’s Jawaharlal Nehru University.

In 2003, he founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with his French-American wife Duflo, who is also a MIT professor, and Sendhil Mullainathan.

He remains one of the lab’s directors, according to the MIT website. Banerjee is a past president of the Bureau for the Research in the Economic Analysis of Development, a Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute, a fellow of the American Academy of Arts and Sciences and the Econometric Society, and has been a Guggenheim Fellow and an Alfred P Sloan Fellow and a winner of the Infosys prize.

He is the author of a large number of articles and four books, including ‘Poor Economics’, which won the Goldman Sachs Business Book of the Year Award in 2011. The ‘Poor Economics’ has been translated into more than 17 languages.

“Why would a man in Morocco who doesn’t have enough to eat buy a television? Why is it so hard for children in poor areas to learn, even when they attend school? Does having lots of children actually make you poorer? Answering questions like these is critical if we want to have a chance to really make a dent against global poverty,” Banerjee wrote in the book ‘Poor Economics’.

He is the editor of three more books and has directed two documentary films. He also served on the UN Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda, the website said.

Bad economic policies are bad for the country: Banerjee

As congratulatory messages pour in for India-born, JNU and Presidency-college bred Nobel economics co-winner Abhijit Banerjee, the congratulatory tweet from the Twitter-happy PM is missing. We wonder if its because Banerjee has been a vocal critic of the government’s economic policies, like this column her wrote for ABP in Bengali, where he said ‘Narendra Modi does not accept his mistakes and the nation is suffering for it.” If you can read the language, here’s the column.

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