THE 2019 SVERIGES RIKSBANK PRIZE IN ECONOMIC SCIENCES IN MEMORY OF ALFRED NOBEL
Oct. 15, 2019
The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded jointly to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”.
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The Nobel citation says that the research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. The “new, powerful tool” employed by the Laureates is the use of Randomised Control Trials (RCTs).
Duflo is married to Banerjee, who have been collaborating for long, and in 2011 wrote the book Poor Economics: Rethinking Poverty & The Ways to End it together. The couple are at the Massachusetts Institute of Technology; Michael Kremer is at Harvard University.
Duflo is only the second woman, after Elinor Ostrom in 2009, to win the economics Nobel.
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