Friday November 22, 2019

Nobel goes to economists fighting global poverty

Abhijit Banerjee, Esther Duflo and Michael Kremer honoured for "experimental approach"

14th October, 2019

Abhijit Banerjee and Esther Duflo. Duflo is the second woman and the youngest person ever to win the economics prize. Photo: Jim Davis/The Boston Globe via Getty Images

MIT professors Abhijit Banerjee, a 58-year-old who was born in India, and his wife Esther Duflo, who was born in France in 1972, shared the prize with Harvard’s Michael Kremer “for their experimental approach to alleviating global poverty”.

“The research conducted by this year’s laureates has considerably improved our ability to fight global poverty,” the Royal Swedish Academy of Sciences said on Monday.

“In just two decades, their...

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