The Hush Post/ 04:40pm/ 1-min-read
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty, the Royal Swedish Academy of Sciences said on Monday.
“This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,” the academy said in statement.
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.”#NobelPrize pic.twitter.com/SuJfPoRe2N
— The Nobel Prize (@NobelPrize) October 14, 2019
Abhijit Banerjee is an Indian American economist of Bengali heritage. He is the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology, Boston.
Banerjee was born in Kolkata. His mother Nirmala Banerjee and father Dipak Banerjee were both professors of economics in different colleges in Kolkata.
He attended the Presidency College, Calcutta, and completed his MA in Economics at the Jawaharlal Nehru University, Delhi, in 1983. He went on to obtain a Ph.D in Economics at Harvard University in 1988. The subject of his doctoral thesis was “Essays in Information Economics.”
The 9 million Swedish crown ($915,300) economics prize is a later addition to the five awards created in the name of Alfred Nobel, established by the Swedish central bank and first awarded in 1969.