2019 Nobel Prize in Economics
On 14 October, 2019 the Sveriges Riksbank Prize in Economic Sciences for 2019 (Nobel Prize in Economic Sciences) was jointly awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer, for ‘their experimental approach to alleviating global poverty.’ Banerjee and Duflo are from Massachusetts Institute of Technology (MIT), and Michael Kremer is from the Harvard University.
About their Work
- This year’s laureates have introduced a new approach to obtain reliable answers about the best ways to fight global poverty.
- They received the award for their contribution to reviving development economics, particularly through the popularisation of “randomised control trials” that break larger questions ....
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