3 Win Nobel Prize In Economic Sciences For Work In Reducing Poverty

3 Win Nobel Prize In Economic Sciences For Work In Reducing Poverty

The Nobel Prize

@NobelPrize

BREAKING NEWS:
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.”

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The announcement was made by the academy’s secretary-general, Göran K. Hansson.

“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.

Their key innovation has been in breaking the issues of global poverty into smaller questions that can be more easily addressed, the academy said.

Banarjee and Duflo are from the Massachusetts Institute of Technology. Banarjee is Indian-American and Duflo, who is French-American, is only the second woman ever to receive the economics Nobel. The two economists are married to each other.

Kremer, an American, is the Gates Professor of Developing Societies at Harvard.

Esther Duflo of France waves after receiving the Princess of Asturias award for Social Sciences from Spain’s King Felipe VI at a ceremony in Oviedo, northern Spain. She is only the second woman to win the 2019 Nobel Prize in Economic Sciences, sharing it with Abhijit Banarjee and Michael Kremer.

Jose Vicente/AP

The prize, officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 by Sweden’s central bank, Sveriges Riksbank. Monday’s award is the 51st Nobel in Economics.

The prize this year is worth 9 million Swedish crown ($915,300).

The article appeared in the www.npr.org on 14 October 2019

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