Monday (October 14): The Nobel prize in economics has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.”
The Royal Swedish Academy of Sciences announced the prize today.
Banerjee and Duflo are both at Massachusetts Institute of Technology while Kremer is at Harvard University.
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.”#NobelPrize pic.twitter.com/SuJfPoRe2N— The Nobel Prize (@NobelPrize) October 14, 2019
“The research conducted by the 2019 Economic Sciences Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research,” said the statement released by the Academy.
The Royal Swedish Academy of Sciences has announced the last of the Nobel prizes.
“Showing that it is possible for a woman to succeed and be recognised for success I hope is going to inspire many, many other women to continue working and many other men to give them the respect they deserve.”
– Esther Duflo at today’s press conference announcing her prize. pic.twitter.com/vTVBus80Hv
— The Nobel Prize (@NobelPrize) October 14, 2019
The prize — officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel — wasn’t created by the prize founder, but it is considered to be part of the Nobel stable of awards.
The prize was created by Riksbanken, the Swedish central bank, in 1968, and the first winner was selected a year later.
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