Abhijit Banerjee wins Nobel for economics
ALLEVIATING POVERTY Indian-american shares award with wife Duflo, Kremer
STOCKHOLM/ NEW DELHI: IndianAmerican Abhijit Banerjee on Monday won the 2019 Nobel Economics Prize on Monday for pioneering new ways to alleviate global poverty.
He shared the award equally with his French-american wife Esther Duflo and Michael Kremer, also of the United States. Banerjee and Duflo are at the Massachusetts Institute of Technology (MIT), while Kremer is at Harvard University. The three have often worked together.
The Royal Swedish Academy of Sciences said their work had shown how poverty could be addressed by breaking it down into smaller and more precise questions in areas such as education and healthcare, making problems easier to solve.
It said the results of their studies and field experiments had ranged from helping millions of Indian schoolchildren with remedial tutoring to encouraging governments around the world to increase funding for preventative medicine. Abhijit Banerjee
Professor, Massachusetts Institute of Technology, Cambridge
Born: 1961 in Mumbai, India
Alumni of JNU, Harvard University
Esther Duflo
Professor, Massachusetts Institute of Technology, Cambridge
Born: 1972 in Paris, France
Alumni of Massachusetts Institute of Technology
Michael Kremer
Professor, Harvard University Born: 1964 in United States Alumni of Harvard
University, Cambridge
Abhijit Banerjee
Born in Mumbai, 58-year-old Banerjee is currently the Ford Foundation International Professor of Economics at MIT. He studied at the University of Calcutta and Delhi’s Jawaharlal Nehru University before receiving his PHD in 1988 from Harvard Uni"Congratulations to Abhijit Banerjee ... He has made notable contributions in the field of poverty alleviation."
Narendra Modi, Prime Minister versity.
In 2003, he co-founded the Abdul Latif Jameel Poverty Action Lab, along with Duflo. He’s the author of four books, including Poor Economics, for which he won the Financial Times and Goldman Sachs Busi
Esther Duflo
Michael Kremer
ness Book of the Year Award in 2011. The book has been translated into more than 17 languages.
Banerjee this year advised the Congress, ahead of the general elections in May, about offering