Indian-American Abhijit Banerjee, Esther Duflo, Michael Kreme Jointly Win Nobel
GUWAHATI: Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kreme jointly won the 2019 Nobel Prize for economics “for their experimental approach to alleviating global poverty”, the Royal Swedish Academy of Sciences announced on Monday.
"The research conducted by this year's 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 Nobel committee in a statement.
Mumbai-born Abhijit Banerjee of the US, his French-American wife Esther Duflo -- a former advisor to ex-US president Barack Obama -- and Michael Kremer of the US were honoured "for their experimental approach to alleviating global poverty," the jury said.
Banerjee, 58, and Duflo, 46, are both professors at the Massachusetts Institute of Technology (MIT) in the US, while Kremer, 54, is a professor at Harvard University.