Indian-American Abhijit Banerjee, two others win 2019 Nobel economics prize

"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

Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard University were awarded the 2019 Nobel Prize in Economics “for their experimental approach to alleviating global poverty.”

“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,” according to a statement on Monday.

Banerjee, born 1961 in India, got his PhD in 1988 from Harvard University. Duflo, who was born in 1972 in Paris, obtained her Ph.D in