Business Standard

Monday, December 23, 2024 | 08:38 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

In economics of helping the poor, Abhijit Banerjee gives clear answers

Banerjee, Duflo and Kremer together have launched a movement within development economics

nobel prize in economics
Premium

(From left) Abhijit Banerjee, Esther Duflo, and Michael Kremer, the winners of 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Mihir S Sharma New Delhi
The 2019 Nobel Memorial Prize in Economic Sciences has been awarded to three economists: Abhijit Banerjee, Esther Duflo, and Michael Kremer. The first two teach at the Massachusetts Institute of Technology and the last named at Harvard University; both campuses are in Cambridge, Massachusetts, and their development economic programmes often share resources and students. They received the award for their contribution to reviving development economics, particularly through the popularisation of “randomised control trials” (RCTs) that break larger questions about policy interventions into smaller, easier to test studies.

The Nobel Committee highlighted how their “experiment-based approach has transformed development economics” over

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in