2019 Nobel Memorial Prize in Economic Sciences
2019 Nobel Memorial Prize in Economic Sciences / From Wikipedia, the free encyclopedia
The 2019 Nobel Memorial Prize in Economic Sciences was awarded jointly to the economist couple Abhijit Banerjee (born 1961), Esther Duflo-Banerjee (born 1972) and their colleague Michael Kremer (born 1964) "for their experimental approach to alleviating global poverty".[2][3][4] Banerjee and Duflo are the sixth married couple to jointly win a Nobel Prize.[5][6][7] The press release of the Royal Swedish Academy of Sciences noted:
"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. They have laid the foundations of the best way to design measures that reduce global poverty"[3][8]
The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel | ||||
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Date |
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Location | Stockholm | |||
Country | Sweden | |||
Presented by | Royal Swedish Academy of Sciences | |||
Reward(s) | 10 million SEK (2019)[1] | |||
First awarded | 1969 | |||
Website | Official website | |||
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Their key contribution to economics is the usage of randomized controlled trials (RCT) in development economics.[3][4]