Oslo: October 14:2019 Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.
Banarjee and Duflo are from the Massachusetts Institute of Technology. Banarjee is Indian-American and Duflo, who is French-American, is only the second woman ever to receive the economics Nobel.
Kremer, an American, is the Gates Professor of Developing Societies at Harvard.
Abhijit Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.