14 October,2019 03:45 PM IST | | PTI
Abhijit Banerjee. Pic courtesy/AFP
Indian-American Abhijit Banerjee, Esther Duflo and Michael Kremer jointly won the 2019 Nobel Economics Prize on Monday "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," said the Nobel committee in a statement.
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988.
ALSO READ
IMD issues yellow warning for cold wave, dense fog in five Himachal districts
Merck Foundation Africa Research Summit–MARS Awards 2024 of Best African Women Researchers and Young Researchers Announced
PM Modi, Andhra CM Naidu undertake roadshow in Vizag
Bihar govt initiates process for construction of 3 five-star hotels in Patna
Sonalika Makes a Stellar Debut in the ‘Fortune 500 India’ 2024 to rank among the nation’s largest companies
He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, according to his profile on the MIT website.
In 2003, Banerjee founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with Duflo and Sendhil Mullainathan, and he remains one of the lab's directors.
He also served on the UN Secretary-General's High-level Panel of Eminent Persons on the Post-2015 Development Agenda.
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates
