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Abhijit Banerjee, Esther Duflo, Michael Kremer awarded Nobel prize for Economics

Indian-American Abhijit Banerjee, two others win 2019 Nobel economics prize for their work on alleviating global poverty.

By Newsd
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Abhijit Banerjee, Esther Duflo, Michael Kremer awarded Nobel prize for Economics

The 2019 Nobel Prize in Economic Sciences has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer, for their work on alleviating global poverty.

The awarding institution in a statement said that their experiment-based approach is on tackling poverty — in the fast-growing area of development economics. The key to their research is to take the daunting issue of global poverty, and break it down into smaller questions — which can be more credibly answered.

The prize amount of 9 million Swedish krona will be shared equally between the three Laureates.

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