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.