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October 15, 2019

Abhijit Banerjee, Esther Duflo, Michael Kremer win Nobel Prize for Economics

In this Mint article by Asit Ranjan Mishra, Niranjan Rajadhyaksha’s cover on Abhijeet Banerjee and Esther Duflo is quoted in the context of the Nobel Prize win for Banerjee, Duflo and Kremer. Excerpts: 


"The Nobel prize committee said 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.


In mid-1990s, Michael Kremer and his colleagues demonstrated how powerful this approach can be, using field experiments to test a range of interventions that could improve school results in western Kenya.


Some of the most insightful work from Banerjee and Duflo is on the way poor families spend money, according to a Lounge cover on the duo by Niranjan Rajadhyaksha titled What Really Drives Poor" published in June, 2011."


Read the full article here


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