JNU Alumni Abhijit Banerjee wins Nobel Prize in Economics

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Indian-American Abhijit Banerjee and his wife Esther Duflo and Michael Kremer jointly won the 2019 Economics Nobel Prize on Monday “For their experimental approach to alleviating global poverty.”

Abhijit Banerjee (58), was educated at University of Calcutta, Jawaharlal Nehru University and PhD from Harvard University in 1988.

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At present he is Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. 

In 2003, Abhijit founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with Duflo and Sendhil Mullainathan and he himself worked as one of the lab’s directors.

He also worked with UN Secretary General’s High-level Panel of Eminent Persons on the Post -2015 Development Agenda.

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The Nobel committee issued a statement “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.”

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