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World Pioneers in fight against poverty win 2019 Nobel economics prize

14:30  14 october  2019
14:30  14 october  2019 Source:   reuters.com

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A woman will share the Nobel Economics prize - becoming only the second female winner in the award's 50-year history - and the youngest at The Academy says the work of the three economists had shown how the problem of poverty could be tackled by breaking it down into smaller and more

Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty , the Royal Swedish Academy of Sciences said on Monday. Emily Wither has the details.

Esther Duflo talking on a cell phone: French economist Esther Duflo gets fitted with an earphone before a news conference in Oviedo, © Reuters/Eloy Alonso French economist Esther Duflo gets fitted with an earphone before a news conference in Oviedo, Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of Sciences said on Monday.

French-American Duflo becomes only the second female economics winner in the prize's 50-year history, as well as the youngest at 46.

She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States.

Pictures: The 2019 Nobel Prize winners

The Academy said the work of the three economists had shown how the problem of poverty could be tackled by breaking it down into smaller and more precise questions in areas such as education and healthcare, making problems easier to tackle.

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Economists Abhijit Banerjee, Esther Duflo, and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty , the Royal Swedish Academy of Sciences said on Monday.

STOCKHOLM, Oct 14 — Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting The 2018 Nobel Economics Prize was jointly awarded to US economists William Nordhaus and Paul Romer, pioneers in adapting the western

"As a direct result of one of their studies, more than five million Indian children have benefited from effective programmes of remedial tutoring in school," the Academy said in a statement.

Abhijit Banerjee, Esther Duflo, Michael Kremer posing for the camera: Nobel Prize in Economics © Reuters/TT NEWS AGENCY Nobel Prize in Economics "Another example is the heavy subsidies for preventive healthcare that have been introduced in many countries."

The 9 million Swedish crown ($915,300) ($NZ 1.45m) economics prize is a later addition to the five awards created in the will of industrialist and dynamite inventor Alfred Nobel, established by the Swedish central bank and first awarded in 1969.

Abhijit Banerjee, Göran K. Hansson, Esther Duflo, Michael Kremer posing for a photo in front of a television: Nobel Prize in Economics © Reuters/TT NEWS AGENCY Nobel Prize in Economics Economics is the last of the awards to be announced with the winners for medicine, physics, chemistry, literature and peace having been unveiled over the course of last week.

The 2018 Nobel Economics Prize was jointly awarded to U.S. economists William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology.

Nordhaus' recognition has proved controversial, with critics arguing the model he created to describe the interplay between the economy and the climate seriously underestimated climate change-related risks.

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