Abhijit Banerjee wins 2019 Nobel Economics Prize for study on poverty

Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer have jointly won the 2019 Nobel Economics Prize for their experimental approach to alleviating global poverty. Mr Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University (JNU) and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT). Ms Duflo is the 2nd woman to be awarded a Nobel in economics after Elinor Ostrom (2009) and  is also the youngest person-ever to receive the Economics Prize. The prize amount of 9 million Swedish krona will be shared equally between the three Laureates.