Nobel Prize 2019 for Economics: Who is Abhijit Banerjee?
Abhijit Banerjee, an Indian origin economist, has been awarded the Nobel Prize in Economics for the year 2019. The Royal Swedish Academy has decided to award Nobel Prize 2019 in Economics to three economists – Abhijit Banerjee and his wife Esther Duflo from MIT and Michael Kremer from Harvard.
Abhijit Banerjee and other laureates have been awarded for their research and experimental approach to alleviating global poverty. According to the press release of The Royal Swedish Academy of Sciences, in just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.
Who is Abhijit Banerjee?
• Abhijit Banerjee is an Indian-American economist. He was born in 1961 in Kolkata, India.
• Abhijit Banerjee completed his Masters in Economics at JNU, New Delhi, in 1983.
• He got his Ph.D. degree in 1988 from Harvard University, USA.
• He is an International Professor of Economics at Massachusetts Institute of Technology, Cambridge, USA.
• He is also a co-founder of the Abdul Latif Jameel Poverty Action Lab along with economists Sendhil Mullainathan and Esther Duflo.
• Abhijit Banerjee married MIT lecturer Arunadhathi Tuli Banerjee, but they later divorced. After this, Abhijit married economist Esther Duflo in the year 2015. Esther along with Abhijit has been jointly awarded the Nobel Prize for Economics this time.
• Abhijit was the former president of Banerjee Bureau for the Research in the Economic Analysis of Development. He was also a research associate of the American Academy of Arts and Sciences and the Economic Society, USA.
• He has also been the secretary of the high-level panel of the United Nations for the post-2015 development agenda.
• His book ‘Poor Economics’ has got the title of Goldman’s Sash Business Book of the Year.