MIT congratulates its Nobel-winning profs
October 14, 2019 17:55
Congratulating India-born professor Abhijit Banerjee and his French-American wife Esther Duflo for winning the Nobel prize in Economics, the Massachusetts Institute of Technology (MIT) said that their work has dramatically improved global ability to fight poverty in practice, including in India.
Born in Mumbai, the 58-year-old economist is currently the Ford Foundation International Professor of Economics at the MIT. Along with Harvard University economist Michael Kremer, Banerjee and Duflo, who is the second woman and the youngest person ever to receive the Nobel in economic sciences, were named co-winners of the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
In a press release, the MIT said the "work of Duflo and Banerjee has emphasised the use of field experiments in research, to bring the principles of laboratory-style randomised, controlled trials to empirical economics. "They have studied a wide range of topics implicated in global poverty, including health care provision, education, agriculture, and gender attitudes, while developing new antipoverty programs based on their research," the MIT said.
Earlier in a tweet, the MIT congratulated the duo on winning one of the most prestigious award in the world. "The 2019 Economic Sciences Laureates' research findings have dramatically improved our ability to fight poverty in practice. As a result of one of their studies, more than 5 million Indian children have benefitted from programmes of remedial tutoring in schools," the MIT tweeted. "MIT's Abhijit Banerjee and Esther Duflo have won the @NobelPrize in #economics, for their experimental approach to alleviating global poverty. Congratulations! They share the prize with Michael Kremer of Harvard,' the institute said in a tweet on Monday.
The MIT said that in 2003, Duflo and Banerjee (along with Sendhil Mullainathan, now of the University of Chicago) co-founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), a global network of antipoverty researchers that conducts field experiments. The MIT said J-PAL works to both discern which kinds of local interventions have the greatest impact on social problems, and to implement those programmes more broadly, in cooperation with governments and NGOs.
Among J-PAL's notable interventions are deworming programmes that have been adopted widely. Duflo received her undergraduate degree from the Ecole Normale Superieure in Paris in 1994, after studying both history and economics. She earned a master's degree in economics the next year, jointly through the Ecole Normale Superieure and the Ecole Polytechnique. Duflo then earned her PhD in economics from MIT in 1999.
She joined the MIT faculty the same year, and has remained at MIT her entire career. She is currently the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics.
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