What does this year's Nobel Prize for economics celebrate?

October 14, 2019 15:46

The Royal Swedish Academy explains why the trio won the Economics Nobel:

"In the mid-1990s, Economic Sciences Laureate Michael Kremer and his colleagues demonstrated how powerful an experiment-based approach can be, using field experiments to test a range of interventions that could improve school results in western Kenya.

Abhijit Banerjee and Esther Duflo, often with Michael Kremer, soon performed similar studies of other issues and in other countries. Their experimental research methods now entirely dominate development economics.

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