Trio wins economics Nobel for science-based poverty fight

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Abhijit Banerjee, Esther Duflo and Michael Kremer win the 2019 Nobel Prize in economics for their work fighting global poverty

STOCKHOLM - U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work fighting poverty that has helped millions of children by favoring practical steps over theory.

It said the results of their studies and field experiments had ranged from helping millions of Indian schoolchildren with remedial tutoring to encouraging governments around the world to increase funding for preventative medicine. Applied to development economics, such field experiments found for example that providing more textbooks and free school meals had only small effects, while targeting help for weak students made a big difference to overall educational levels.

Abhijit Banerjee and Esther Duflo, two of the three winners of the 2019 Nobel Prize in Economics, stand together at a news conference at the Massachusetts Institute of Technology in Cambridge, Massachusetts, U.S., October 14, 2019. REUTERS/Brian Snyder While the United Nations estimates that global poverty has been cut by more than half since 2000, it says one in 10 people in developing regions still live on less than $1.90 a day. In sub-Saharan Africa, that proportion rises to 42%.

“I would congratulate them but still put that caveat that poverty is artificially made by human beings who put up systems that deny others the opportunity to realize their full potential,” said James Shikwati, head of the Nairobi-based Inter Regional Economic Network think tank.

 

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amen

Wen capitalism thrives on maintaining crucial levels of poverty in resource rich underdeveloped nations,there's ambiguity in N.prize fr eco.

Just this week, two Nobel Prizes for Harvard and one for MIT. And the Patriots will probably win the Super Bowl - again

Mr Abihijir Dulfo, which kind of “poor” persons did you study? Rural “poor”? Jungle “poor”? Tribal “poor”, or the Urban Poor? Proud of Miss Ester Dulfo’s achievement truly an inspiration to anyone

She IS a role model! ♥️

And the 6th husband and wife couple to win the Nobel. Félicitations a tous.

NotRealNobel

I guess the Wharton Genius didn't make the cut again this year....🥳🧠🥳🧠🥳🧠🥳

Don't get dressed up or anything...

Computational thinking! K5CSCovey ASDTech_Michael

City state and federal taxes , never ending rate hikes , high rent ,low pay,. more and more homeless on the streets everyday , should be a freeze on prices for a few years

It's NOT the 'Nobel Economics Prize'. Look at the sign in the video. It's an award in *memory* of Alfred Nobel. NOT one of the real Nobel Prizes, as ordained by his will and testament.

Awards to people who don't really accomplish anything.

Favor leer esquivelgerardo , y que el FCEMexico edite en español algo de estos ganadores NobelPrize2019

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