Trio wins 2019 Nobel economics prize for creating approach to fight poverty

E-Paper | October 01, 2026

Trio wins 2019 Nobel economics prize for creating approach to fight poverty

Reuters Published October 14, 2019

Academy says the "Laureates introduced a news approach to find reliable answers" to fight global poverty. — Reuters/File

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Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty, the Royal Swedish Academy of Sciences said on Monday.

"This year's Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty," the academy said in statement.

The 9 million Swedish crown ($915,300) economics prize is a later addition to the five awards created in the will of industrialist and dynamite inventor Alfred Nobel, established by the Swedish central bank and first awarded in 1969.

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Hindi

Oct 14, 2019 03:18pm

Congratulations!

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Thinker

Oct 14, 2019 03:22pm

Congratulations, Abhijit Banerjee, for this great achievement.

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An Indian

Oct 14, 2019 03:28pm

Congratulations Abhijeet .

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Hwh

Oct 14, 2019 03:43pm

Think what would have been the headline if the prize was own by a Pakistani. Dosen't matter. Indian rocks.

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ABCD

Oct 14, 2019 03:43pm

Congratulations. South Asia is represented.

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Oxomiya

Oct 14, 2019 04:16pm

CONGRATULATIONS Mr. Banerjee.

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Danish

Oct 14, 2019 04:37pm

Disappointed noble prize should be given to Asad Umar or hafeez Sheikh made the brilliant deal with IMF and made Pakistan economy Booming

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JusticE

Oct 14, 2019 04:53pm

What is this new approach?

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Indian

Oct 14, 2019 04:54pm

Well Done Abhijit Banerjee! Made Calcutta University proud.

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M Hassan, Sweden

Oct 14, 2019 04:55pm

Once again a bengali nobel laureate in Ecomomics after Prof A Sen.

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Sagar

Oct 14, 2019 05:02pm

Nobel Peace Prize, Magsaysay awards, etc are given exclusively to left leaning academicians. They have lost their relevance today. How can Obama, Malala or Amartya Sen get these awards? Obama has killed more than Trump. Malala hasn't done anything for Peace. And theory of Amartya Sen has no practical relevance. Once a prestige, today these awards have become a political tool. Nobel prize for Science streams are pretty impartial though.

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Killer

Oct 14, 2019 05:18pm

@Sagar, Agree

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Killer

Oct 14, 2019 05:21pm

With this Indian origin people have won the Nobel prize 12 times.

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Chanakya

Oct 14, 2019 05:34pm

Indians are everywhere, what a great time for the country.

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Chockolate

Oct 14, 2019 05:46pm

Next Imran Khan will win Nobel Prize for Peacemaker of the Century after he mediates and solves all the other countries problems....

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Habib A Zuberi, PhD Emeritus Prof.of Eco.

Oct 14, 2019 05:52pm

Good choice. They deserve it.

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souravghosh

Oct 14, 2019 05:58pm

@Sagar, are you serious??? or you were expecting a noble and did not get it

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Alka

Oct 14, 2019 05:58pm

Well done Abhijit Banerjee

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Anupam Paul

Oct 14, 2019 06:10pm

@Sagar, Grapes are sour.

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M. Saeed

Oct 14, 2019 06:25pm

@Sagar, sour grapes?

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Yours Truly

Oct 14, 2019 06:32pm

An Indian Nobel prize winner again. Maybe it emanates out of the strong fundamentals of democracy and equitable education to all right from 1947.

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Ravin

Oct 14, 2019 06:35pm

@Sagar, Well said. It is the extreme left leaning, that gets it. Show me one economist in the past ten years who won the Nobel made substantial difference. Last I remember is Friedman but that was in mid 70s.

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harry

Oct 14, 2019 06:45pm

@Chockolate, Except his own .

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harry

Oct 14, 2019 06:46pm

Indians feel proud today of being an Indian.

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ABCD

Oct 14, 2019 07:12pm

Congrats Mr and Mrs Banerjee.

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Arun

Oct 14, 2019 08:28pm

The only way to eliminate is to have zero population growth and flat rate welfare , say Rs 2000($15) per month for each adult and first two children. That way people will have enough to eat and become more productive.Also go for solar and wind energy on a war footing . With cheap electricity we can make all the goods we ever need and solar and wind are both now cheaper than coal or gas.

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Jacky

Oct 14, 2019 08:32pm

@JusticE, only achievement is he is american stooge.

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Vijay ,salem

Oct 14, 2019 09:34pm

@Chockolate, Except his own?

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Gordon D. Walker

Oct 14, 2019 10:04pm

Give the million dollars directly to the poor, not to the already well-to-do... Gordon D. Walker Canada

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Shyamakant Dubey

Oct 15, 2019 01:14am

@Danish Asad Umar is a marketing manager not a economist.

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P L Bakhshi

Oct 15, 2019 02:19am

Hearty Congratulations to Indian-American Abhijeet Banerjee and his wife Esther Duflo a French-American, together with Michael Kremer an American for bagging the prestigious recognition, that too on a subject which concerns very much South Asian countries. Quite an inspiring hard work which needs to be implemented by countries facing a big challenge of poverty.

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JITENDRA PRASAD

Oct 15, 2019 05:56am

Congratulations Abhijit. You have made India proud

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saeeds

Oct 15, 2019 06:31am

@Sagar, Kind a agree. This price is under the shadow left wing social minded people . Still a huge achievement to get Nobel prize. Every Indian and Bengali should proud of this achievement. I don’t what’s there people getting out of it. There people still considered third world people and no sight of coming out there’s poverty .

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Girish Shastry

Oct 15, 2019 07:42am

While we Indians can be proud we have to accept the sobering reality that most of India born Noble laureates in science, medicine, economics have done research outside India. Also our contribution to Noble prize winning research is meagre relative to the size of our population.

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point of view

Oct 15, 2019 08:05am

Indians are genius if they get fare chance and opportunity. Congratulations Prof. Abhijit Banergee and his wife Prof. Esther Duflo, and Michael Kremer. Unfortunately, Indian universities or science labs couldn't produce Nobel Laureates.

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Awakened One

Oct 15, 2019 11:03am

Indians have always been at forefront in economics research. Congratulations Abhijeet!

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