Current Affairs

Nobel Prize for Economics 2019

Current Context: The 2019 Nobel Prize for Economics has been jointly given to Michael Kremer of the United States, Abhijit Banerjee and Esther Duflo.
Nobel Prize for Economics 2019  
  • Abhijit Vinayak Banerjee is an Indian-American and Esther Duflo is his wife.
  • The award was given by the Nobel committee for their experimental approach to alleviating global poverty and providing new ways to fight against it.
  • Abhijit Vinayak Banerjee studied at the University of Calcutta, Jawaharlal Nehru University and Harvard University (where he received his PhD in 1988). He is currently the professor of economics at the Massachusetts Institute of Technology.
  • Some of the major achievements of Abhijit Vinayak Banerjee are:
    • Abhijit Banerjee founded the Abdul Latif Jameel Poverty Action Lab (J-PAL) in 2003 to make research on the poverty scenario around the globe.
    • He is the author of the book “Poor Economics” which won the Goldman Sachs Business Book of the Year.
    • He has served on the U.N. Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.
    • He is a past president of the Bureau for the Research in the Economic Analysis of Development.
    • A Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute.
    • A fellow of the American Academy of Arts and Sciences and the Econometric Society.
    • An Alfred P. Sloan Fellow and a winner of the Infosys Prize.

Question: 

Q.1 Which Indian-American has won the 2019 Nobel Prize for Economics?
a. Abhijit Banerjee
b. Saumik Banerjee
c. Sourabh Banerjee
d. Amit Banerjee
Nobel Prize for Economics 2019 Nobel Prize for Economics 2019 Reviewed by Neha Verma on October 16, 2019 Rating: 5

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