Penguin Authors And Economists Abhijit Banerjee And Esther Duflo Awarded 2019 Nobel Prize For Economics

The ‘Nobel’ couple wrote bestselling book Poor Economics: rethinking poverty & the ways to end it

The authors share this award with Michael Kremer of Harvard University, Cambridge, USA

First published in 2011, Poor Economics: rethinking poverty & the ways to end is a groundbreaking book on understanding and alleviating poverty by Banerjee and Duflo who have dedicated their careers in research to fight global poverty. In this book, Abhijit V. Banerjee and Esther Duflo showcase their work and insights and attempt to lay down what really impacts the poor and what doesn’t. Revelatory and impassioned, Poor Economics is a pathbreaking book that helps you to understand the real causes of poverty and how to end it.

Having pioneered the use of randomized control trials in development economics through their award-winning Poverty Action Lab, the authors argue that by using randomized control trials, and more generally, by paying careful attention to the evidence, it is possible to make accurate—and often startling assessments—on what really impacts the poor and what doesn’t.

About the authors

Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in Social Sciences and Economics.

Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. Duflo has received numerous academic honours and prizes including most recently the John Bates Clark Medal (2010) and a MacArthur Fellowship (2009). She has also been featured in Foreign Policy’s Top 100 Global Thinkers and Fortune’s 40 under 40.