TIL Desk/National/Stockholm/ Indian-American economist Abhijit Banerjee and his French-American wife Esther Duflo along with their colleague Michael Kremer received the 2019 Nobel Prize in Economic Sciences on Tuesday for their work to alleviate global poverty that has helped millions of children in an experimental approach that favours practical steps over theory. The US-based economists looked dapper with Banerjee turning up in bandhgala that he teamed with a white and gold-bordered dhoti.
Duflo also chose to wear Indian attire in a saree and red blouse and the quintessential red bindi for the award ceremony that was held at the Stockholm Concert Hall. In a tweet, the Nobel Prize committee shared a small video of Banerjee, Duflo and Kremer receiving the award. “Watch Abhijit Banerjee, Esther Duflo and Michael Kremer receive their medals and diplomas at the #NobelPrize award ceremony today.
Congratulations! They were awarded the 2019 Prize in Economic Sciences for their experimental approach to alleviating global poverty,” Nobel Prize tweeted. “The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new, experiment-based approach has transformed development economics, which is now a flourishing field of research,” the organisation said on its website.
