Michael Kremer - Latest News Update, Information, Photos & Videos on Michael Kremer at Lokmat Times

Indian-born economist Abhijit Banerjee, his French-American wife Esther Duflo and the US' Michael Kremer on Monday were awarded the Nobel Prize for Economic Sciences "for their experimental approach to alleviating global poverty.""The research conducted by the 2019 Economic Sciences 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," a statement from the Nobel Prize Twitter handle said.The three economists have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty."It divides the issue into smaller, more manageable questions - for example, the most effective interventions for improving child health," the statement added."Over 700 million people still subsist on extremely low incomes. Every year, five million children still die before their fifth birthday, often from diseases that could be prevented or cured with relatively cheap and simple treatments," the statement outlined.In the mid-1990s, Kremer, an American economist, and his colleagues demonstrated how powerful an experiment-based approach can be, by using field experiments to test a range of interventions that could improve school results in western Kenya.Banerjee and Duflo, along with Kremer soon performed similar studies of other issues and in other countries, including India. Their experimental research methods now entirely dominate development economics."The 2019 Economic Sciences Laureates' research findings have dramatically improved our ability to fight poverty in practice. As a result of one of their studies, more than 5 million Indian children have benefitted from programmes of remedial tutoring in schools," the statement said.Banerjee completed his MA in Economics at the Jawaharlal Nehru University in New Delhi in 1983. Later, he went on to obtain a PhD in Economics at Harvard University in 1988.The 58-year-old Kolkata-born economist is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Michael KremerFOLLOW

Michael kremer, Latest News

Entertainment :Bollywood congratulates Abhijit Banerjee on winning Nobel Prize

Farhan Akhtar congratulated Professor Abhijit Banerjee who shares the 2019 Nobel Prize in Economics with his French-American wife Esther Duflo and Michael Kremer. ...

Business :Indian-origin prof shares Economics Nobel for poverty research (2nd Lead, changing dateline)

Abhijit Banerjee has been awarded the Economics Nobel Prize along with his wife Esther Duflo and another US academic, for their research on how to alleviate poverty that has helped eduction of the poor in India and also revolutionised the field of de ...

National :'Very happy', says mother of Nobel Prize recipient Abhijit Banerjee

As Abhijit Banerjee was among the three economists jointly awarded the Nobel Prize in Economics, Nirmala Banerjee, mother of the Indian-born economist, is on cloud nine over her son's achievement. ...

International :Indian-origin Prof Abhijit Banerjee, 2 others get Nobel Prize in Economics for 'experimental approach to alleviate global poverty'

Indian-born economist Abhijit Banerjee, his French-American wife Esther Duflo and the US' Michael Kremer on Monday were awarded the Nobel Prize for Economic Sciences "for their experimental approach to alleviating global poverty." ...