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13 chandigarh | gurugram | jalandhar | bathinda | jammu | srinagar | vol.3 no.285 | 16 pages | ~4.50 | regd.no.chd/0006/2018-2020 established in 1881 /thetribunechd /thetribunechd www.tribuneindia.com tuesday, october 15,2019 THE TRIBUNE NATION JALANDHAR | TUESDAY | 15 OCTOBER 2019 Economics Nobel for Indian-American Pioneer in work on Abhijit Banerjee shares top honour with wife Esther Duflo, Harvard Prof Michael Kremer poverty eradication Sushma Ramachandran lents, dramatically reducing Stockholm, October 14 million Indian children have HAS MADE NOTABLE malaria deaths in that country. Indian-American Abhijit benefitted from effective pro- ABHIJIT BANERJEE BHIJIT BANERJEE, co- India has also benefited from Banerjee, his wife Esther grammes of remedial tutor- CONTRIBUTION: PM winner of the Nobel Prize Banerjee and Duflo’s research. Duflo and another economist ing in schools. Another exam- Born: February 21, 1961 (58), Kolkata Congratulations to Afor Economics, recently A presentation at the World Michael Kremer jointly won ple is the heavy subsidies for Nationality: American ❝ caught public eye in India Economic Forum by Duflo the 2019 Nobel Economics preventive healthcare that Abhijit Banerjee on being because of his reported advice on the impact of de-worming Prize today “for their experi- have been introduced in Spouse: Arundhati Tuli Banerjee (divorced) conferred the 2019 to Rahul Gandhi to launch a on children’s health led to mental approach to alleviat- many countries, it added. Esther Duflo (married in 2015-present) Sveriges Riksbank Prize in minimum income-guarantee the creation of “Deworm the ing global poverty”. Duflo said receiving the prize Institution: Massachusetts Institute of Technology Economic Sciences in scheme before the elections. World” initiative to support Banerjee and French-Ameri- was “incredibly humbling”. Banerjee, however, has been global de-worming efforts. Field: Development Economics Memory of Alfred Nobel. can Duflo both work at the pres- Banerjee, 58, was educated He has made notable at the global high table for eco- tigious Massachusetts Institute at the University of Calcutta, Alma mater: South Point School, Calcutta nomics for much longer, along For India, it is the of Technology, while Kremer is Jawaharlal Nehru University Presidency University, Calcutta (1981) contributions to the field of with his French spouse Esther at Harvard University. and Harvard University, Jawaharlal Nehru University (1983) poverty alleviation Duflo and colleague Michael second Nobel Prize Duflo, 46-year-old former where he received his PhD in Harvard University (1988) Narendra Modi, PRIME MINISTER Kremer who also won the winner in economics adviser to ex-US president 1988. He is currently the Ford Doctoral adviser: Eric Maskin Nobel, for their radically new after Amartya Sen Barack Obama, is the second Foundation International VERY VERY HAPPY approach to poverty allevia- woman and the youngest Professor of Economics at the Doctoral student: Esther Duflo AND DELIGHTED: SEN tion in developing countries. DtW, with which I was associ- ever to win this prize. Massachusetts Institute of The randomised control tri- ated for a while as a media con- The prize includes 9 mil- Technology, according to his Indian economy is on a shaky ground. The data currently available do not hold I am very very happy and als used routinely by the phar- sultant, supported mass de- lion-kronor ($918,000) cash, a profile on the MIT website. any assurance for the country's economic revival anytime soon. Abhijit Banerjee delighted over Abhijit maceutical industry to evalu- worming in several Indian gold medal and a diploma. Duflo, born in 1972, is the ❝ Binayak Banerjee jointly ate impact of drugs was states, including Bihar and The winners will equally Abdul Latif Jameel Profes- HARVARD PASSOUT NOW TEACHES AT MIT winning the Nobel in transposed by them onto stud- Rajasthan. It was then convert- share the prize money. sor of Poverty Alleviation ies to determine which poli- ed into a fully government- Banerjee is currently the Ford Foundation Was honoured with the Infosys Prize “The research conducted and Development Econom- Economics. I think that the cies would really help the poor. funded nationwide pro- 1International Professor of Economics at 42009 in the social sciences category of prize has been given to the by this year’s Laureates ics in the Department of the Massachusetts Institute of Technology economics. He is also the recipient of the The path-breaking book gramme in 2015, in recognition has considerably improved Economics at the Massa- after he had taught at Harvard University and inaugural Infosys Prize in the category of most competent persons “Poor Economics” by Banerjee of its significant impact on our ability to fight global chusetts Institute of Tech- Princeton University social sciences Amartya Sen, NOBEL LAUREATE and Duflo gave simple answers long-term health of children. poverty. In just two nology and a co-founder to complex policy issues plagu- Remedial learning pro- His work focuses on development eco- In 2012, he shared the Gerald Loeb decades, their new experi- and co-director of the ing many emerging grammes in this country have 2nomics. Together with Esther Duflo, 5Award Honorable Mention for Business ment-based approach has Abdul Latif Jameel Poverty Michael Kremer, John A List and Sendhil Mul- Book with co-author Esther Duflo for their economies. The answers were also been a direct result of transformed development Action Lab (J-PAL). lainathan, he has proposed field experi- book Poor Economics based on hard evidence learnt research outcomes by Banerjee economics, which is now a Banerjee supervised ments as an important methodology to dis- through RCT in many develop- and his partners. My linkage In 2013, he was named by United Nations flourishing field of Duflo’s PhD with Joshua cover causal relationships in economics ing countries. Their research with the de-worming initiative research,” the Royal Angrist in 1990. The duo got 6Secretary General Ban Ki-Moon to a pan- led to insights into the behav- became my introduction to the He was elected a fellow of the American el of experts tasked with updating the Millen- Swedish Academy of Sci- married in 2015 and their co- Academy of Arts and Sciences in 2004 nium Development Goals after 2015 ioural patterns of poor families evidence-based work of Baner- ences said. authored book ‘Good Eco- 3 with the oft-quoted case of the jee and Duflo. They founded They have introduced a nomics in Hard Times’ will Moroccan farmer who pre- the Abdul Latif Jameel Poverty new approach to obtaining hits the stands this week. MICHAEL KREMER French-American ESTHER DUFLO ferred to buy a TV rather than Action Lab (J-Pal), which con- reliable answers about the Kremer, 54, is a develop- (54) is a development (46), former adviser to food simply because, like all of ducted numerous RCT projects best ways to fight global ment economist, who is cur- economist, who is cur- ex-US president Barack us, he was bored. Or the fact all over the world to provide the rently the Gates Pro- Obama, is the second poverty, it added. rently the Gates Professor of fessor of Developing woman and the that a small incentive would evidence needed to answer As a direct result of one of Developing Societies at Har- Societies at Harvard youngest ever to win lead Kenyan families to buy many questions over how to their studies, more than five vard University. — PTI University. this prize. bed nets with mosquito repel- use policy to eradicate poverty. Kolkata basks in its prodigal son’s glory He conceptualised NYAY: Rahul Shubhadeep Choudhury in Bengal of having interna- taught at Kolkata’s Presiden- hood send their children to. Tribune News Service Abhijit helped manifesto promise of NYAY — Tribune News Service tionally recognised icons,” cy College, was a legend in his In 1981, her completed his ❝conceptualise NYAY that minimum income guarantee Kolkata, October 14 says Achintya Biswas, former own right. Dipak, who passed BSc from Presidency College New Delhi, October 14 had the power to destroy scheme — and Banerjee. Amid the ongoing political vice-chancellor of Gaur Ban- away in 2007, enjoyed a lot of (now a university), which Former PM Manmohan Gandhi took swipes at PM in rigmarole in West Bengal, ga University, Malda. respect among students. boasts of producing stalwarts Singh led the salutations for poverty. Instead we now his praise for Banerjee and the news of Kolkata’s Abhijit “We are very happy that Dipak was married to Nir- in the field of economics such economist Abhijit Banerjee have Modinomics, that’s wrote, “Abhijit helped concep- getting the Nobel Prize for Abhijit has been awarded the mala Patankar, also an LSE as Amartya Sen and late who today received the Nobel destroying the economy tualise NYAY that had the Economics has given the prestigious award. He is graduate. Abhijit, who was born Sukhamoy Chakraborty. Prize in Economics. Rahul Gandhi, FORMER CONG CHIEF power to destroy poverty and Bengalis something to cheer. absolutely brilliant,” says in Mumbai, carries middle After his Class XII, he initial- Congress chief Sonia Gandhi boost Indian economy. Instead “To look for heroes, we have Avirup Sarkar, Professor of name Binayak, showing his ly took admission in the B Stat and former party chief Rahul nomics, after my dear friend we now have Modinomics, to go back to ‘Bengal renais- Economics at the Indian Sta- Maharashtra connect from the programme at the famed Indi- Gandhi also joined Singh in Prof Amartya Sen.” that’s destroying the econo- I am very happy and sance’ and take recourse to tistical Institute. Compli- mother’s side. Abhijit’s grand- an Statistical Institute (ISI), lauding the economist. Man- Singh said he was delighted my and boosting poverty.” proud❝ of his achievements. people who were product of menting Abhijit, Sarkar also father was a school headmaster.