Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty.
“This year’s laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,” the Royal Swedish Academy of Sciences said on Monday.
The $915,300 economics prize is a later addition to the five awards created in the will of industrialist and dynamite inventor Alfred Nobel. It was established by the Swedish central bank and first awarded in 1969.