The Winners of the Nobel in Economics Revolutionized How to Fight Poverty

Esther Duflo and Abhijit Banerjee, who along with Michael Kremer were awarded this year's Nobel Prize in economics, at a news conference at Massachusetts Institute of Technology, Oct. 14, 2019 (AP photo by Michael Dwyer).
Esther Duflo and Abhijit Banerjee, who along with Michael Kremer were awarded this year's Nobel Prize in economics, at a news conference at Massachusetts Institute of Technology, Oct. 14, 2019 (AP photo by Michael Dwyer).
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The winners of the Nobel Prize in economics usually toil in relative obscurity, renowned among their academic peers while carrying out work whose benefit may be elusive to everyone else. By comparison, the work of other Nobel laureates usually seems much more concrete and easier to grasp, especially for the winners of the Nobel Peace Prize, whose impact is so clear-cut that they often become global superstars. Even in other scientific fields, the winners’ work can elicit popular nods of agreement with the Nobel Committee. Take this year’s winners of the chemistry prize, who helped develop rechargeable lithium-ion batteries, which […]

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