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| Be an IAS |
I had started a series i.e, the Question of the Week series in which a new question each week will be introduced to you which will very important according to your UPSC exam perspective. So let's get started. These questions are very important for the perspective of your competitive exam.
Question of the week #1
- Who wrote the books ' Poor economics ' and ' Good economics for hard work ' with co-writer Esther Duflo? (सह-लेखक एस्थर डुफ्लो के साथ 'पुअर इकोनॉमिक्स' और 'गुड इकोनॉमिक्स फॉर हार्ड वर्क' पुस्तक का सह-लेखक कौन है?)
￫ Abhijit Banerjee (अभिजीत बॅनर्जी)
Description (वर्णन): Abhijit Banerjee is an Indian-American economist. He won the Nobel award for economics for the year 2019. He got the prize along with Esther Duflo and Michael Kremer. They got award for their work on finding new ways to tackle poverty.
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| Abhijit Banerjee-Nobel Prize(Economics) |
Quick facts about Abhijeet Banerjee
- Co-founder: Abdul Latif Jameel Poverty Action Lab.
- Co-author: 'Poor economics' (2011) and ' Good economics for hard times'(2019)
- Ford Foundation International Professor at Massachusetts Institute of technology.
- Elected as a fellow of American Academy of Arts and Science(2004).
- Honoured with Infosys Prize (economics).
- In 2019, he was awarded with Nobel prize for economics along with Esther Duflo(spouse) and Michael Kremer.
Banarjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University where he received PhD in 1998.
He is presently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, assuming to his profile on the MIT website. In 2003, Banerjee founded the Abdul Latif Jameel Poverty Action Lab(J-PAL), along with Duflo and Sendhil Mullainathan, and he remains one of the lab's directors.
He also fulfilled as the UN Secretary Generals High-Level Panel of Eminent Person of the list-2015 Development Agenda.
This is not the first time that an Indian or an Indian-origin academic has received the award. In 1998, Amartya Sen becomes the first Indian individual to receive the Nobel Prize in Economic Sciences for his contribution to Welfare award. Almost 20 years later, the prestigious award is granted upon Abhijit Banerjee.
Here is a video of the award ceremony of Abhijit Banerjee.
About Nobel in economics
Nobel prize in Economics is given to the contributors who contribute in Economics field. Probably it's the biggest award given in this field. The award is presented by the Royal Swedish Academy of Sciences at Stockholm, Sweden. In 1969, the Nobel Prize in Economics was awarded for first time. In 1968 this award was established when Sweden's Central Bank Sveriges Riksbank gave donation to the Nobel Foundation to celebrate the 300th anniversary of the bank. This is why the official name of the award is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Noble Prize for Economics Sciences is formerly known as the Bank of Sweden prize in economic sciences in memory of Alfred Nobel. Unlike The Other Nobel prizes which were created by Alfred Nobel, it was created at a later date and is considered to be part of 'Nobel stable of award'. Nobel Prize for economics was set up by Riksbanken, in the Sweden Central Bank in 1968 and so far 81 people have been awarded Nobel Prize for Economics.
The person is awarded for Nobel Prize for Economics with 9 Million kronor($918,000) cash award, a gold medal and diploma. The trio of Abhijit Banerjee, Esther Duflo and Michael Kremer are awarded Noble Prize in Economics at Stockholm on 10 December 2019 - death anniversary of prize founder Alfred Nobel.
Esther Duflo
Born in Paris Esther Duflo is the second woman and the youngest person to be awarded the Prize in Economics. Esther Duflo currently holds a PhD from MIT and is also a Professor at Massachusetts Institute of Technology. The 47-year-old professor is married to Abhijit Banerjee.
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| Esther Duflo |
The 47-year-old professor is married to Abhijit Banerjee.
Michael Kremer
Mr Kremer is Gates professor of developing societies in the department of Economics at Harvard University. Kremer is also a fellow of the American Academy of Arts and Sciences. He is currently 54 years old.
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Michael Kremer |
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After Elinor Ostrom (2009) Esther Duflo is the second woman to win prize in economics. And also Esther Duflo is the youngest woman to awarded with Nobel. Since year 2019, totally 81 awards have been given.
In the year 1739, The Royal Swedish Academy of Sciences was founded. It's an independent organisation and their objective is to promote the sciences and strengthen their influence in society.
Students if you have any doubts you can ask me in the comment box section.
Here is a PDF file which gives information about the Noble in Economic Sciences 2018.
Click here to download it.
Noble in Economic Sciences Award Ceremony
Here are the photographs of the award ceremony of the Noble in Economic Sciences
