Abhijit Banerjee, Received the Nobel Prize 2019 in Economics; Know his Life Story!

Abhijit Banerjee, who received the Nobel Prize in Economics, did this experiment in rural areas of Udaipur district of Rajasthan.  The Nobel Prize in Economics…

Abhijit Banerjee, Received the Nobel Prize 2019 in Economics Know his Life Story!

Abhijit Banerjee, who received the Nobel Prize in Economics, did this experiment in rural areas of Udaipur district of Rajasthan.  The Nobel Prize in Economics Abhijit Banerjee and wife Esther Duflo used to do field experiments to understand poverty. He adopted this basic technique in the world of medical research for balanced trials.

Abhijith Banerjee
Abhijith Banerjee

Abhijeet Banerjee joined the Massachusetts Institute of Technology (MIT) in 1999, a decade after completing his Ph.D. from Harvard. Here, Esther Duflo, under her supervision, completed her Ph.D. and after spending many years together, the two became partners.

The two worked together for a long time at MIT. Abhijeet and Duflo lived in live-in relations for about 18 months and in 2012 their first child was born. The two legally married in the year 2015. In his war against poverty, Abhijeet set up Abdul Latif Jamil Poverty Action Lab in 2003. Duflo Nebhi is a professor of poverty alleviation and developmental economics at MIT. Abhijeet wrote in his book ‘Poor Economics: Rearthinking Poverty and the Ways to End It’ that the schemes for poverty alleviation do not succeed because they do not keep the economic incentives of the poor at the center.

Abhijith Banerjee photos
Abhijith Banerjee photos

Tour from Delhi to Udaipur: Visited several states like Delhi, Andhra for research on both poor. In 2006, he reached Guntur in Andhra. Because they saw women in Udaipur not going to the hospital to get children vaccinated. Then the team organized a program to give one kg of pulses to the women who were vaccinated and saw amazing success. We do not have to face problems like collecting clean water or raising fuel daily. Whereas the time of the poor is spent on these works. There will be a change if they get a chance to spend quality time.