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In 2019, Esther Duflo became the second woman to ever win a Nobel Prize in Economic Sciences for her groundbreaking contributions to development economics through the innovative application of randomized controlled trials (RCTs). Duflo’s transformative approach involved adapting RCTs from the medical field to address complex social issues.
Duflo imagined that if she could only identify and eliminate these traps, she could work towards reducing global poverty as a whole (Ellison 2022, n.p). For Duflo, the thought of pursuing a degree in economics to reduce global poverty did not seem plausible until late in her college career. Duflo spent most of her college years agreeing with
Abhijit Banerjee (born February 21, 1961, Mumbai, India) is an Indian-born American economist who, with Esther Duflo and Michael Kremer, was awarded the 2019 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for helping to develop an innovative experimental approach to alleviating global ...
Esther Duflo’s lecture, the second of the evening, focused again on inequality, this time looking at the climate. The 2019 joint Economic Sciences Nobel prizewinner spoke about inequality between emitters, quoting French economist Lucas Chancel’s finding that 10% of the highest polluters worldwide are responsible for 50% of global emissions.
The DEDP program, led by MIT professors and Nobel laureates Abhijit Banerjee and Esther Duflo, along with professors Sara Fisher Ellison and Benjamin Olken, was established with the mission of equipping diverse cohorts of talented professionals with the knowledge and skills to tackle poverty using evidence-based approaches.
Duflo has received numerous academic honors and prizes including 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (with co-Laureates Abhijit Banerjee and Michael Kremer), the Princess of Asturias Award for Social Sciences (2015), the A.SK Social Science Award (2015), Infosys Prize (2014), the David N. Kershaw Award ...
The lessons created by professors Esther Duflo and Abhijit Banerjee revealed to Simon an entirely new way to use science to help humanity. One of the projects Simon learned about in this class assessed an area of India with a low vaccination rate and created a randomized, controlled trial to figure out the best way to fix this problem.
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