Last week, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 to Abhijit Banerjee (MIT), Esther Duflo (MIT) and Michael Kremer (Harvard) for their work to alleviate poverty. All three Laureates were recognised for pioneering an approach to obtaining reliable answers to fight poverty across the globe. Esther Duflo is the youngest ever laureate, and the second woman after Elinor Ostrom a decade ago.
The news of the prize was received with great enthusiasm here in Maastricht. Our colleagues at the School of Business and Economics (SBE) spoke to several UM academics with expertise in the field of development economics to hear their initial thoughts.