2019 Nobel Prize for Economics awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer

2019 का अर्थशास्त्र का नोबेल पुरस्कार अभिजीत बनर्जी, एस्थर डफ्लो और माइकल क्रेमर को दिया गया

Points to Remember:

  • The Royal Swedish Academy of Sciences awarded Abhijit Banerjee, Esther Duflo and Michael Kremer the prestigious Nobel Prize in Economic Sciences “for their experimental approach to alleviating global poverty.” With the glory comes a 9 million-kronor ($918,000) cash award, a gold medal, and a diploma.
  • Last year, the prize went to William Nordhaus and Paul Romer of the US for constructing “green growth” models that show how innovation and climate policies can be integrated with economic growth.
  • Unlike other prizes, the Nobel prize for Economics, officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, wasn’t created by the prize founder.
  • It was created by Riksbanken, the Swedish central bank, in 1968, and the first winner was selected a year later. So far, 81 Nobel laureates in economic sciences have been awarded.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel:

  • Awarded for: Outstanding contributions in Economic Sciences
  • Location: Stockholm, Sweden
  • Presented by: Royal Swedish Academy of Sciences
  • Reward(s): 9 million SEK
  • First awarded: 1969
Important Possible questions based on above News:
  1. Name the three economist, who have been awarded the 2019 Nobel Prize in Economic Sciences for their experimental approach to alleviating global poverty? Abhijit Banerjee, Esther Duflo and Michael Kremer
  2. This year, the Nobel prize in economics has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating ___. Global Poverty
  3. Laureates in the Nobel Memorial Prize in Economics are selected by: Royal Swedish Academy of Sciences
  4. Who is the father of economics? Adam Smith

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