Awarded Nobel Prize for experimental approach to global poverty.
On October 14, 2019, the Royal Swedish Academy of Sciences announced that Esther Duflo, along with Abhijit Banerjee and Michael Kremer, had been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. This prestigious award was granted for their pioneering work in applying experimental approaches to alleviating poverty, a groundbreaking methodology that redefined strategies in development economics.