• Saturday, December 7, 2019

India-origin Abhijit Banerjee among three to receive Economics Nobel

Discussion in 'World Affairs' started by bl33d, Oct 14, 2019.

  1. bl33d

    bl33d FULL MEMBER

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    [​IMG]

    Esther Duflo and Michael Kremer also share the Nobel for their experimental approach to alleviating global poverty

    The 2019 Nobel Prize for economics goes to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”, the Royal Swedish Academy of Sciences announced on Monday.

    The research conducted by the 2019 Economic Sciences Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.

    Over 700 million people still subsist on extremely low incomes. Every year, five million children still die before their fifth birthday, often from diseases that could be prevented or cured with relatively cheap and simple treatments.

    This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. It divides this issue into smaller, more manageable questions – for example, the most effective interventions for improving child health, said a statement from the Nobel Committee.

    In the mid-1990s, Mr. Kremer and his colleagues demonstrated how powerful an experiment-based approach can be, using field experiments to test a range of interventions that could improve school results in western Kenya.

    Mr. Banerjee and Ms. Duflo, often with Mr. Kremer, soon performed similar studies of other issues and in other countries, including India. Their experimental research methods now entirely dominate development economics.

    The 2019 Economic Sciences Laureates’ research findings have dramatically improved our ability to fight poverty in practice. As a result of one of their studies, more than five million Indian children have benefitted from programmes of remedial tutoring in schools, the statement said.

    The prize is officially known as the ‘Bank of Sweden Prize in Economic Sciences In Memory Of Alfred Nobel’ wasn’t created by the prize founder, but it is considered to be part of the Nobel stable of awards.

    The prize 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.

    With the glory comes a 9 million-kronor ($918,000) cash award, a gold medal and a diploma.

    Last week, six Nobel prizes were given medicine, physics and chemistry plus two literature awards, and the coveted Peace Prize.

    All but the winner of the Peace Prize receive their awards on Dec. 10 the anniversary of Nobel’s death in 1896 in Stockholm. The winner of the Peace Prize receives the award in Oslo, Norway.

    https://www.thehindu.com/news/inter...o-receive-economics-nobel/article29680388.ece
     
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  2. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    upload_2019-10-14_8-58-55.jpeg


    Three more US winners. :usflag::usflag::usflag:
     
    Last edited: Oct 14, 2019
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  3. Han Patriot

    Han Patriot SENIOR MEMBER

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    I can sense a closet hindu here. Hehe
     
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  4. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    Only 1 winner is Hindu you idiot. The other two are not.
     
  5. Han Patriot

    Han Patriot SENIOR MEMBER

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    I am sure you were interested with thhose 2 whites judging by the title of the thread. Lol
     
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  6. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    I’m suppose to create a duplicate thread here about the Nobel prize winners? Ok, I’ll happily do that...
     
    Last edited: Oct 15, 2019
  7. F-22Raptor

    F-22Raptor SENIOR MEMBER

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    Its truly amazing to see the groundbreaking research that occurs in the United States. Most countries would kill for a single Nobel Laureate per year and yet its its commonplace for the United States to win 5+ per year.

    This is where the revolutionary advancements take place!
     
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  8. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    “Team Xerox” nowhere to be found as usual.
     
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  9. W.11

    W.11 BANNED

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    dosri iski bivi hi nikli.

    regards
     
  10. Jackdaws

    Jackdaws BANNED

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    Why just origin? Isn't he an Indian citizen?
     
  11. faithfulguy

    faithfulguy ELITE MEMBER

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    He is obviously an Indian hiding behind an American flag. But you can't blame him. Indians dreams of being a supa powa. He can just claim to be an American and
    be part of a superpower country.
     
  12. DavidsSling

    DavidsSling FULL MEMBER

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    The fact is he had to leave India, it's not a great achievement for India if the person has nothing to do with India anymore does it?
     
  13. bl33d

    bl33d FULL MEMBER

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    Its decades worth of hard-work, infrastructure building and a culture of research.

    British didnt like India to do scientific research when they were ruling over us, not to say we should have done bettter in 70 years but its still not a sufficient time to build infrastructure and a research culture with 1.3 billion mouth to feed. There are different challenges. Dont take away from the acumen of Indians who do get the environment to do research.
     
  14. paritosh

    paritosh SENIOR MEMBER

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    Really? How did China accomplish all of that then? There aren't enough reasons in the world to justify our slow pace of growth.
    @any Chinese member,
    Has China witnessed a reversal/reduction in brain drain to the west with increase in growth/prosperity?
     
  15. bl33d

    bl33d FULL MEMBER

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    Go live in an authoritarian state then where you own no capital property and have no voting rights. Democracy is what we have chosen for good or for worse. Dont give such ill informed comments. Read twice before clicking on reply.