Michael Kremer wins Nobel Prize in economics

Professor Michael Kremer shares the Sveriges Riksbank Prize in Economic Sciences with two scholars from MIT.

Image of a Nobel Prize medal

      

Last Monday, a Harvard faculty member and an alumnus shared the 2019 Nobel Prize in physiology or medicine with a third scholar. Today, another Harvard faculty member and another alumnus did the same: Gates professor of developing societies Michael Kremer ’85, Ph.D. ’92, and Abhijit Banerjee, Ph.D. ’88, Ford Foundation international professor of economics at MIT, won the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel with Esther Duflo, Abdul Latif Jameel professor of poverty alleviation and development economics at MIT. (Banerjee and Duflo are now the fifth married couple to have shared the prize in the same field.) The trio were honored “for their experimental approach to alleviating global poverty.”

Read earlier Harvard Magazine coverage of Professor Kremer’s research here; in a turn-of-the-millennium roundtable on the world’s poor; on dictatorship here; on the policy innovations that contributed to the Nobel, here; and on coverage of Kremer’s fellow laureates and their work together.

 

You might also like

Five Questions with Michèle Duguay

Harvard scholar of music theory on how streaming services have changed the experience of music.

Harvard Faculty Discuss Tenure Denials

New data show a shift in when, in the process, rejections occur

Harvard Funds Student “Bridges” Projects

Eight new initiatives to build community on campus will get underway early next year. 

Most popular

A Presidency’s Early End

After five years of frequent controversy on matters of fundamental academic and intellectual substance, and the style in which those issues were...

FAS Cuts Science Ph.D. Admissions By Half

Backing off plans for more drastic reductions, the division still faces a long-term deficit.

Rachel Ruysch’s Lush (Still) Life

Now on display at the Museum of Fine Arts, a Dutch painter’s art proved a treasure trove for scientists.

Explore More From Current Issue

A diverse group of adults and children holding hands, standing on varying levels against a light blue background.

Why America’s Strategy For Reducing Racial Inequality Failed

Harvard professor Christina Cross debunks the myth of the two-parent Black family.

Aisha Muharrar with shoulder-length hair, wearing a green blazer and white shirt.

Parks and Rec Comedy Writer Aisha Muharrar Gets Serious about Grief

With Loved One, the Harvard grad and Lampoon veteran makes her debut as a novelist.

A lively concert in a modern auditorium with an audience seated on multiple levels.

Concerts and Carols at the Isabella Stewart Gardner Museum

Tuning into one of Boston's best chamber music halls