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

A History of Harvard Magazine

Harvard’s independent alumni magazine—at 127 years old 

Harvard Announces Four University Professors

Catherine Dulac, Noah Feldman, Claudia Goldin, and Cumrun Vafa receive the University’s highest faculty distinction.

Creepy Crawlies and Sticky Murder Weapons at Harvard

In the shadows of Singapore’s forests, an ancient predator lies in wait—the velvet worm.

Most popular

Harvard Faculty of Arts and Sciences Faces a $350 Million Deficit

At a faculty meeting, Dean Hopi Hoekstra advocates for long-term, structural solutions.

Harvard Institute of Politics Director Setti Warren Dies at 55

The former Newton mayor is remembered as “a visionary and tireless leader” by the University community. 

Reese Witherspoon Visits Harvard—and Talks Women, Media, and AI

Reese Witherspoon discusses female-driven content at Harvard Business School. 

Explore More From Current Issue

Two small cast iron pans with berry-topped desserts, dusted with powdered sugar, alongside lemon slices.

Shopping for New England-made gifts this Holiday Season

Ways to support regional artists, designers, and manufacturers 

An illustrative portrait of Justice Roberts in a black robe, resting his chin on his hand.

What Trump Means for John Roberts’s Legacy

Executive power is on the docket at the Supreme Court.