Indian-American MIT Prof Abhijit Banerjee and wife win Nobel in Economics
Stockholm: Indian-American Abhijit Banerjee, who won the 2019 Nobel Prize for Economics jointly with his wife Esther Duflo and another economist Michael Kremer on Monday, is currently the Ford Foundation International Professor of Economics at the US-based Massachusetts Institute of Technology (MIT).
Banerjee, born in 1961 in Mumbai, bagged the award for his "experimental approach to alleviating global poverty". The 58-year-old economist received his PhD in 1988 from Harvard University. He also studied at the University of Calcutta and Delhi's Jawaharlal Nehru University.
In 2003, he founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with his French-American wife Duflo, who is also a MIT professor, and Sendhil Mullainathan..
He remains one of the lab's directors, according to the MIT website.
Banerjee is a past president of the Bureau for the Research in the Economic Analysis of Development, a Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute, a fellow of the American Academy of Arts and Sciences and the Econometric Society, and has been a Guggenheim Fellow and an Alfred P Sloan Fellow and a winner of the Infosys prize.
He is the author of a large number of articles and four books, including 'Poor Economics', which won the Goldman Sachs Business Book of the Year Award in 2011.
The 'Poor Economics' has been translated into more than 17 languages.
"Why would a man in Morocco who doesn't have enough to eat buy a television? Why is it so hard for children in poor areas to learn, even when they attend school? Does having lots of children actually make you poorer? Answering questions like these is critical if we want to have a chance to really make a dent against global poverty," Banerjee wrote in the book 'Poor Economics'.
He is the editor of three more books and has directed two documentary films.
He also served on the UN Secretary-General's High-level Panel of Eminent Persons on the Post-2015 Development Agenda, the website said.
Duflo, born 1972 in Paris, received her PhD in 1999 from MIT. In her research, she seeks to understand the economic lives of the poor, with the aim to help design and evaluate social policies. Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the MIT.
She has worked on health, education, financial inclusion, environment and governance. Duflo's first degrees were in history and economics from Ecole Normale Superieure in Paris.
She has received numerous academic honors and prizes including the Princess of Asturias Award for Social Sciences (2015), the A.SK Social Science Award (2015), Infosys Prize (2014), the David N Kershaw Award (2011), a John Bates Clark Medal (2010), and a MacArthur "Genius Grant" Fellowship (2009).
With Banerjee, she co-authored the book, 'Poor Economics'.
Duflo is the Editor of the American Economic Review. She is also a member of the National Academy of Sciences and a Corresponding Fellow of the British Academy.
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Pakistan forces kill 67 Afghan Taliban personnel in overnight operations: Minister
Islamabad (PTI): Pakistan security forces killed another 67 Afghan Taliban personnel in overnight operations, repulsing their attacks at 16 locations along the southwestern border early Tuesday, officials said.
Information Minister Attaullah Tarar provided updates on the ongoing Operation Ghazab lil Haq, launched on Feb 26 in response to the Afghan Taliban raids.
Tarar said that 40 Afghan Taliban personnel were killed in overnight operations in the border region along the Khyber Pakhtunkhwa province.
“Physical attack was attempted at one place, while a fire raid was conducted on 12 locations, which were all repulsed without any loss of life,” he said in an update posted on X.
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“At least 40 Afghan Taliban were killed in the overnight operations in KP,” he said, adding that “follow-up” operations continued.
Separately, the Afghan Taliban resorted to physical attack from across the border on 16 locations in Northern Balochistan in Qilla Saifullah, Noshki and Chaman districts while engaging Pakistan troops on 25 locations in a fire raid.
“The attacks at all the locations were repulsed with Afghan Taliban suffering 27 killed and scores injured,” he said.
The minister also said that one soldier of the paramilitary Frontier Corps (FC) Balochistan North was killed while five soldiers were injured.
On Monday, the minister said in a statement that Pakistani security forces killed 435 Afghan Taliban combatants and another 630 of them were injured. He said that 188 tanks and armoured vehicles were destroyed, 31 Afghan posts were captured and 51 locations across Afghanistan were successfully targeted in air strikes.
Meanwhile, state-run PTV reported that the Pakistan armed forces successfully conducted an air operation in Afghanistan’s Nangarhar province, destroying the Khogani base.
“Fitna al-Khawarij and Afghan Taliban face massive setbacks on every front after unprovoked aggression,” PTV reported, citing sources.
It further reported that security sources said Operation Ghadab-ul-Haq is still ongoing and will continue until its objectives are achieved.
