The 2019 Nobel Prize in Economics goes to…

…Abhijit Banerjee, Esther Duflo and Michael Kremer. The announcement on the 2019 Economics award on the Nobel website:

This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. In brief, it involves dividing this issue into smaller, more manageable, questions – for example, the most effective interventions for improving educational outcomes or child health. They have shown that these smaller, more precise, questions are often best answered via carefully designed experiments among the people who are most affected.

And a video:

Some additional coverage:

• Marginal Revolution (Banerjee, Duflo, Kremer)
• Washington Post.
• N.Y. Times.
• The Guardian.

Here is Esther Duflo’s TED talk: