Studying Poverty in Economics – The Work of the 2019 Nobel Prize Laureates

Klára Major ()
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Klára Major: Corvinus University of Budapest

Financial and Economic Review, 2020, vol. 19, issue 1, 119-131

Abstract: In 2019, the Nobel Prize in Economic Sciences was awarded jointly to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”. Their work gave rise to the transformation of development economics both in terms of approach and methodology: the effect of the development programmes aimed at reducing poverty is now typically measured by randomised controlled trials, enabling researchers to reveal causal effects. Throughout their studies, the authors relentlessly seek the drivers of human behaviour with a view to enabling the design of effective development programmes based on a deeper understanding of the nutrition, health, education, finances, etc. of the poor.

Keywords: poverty; development economics; Nobel Prize in Economic Sciences (search for similar items in EconPapers)
JEL-codes: B31 B41 C93 O12 (search for similar items in EconPapers)
Date: 2020
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