The winners of the prize of the State Bank of Sweden in memory of Alfred Nobel have been announced. They were Esther Duflo, Abhijit Banerjee, and Michael Cramer “for their experimental approach to alleviating global poverty.”
In 2018, the award was given to two people — Americans William Nordhaus and Paul Romer for achievements in the field of long-term macroeconomic analysis.
The Nobel Prize in Economics has been awarded since 1969, it was founded a year earlier by the State Bank of Sweden in honor of its 300th anniversary. The Bank allocates annually to the Nobel Fund an amount equal to the monetary component of one Nobel Prize. Formally, this award cannot be considered a Nobel, because Alfred Nobel in his will of 1895 did not mention economists, and his heirs have repeatedly expressed dissatisfaction about this.
Over the years, the prize has been awarded to 81 winners, among them only one woman Elinor Ostrom.
Nobel week is ending: awards for contributions to medicine, physics, chemistry, as well as the peace prize have already been presented.
The ceremony of awarding all the laureates will traditionally take place on December 10 – the day of Alfred Nobel’s death.