2019 Economics Nobel for Economics of World Poverty

After 21 years of first Economics Nobel Prize won by Indian born economist Prof Amartya Sen in 1998, this year, again Indian born economist and researcher Dr Abhijit V Banerjee won Economics Nobel prize along with his fellow economists Michael Kremer and Esther Duflo.

It is also interesting to see that both Banerjee and Duflo has came out a interesting book titled Good Economics or Hard Times

While it is both delight and slight disappointment on the prize for the works awarded. Nevertheless, the larger message from their experimental research about poverty reduction or eradication made significant elaborated debate in mainstream academia and researchers. 

The following are some of the interesting reactions on the Economics Nobel Prize from Indian media and public:

What the Nobel says about economics

We need many more women in the field of economics

Economics Nobel goes to a cook

Sorry Abhijit Banerjee, high taxes and freebies don’t create egalitarian utopia

And the Nobel Prize goes to… experimental economics

The much talked-about randomised controlled trials are more sinned against than sinning

Making sense of this year’s Nobel Prize in Economics

China......there is much that RCTs and contemporary development economics have missed. 

There is nothing wrong with providing a little extra understanding, on the margins. But RCTs don't easily handle the big questions.

The limitations of Abhijit Banerjee's methods