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Abhijit Banerjee

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Abhijit Banerjee
Banerjee in 2011
Born (1961-02-21) 21 February 1961 (age 63)
Kolkata, India
NationalityAmerican
CitizenshipUnited States
Spouse(s)Arundhati Tuli Banerjee (divorced)
Esther Duflo (2015)
Academic career
FieldDevelopment economics
InstitutionMassachusetts Institute of Technology
Alma materPresidency University , Calcutta
Jawaharlal Nehru University
Harvard University
Doctoral
advisor
Eric Maskin
Doctoral
students
Esther Duflo[1]
Dean Karlan[2]
Benjamin Jones
AwardsNobel Prize (2019) [3]

Abhijit Binayak Banerjee (Template:Lang-bn; born 1961) is an Indian American economist of Bengali heritage. Banerjee was awarded the Nobel Memorial Prize in Economic Sciences in 2019 for his work in the field of development economics, with particular emphasis on alleviating global poverty. He is the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology.

Banerjee co-founded the Abdul Latif Jameel Poverty Action Lab (along with economists Esther Duflo and Sendhil Mullainathan). He is a research affiliate of Innovations for Poverty Action, and a member of the Consortium on Financial Systems and Poverty. Banerjee was a president of the Bureau for the Research in the Economic Analysis of Development, a research associate of the National Bureau of Economic Research, a research fellow at the Centre for Economic Policy Research, an international research fellow of the Kiel Institute, fellow at the American Academy of Arts and Sciences, and a fellow at the Econometric Society. He also has been a Guggenheim Fellow and an Alfred P. Sloan Fellow. He is the co-author of Poor Economics. Lastly, he also serves on the academic advisory board of Plaksha University, an upcoming science and technology university in India.[4]

Early life

Banerjee was born in Kolkata, India, to Nirmala Banerjee, a professor of economics at the Centre for Studies in Social Sciences, Calcutta, and Dipak Banerjee, a professor and the head of the Department of Economics at Presidency College, Calcutta.

He attended South Point School and Presidency College, Calcutta, where he completed his B.S. degree in economics in 1981. Later, he completed his M.A. in economics at the Jawaharlal Nehru University, Delhi in 1983.[5] Later, he went on to obtain a Ph.D. in Economics at Harvard University in 1988. The subject of his doctoral thesis was "Essays in Information Economics."

Career

Banerjee is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology after he had taught at Harvard University and Princeton University.

His work focuses on development economics. Together with Esther Duflo, Michael Kremer, John A. List, and Sendhil Mullainathan, he has proposed field experiments as an important methodology to discover causal relationships in economics.

He was elected a fellow of the American Academy of Arts and Sciences in 2004.[6] He also was honoured with the Infosys Prize 2009 in the social sciences category of economics. He is also the recipient of the inaugural Infosys Prize in the category of social sciences (economics).[7]

In 2012, he shared the Gerald Loeb Award Honorable Mention for Business Book with co-author Esther Duflo for their book Poor Economics.[8]

In 2013, he was named by United Nations Secretary General Ban Ki-Moon to a panel of experts tasked with updating the Millennium Development Goals after 2015 (their expiration date).[9]

In 2014, he received the Bernhard-Harms-Prize from the Kiel Institute for the World Economy.

In 2019, he delivered Export-Import Bank Of India's 34th Commencement Day Annual Lecture on Redesigning Social Policy.[10]

In 2019, he was awarded the Nobel Prize in Economics, together with Esther Duflo and Michael Kremer, for their work alleviating global poverty. [11]


Personal life

Abhijit Banerjee was married to Dr. Arundhati Tuli Banerjee, a lecturer of literature at MIT.[12][13] Abhijit and Arundhati grew up together in Kolkata, and they had one son together.[12] Later, Abhijit and Arundhati divorced.

Abhijit has a child with co-researcher, former doctoral advisee, and MIT professor Esther Duflo, and had lived together for 18 months before then. The child was born in 2012.[14][15] Abhijit was a joint supervisor of Esther's PhD in economics at MIT in 1999.[16][14] Esther is also a Professor of Poverty Alleviation and Development Economics at MIT.[17] Abhijit and Esther formally married each other in 2015.

Publications

Books

  • Aghion, Philippe; Banerjee, Abhijit (2005). Volatility And Growth. Oxford: Oxford University Press. ISBN 9780199248612.
  • Banerjee, Abhijit Vinayak; Bénabou, Roland; Mookherjee, Dilip, eds. (2006). Understanding Poverty. Oxford; New York: Oxford University Press. ISBN 9780195305203.
  • Banerjee, Abhijit Vinayak (2005). Making Aid Work. Cambridge: MIT Press. ISBN 9780262026154.
  • Banerjee, Abhijit V.; Duflo, Esther (2011). Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York: PublicAffairs. ISBN 9781610390408.
  • Banerjee, Abhijit Vinayak; Duflo, Esther, eds. (2017). Handbook of Field Experiments, Volume 1. North–Holland (an imprint of Elsevier). ISBN 9780444633248.
  • Banerjee, Abhijit Vinayak; Duflo, Esther, eds. (2017). Handbook of Field Experiments, Volume 2. North–Holland (an imprint of Elsevier). ISBN 9780444640116.
  • Banerjee, Abhijit Vinayak ( 2019 ). A Short History of Poverty Measurements . Juggernaut Books.

References

  1. ^ Duflo, Esther (1999), Essays in empirical development economics. Ph.D. dissertation, Massachusetts Institute of Technology.
  2. ^ Karlan, Dean S. (2002), Social capital and microfinance. Ph.D. dissertation, Massachusetts Institute of Technology.
  3. ^ Hannon, Dominic Chopping and Paul. "Nobel Prize in Economics Awarded for Work Alleviating Poverty". WSJ. Retrieved 14 October 2019.
  4. ^ "Plaksha University". plaksha.org. Retrieved 14 October 2019.
  5. ^ "Abhijit Banerjee Short Bio". Massachusetts Institute of Technology • Department of Economics. 24 October 2017. Retrieved 24 October 2017.
  6. ^ "Book of Members, 1780–2010: Chapter B" (PDF). American Academy of Arts and Sciences. Retrieved 17 May 2011.
  7. ^ Infosys Prize 2009 – Social Sciences – Economics Archived 17 May 2011 at the Wayback Machine
  8. ^ "UCLA Anderson Announces 2012 Gerald Loeb Award Winners". UCLA Anderson School of Management. 26 June 2012. Retrieved 2 February 2019.
  9. ^ "Ban names high-level panel to map out 'bold' vision for future global development efforts". Retrieved 6 November 2013.
  10. ^ https://www.business-standard.com/article/economy-policy/make-govt-jobs-less-cushy-mit-economist-abhijit-banerjee-on-10-quota-119010901160_1.html
  11. ^ "Abhijit Banerjee, Esther Duflo, Michael Kremer awarded Nobel prize for Economics". Newsd www.newsd.in. Retrieved 14 October 2019.
  12. ^ a b "Malcolm Adiseshiah Award 2001, A Profile: Abhijit Vinayak Banerjee" (PDF). Malcolm & Elizabeth Adiseshiah Trust & Madras Institute of Development Studies (MIDS). 2001. Archived from the original (PDF) on 8 July 2017. Retrieved 27 April 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  13. ^ "Global Studies and Languages, Biography: Arundhati Tuli Banerjee". MIT. 18 August 2018. Archived from the original on 18 August 2018. Retrieved 27 April 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  14. ^ a b Gapper, John (16 March 2012). "Lunch with the FT: Esther Duflo". Financial Times. Archived from the original on 5 November 2018. Retrieved 28 April 2019.
  15. ^ "Esther's baby". Project Syndicate. 23 March 2012. Archived from the original on 27 November 2015. Retrieved 28 April 2019.
  16. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  17. ^ "Esther Duflo CV". Esther Duflo at MIT. 2018. Archived from the original on 9 August 2018. Retrieved 27 April 2019.