Abhijit Vinayak Banerjee (Bengali: অভিজিৎ বিনায়ক বন্দ্যোপাধ্যায়; born 1961) is an eminent American economist.[7] Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer, "for their experimental approach to alleviating global poverty."[8][9] He is the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. He along with wife Esther Duflo are the sixth married couple to jointly win a Nobel Prize.[10]
Banerjee is co-founder of 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 is also a fellow at the American Academy of Arts and Sciences and a fellow at the Econometric Society, and also has been a Guggenheim Fellow and an Alfred P. Sloan Fellow.
He is the co-author of Poor Economics.
Early life
Banerjee was born in Mumbai, India,[11] 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 studied in South Point High School. After his schooling, he took admission in the University of Calcutta in Presidency College, Kolkata where he completed his B.Sc. degree in economics in 1981. Later, he completed his M.A. in economics at the Jawaharlal Nehru University, Delhi in 1983.[12] He was arrested and jailed in Tihar Jail during a protest after students 'gheraoed' the then Vice Chancellor PN Srivastava of JNU later he was released on bail and charges were dropped against the students.[13][14][15] 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.[16] 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).[17]
In 2012, he shared the Gerald Loeb Award Honorable Mention for Business Book with co-author Esther Duflo for their book Poor Economics.[18]
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).[19]
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.[20]
In 2019, he was awarded the Nobel Prize in Economics, together with Esther Duflo and Michael Kremer, for their work alleviating global poverty.[21][22]
Personal life
Abhijit Banerjee was married to Dr. Arundhati Tuli Banerjee, a lecturer of literature at MIT.[23][24] Abhijit and Arundhati had one son together, before they divorced.[23]
Abhijit has a child (born 2012) with co-researcher and MIT professor Esther Duflo.[25][26] Banerjee was a joint supervisor of Duflo's PhD in economics at MIT in 1999.[27][25] Duflo is also a Professor of Poverty Alleviation and Development Economics at MIT.[28] Banerjee and Duflo formally married each other in 2015.
Banerjee is co-founder of 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 is also a fellow at the American Academy of Arts and Sciences and a fellow at the Econometric Society, and also has been a Guggenheim Fellow and an Alfred P. Sloan Fellow.
He is the co-author of Poor Economics.
Early life
Banerjee was born in Mumbai, India,[11] 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 studied in South Point High School. After his schooling, he took admission in the University of Calcutta in Presidency College, Kolkata where he completed his B.Sc. degree in economics in 1981. Later, he completed his M.A. in economics at the Jawaharlal Nehru University, Delhi in 1983.[12] He was arrested and jailed in Tihar Jail during a protest after students 'gheraoed' the then Vice Chancellor PN Srivastava of JNU later he was released on bail and charges were dropped against the students.[13][14][15] 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.[16] 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).[17]
In 2012, he shared the Gerald Loeb Award Honorable Mention for Business Book with co-author Esther Duflo for their book Poor Economics.[18]
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).[19]
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.[20]
In 2019, he was awarded the Nobel Prize in Economics, together with Esther Duflo and Michael Kremer, for their work alleviating global poverty.[21][22]
Personal life
Abhijit Banerjee was married to Dr. Arundhati Tuli Banerjee, a lecturer of literature at MIT.[23][24] Abhijit and Arundhati had one son together, before they divorced.[23]
Abhijit has a child (born 2012) with co-researcher and MIT professor Esther Duflo.[25][26] Banerjee was a joint supervisor of Duflo's PhD in economics at MIT in 1999.[27][25] Duflo is also a Professor of Poverty Alleviation and Development Economics at MIT.[28] Banerjee and Duflo formally married each other in 2015.
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