Nobel Prize contributes to increasing diversity in economics


The Nobel prize for economics has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer ‘for their experimental approach to alleviating global poverty.’ Their work and research has ‘transformed development economics‘.

Michael Kremer has co-authored an Economic Journal article – ‘Are Educational Vouchers Only Redistributive?‘ – which you can read online for free, while Esther Duflo delivered the 2016 Economic Journal Lecture at our 2016 Annual Conference and also co-authored an article recently published in The Econometrics Journal.

Esther Duflo is the second woman to be awarded the Nobel Prize since the it was introduced in 1969. Duflo said that she hopes her win will ‘inspire many, many other women to continue working’ in economics.

The Royal Economic Society has recently launched a campaign in partnership with leading economic organisations to help tackle the diversity issue within economics. To keep up with the campaign you can follow @DiscoverEcon on Twitter and check the campaign website.

RES president Rachel Griffith said:

“It was great to see the news that Abhijit Banerjee, Ester Duflo and Michael Kremer won the Nobel this year. I can not think of a better group of economists to send the message to young people that economics is an exciting and inclusive field, and that it can be used to help the most vulnerable in society to live better lives.”