Esther Duflo has been chosen as one of the three winners of the 2019 Nobel Prize in economics. Duflo, a professor at the Massachusetts Institute of Technology (MIT), was recognized for her research that explores how conditions of poverty can be most effectively addressed using economic principles. For example, a research paper she co-authored looks at whether giving high school scholarships, in a developing country that charges tuition fees for high school education, can affect students’ future educational opportunities and employment income.
In the words of the Nobel award committee, Duflo’s research is exceptional because of its “experimental approach to alleviating global poverty”. Duflo is the youngest winner to ever received the award, and is also only the second female winner.
The gender imbalance between male and female Nobel economics laureates is not surprising, since only 14% of university economics professors are women. But, ironically, Duflo’s win occurred just a few weeks after the release of a troubling report by the American Economic Association (AEA), the largest international association of economists. The report described a problematic “professional climate” in economics.
Several recent events, including a professor being elected to the AEA executive despite being accused of harassing employees and students, caused the AEA, and the economics profession in general, to be (more…)