Microfinance

MIT Economist Esther Duflo wins John Bates Clark Medal

Esther Duflo, who has pioneered new methods of analyzing antipoverty programs in developing countries has won the John Bates Clark medal, the American Economic Association has announced.Prof. Duflo has  also been the co-author of the Microfinance Impact Evaluation study which was released a few months ago.

The American Economic Association has said

“Esther Duflo has distinguished herself through definitive contributions to the field of Development Economics. Through her research, mentoring of young scholars, and role in helping to direct the Abdul Latif Jameel Poverty Action Lab at MIT, she has played a major role in setting a new agenda for the field of Development Economics, one that focuses on microeconomic issues and relies heavily on large-scale field experiments.”

About the John Bates Clark Medal

The John Bates Clark Medal is awarded by the American Economic Association to that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge.It is widely regarded as one of the field’s most prestigious awards, perhaps second only to the Nobel in economic science.The award was made biennially until 2007, but is being awarded every year from 2009 because many deserving went unawarded.

The India Microfinance Team congratulates Prof Esther Duflo on winning this award.

Business Week has more details of the award and Prof Duflo’s work

esther duflo john bates clark

Prof Esther Duflo at Centre for Microfinance at IFMR presenting her paper The Miracle of Microfinance. Pic-Credit:IFMR

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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