STOCKHOLM (AP) — Nobel Economics Prize for 2019 awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for studies on poverty.
The Royal Swedish Academy of Sciences announced the prize on Monday.
The prize — officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel — wasn’t created by the prize founder, but it is considered to be part of the Nobel stable of awards.
The prize was created by Riksbanken, the Swedish central bank, in 1968, and the first winner was selected a year later.
With the glory comes a 9-million kronor ($918,000) cash award, a gold medal and a diploma.
The laureates receive them at elegant ceremonies on Dec. 10 — the anniversary of Nobel’s death in 1896 — in Stockholm.
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