It has been just over 5 years since Esther Duflo won the Nobel Prize in Economics. Not only did she become the second to obtain it, after Elinor Ostro, awarded in 2009, but she is also the youngest woman to have won it, at 46 years old at the time.
“By showing that it is possible for a woman to be successful and to be recognized for that success, wait inyespiss to many, many other women to continue working and to give many other men the respect they deserve like all human beings,” Duflo expressed after obtaining the award.
In any case, this was not the first award he received, but he had already achieved the Princess of Asturias Award for Social Sciences that she received in 2015 in Spain and the John Bates Clark Medal in 2010which distinguishes the best economist in the United States under 40 years of age.
The life of Esther Duflo
Duflo, born in 1972 in Parisis the second of three children of a couple made up of a mathematician and a pediatricianand lived his childhood on the outskirts of the French capital. After graduating from the École Normale Supérieure de Paris in 1994 in History and Economics, he obtained his master’s degree in Economics at the École Normale Supérieure and the École Polytechnique.
Then, in 1999, he got his PhD at the Massachusetts Institute of Technology (MIT)where she now continues her career and became an academic. In 2022, she was promoted to associate professor at age 29, making her one of the youngest professors to earn tenure. A year later he obtained the professorship.
Their works have as research centers to microeconomies of developing countriesand its objective is to find ways or paths to reduce global poverty. For this, in 2003 he created the J-PAL (Abdul Latif Jameel Poverty Action Lab), a network of 181 affiliated professors from 58 universities around the world that collaborates with governments and social organizations.
In 2010, the economist provided a TED talk that generated a lot of impact: “Every day, 25,000 children die from completely preventable causes. If we don’t know if we do any good (with humanitarian aid) We are no better than medieval doctors and their leeches. “Sometimes the patient gets better, sometimes he dies. Is it the leeches or something else?”
Its vision, in that sense, implies rigorous work with follow-up, at the level of other fields, such as medicine, and social policies. “The key is to know how to spend money, not how much“explains Duflo in his book Rethink poverty (“Rethinking poverty”).
His name gained recognition when In 2013, the then president of the United States, Barack Obama, included her in an exclusive presidential committee for developmentwhose objective was to think and promote ideas related to the reduction of inequality.
One of his most notable works was in Indiawhere identified a large percentage of work absenteeism among teachers and professors. His solution was to do short-term and renewable contracts based on performancewhich made the students achieve better results.
In another of his projects he analyzed How price affected demand for deworming pillsthereby determining when and how much should be charged for medications in a given context. He also on several occasions defended raising taxes on the richest, a measure to promote equality between classes.
In 2020, it became president of the Fund for Innovation in Developmentan organization sponsored by the French Development Agency that provides grants to develop and scale interventions for poverty and inequality.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
