• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Financenobel prize economics

Meet Esther Duflo, the Second Woman Ever to Win the Nobel Prize in Economics

Anne Sraders
By
Anne Sraders
Anne Sraders
Down Arrow Button Icon
Anne Sraders
By
Anne Sraders
Anne Sraders
Down Arrow Button Icon
October 14, 2019, 2:39 PM ET

Nobel Prize in Economics’ 2019 winner Esther Duflo became the youngest (and second) woman to win the award on Monday, and says it is “incredibly humbling.”

Duflo, 46, who hails from MIT, won the prize along with her husband Abhijit Banerje of MIT and Harvard’s Michael Kremer for their work on an experimental approach to alleviate global poverty. The trio’s work explored the causes of poverty and did field experiments to determine how those in poverty respond to education, healthcare, agriculture and other programs. The trio received a 9 million Swedish kronor ($916,000) cash award as part of the prize. The professors’ work has primarily focused on Africa and India.

In comments made at a news conference following her win, Duflo, as only the second woman to win the prize since its inception in 1969 (the first woman to win the prize was Elinor Ostrom in 2009), said she wants to be an inspiration for women in her field.

“Showing that it is possible for a woman to succeed and be recognized for success I hope is going to inspire many, many other women to continue working and many other men to give them the respect that they deserve like every single human being,” she said.

Additionally, Duflo told nobelprize.org in a later phone interview that “the profession is starting to realize the climate and the way we treat each other is not conducive for having more women in the profession.” She added that, “it’s how people talk to each other and address each other in seminars, that we need to work on to ensure it’s more respectful and will be more acceptable for women to think they don’t have to play the games of shouting at each other.”

The MIT professor has long worked on challenges related to poverty, and previously won the John Bates Clark Medal in 2010. She was also the recipient of the MacArthur “genius” Fellowship in 2009, and was previously named to Coins2Day‘s 40 Under 40.

“It was incredibly humbling to tell you the truth,” Duflo said during the news conference of winning the Nobel prize. “I didn’t think it was possible to win the Nobel prize in economics before being significantly older than any of the three of us.”

Duflo and her fellow recipients wanted to approach the problem of poverty from a scientific angle, she said. “Often the poor are reduced to caricatures, and often even people that try to help them often do not actually understand what are the deep root of the problems that are addressing the poor,” Duflo said.

The team’s research has already made a big impact. As a result of some of their experiments, 5 million children in India have received remedial tutoring in schools, and some countries have introduced subsidies for preventative healthcare, according to a statement from the Royal Swedish Academy of Sciences.

Duflo says their research seeks to “unpack the the problems, one by one, and address them as rigorously and scientifically as possible.”

More must-read stories from Coins2Day:

—Elizabeth Warren’s story shows why pregnancy discrimination is so insidious
—The gender pay gap is bad in finance, particularly among asset management firms
—Meet the women leading Netflix into the streaming wars
—Old Navy is about to sail away from Gap Inc.—and into some choppy waters
—The 25 most powerful women in politics
Keep up with the world’s most powerful women with Coins2Day’s Broadsheet newsletter.

 

About the Author
Anne Sraders
By Anne Sraders
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
21 hours ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
3 days ago
placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
3 days ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
2 days ago
placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
6 hours ago
placeholder alt text
Big Tech
Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained
By Eva RoytburgJanuary 29, 2026
2 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

Netflix
Big TechMarkets
Netflix may be turning into an ‘entertainment giant,’ but its stock looks like ‘dead money’ to investors
By Nick LichtenbergJanuary 31, 2026
58 minutes ago
Theranos founder Elizabeth Holmes and her husband Billy Evans.
LawTheranos
The mystery behind Elizabeth Holmes’ tweeting spree from prison
By Jessica MathewsJanuary 31, 2026
1 hour ago
EconomyFederal Government
Meet the first CEO of the IRS: A Jamie Dimon protege facing a $5 trillion test this tax season
By Shawn TullyJanuary 31, 2026
3 hours ago
EconomyU.S. economy
Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II regarding the spiraling $31 trillion national debt
By Shawn TullyJanuary 31, 2026
3 hours ago
Jerome Powell leaving the Fed is a key concern for Claudia Sahm.
EconomyLabor
‘I just don’t have a good feeling about this’: Top economist Claudia Sahm says the economy quietly shifted and everyone’s now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
6 hours ago
United States President Donald Trump
EconomyInflation
Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025
By Eleanor PringleJanuary 30, 2026
16 hours ago