And the Nobel Prize goes to…

The Prize in Economic Sciences in Memory of Alfred Nobel, also known as The Nobel and Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions.

The prize is this year awarded to Abhijit Banerjee, MIT, Esther Duflo, MIT and Michael Kremer, Harvard.

This is great. Not only since Esther Duflo is only the second female proze winner ever, but foremost for the reason of the prize.

Award winners are rewarded for their work in identifying the measures that are most effective in combating global poverty. In doing so, they step right into the debate where the legitimacy of unemployment assistance is in question and more and more want to move away from the one-percent goal of Swedish aid.

Their most important efforts are that they design field trials and field studies, which test different interventions and refine them to give better results.

For somebody like me that have worked in more than 120 countries, modt of them developing countries and enämerging economies is this fantastic news. Congratulations.

Now let us use these scientific advancements to erase poverty.