Esther Duflo wins Clark medal
MIT economist Esther Duflo PhD ‘99, whose influential research has prompted new ways of fighting poverty around the globe, was named winner today of the John Bates Clark medal. Duflo is the second woman to receive the award, which ranks below only the Nobel Prize in prestige within the economics profession and is considered a reliable indicator of future Nobel consideration (about 40 percent of past recipients have won a Nobel).Duflo, a 37-year-old native of France, is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and a director of MIT’s Abdul Latif Jameel Poverty Action Lab (J-PAL). Her work uses randomized field experiments to identify highly specific programs that can alleviate poverty, ranging from low-cost medical treatments to innovative education programs.Duflo, who officially found out about the medal via a phone call earlier today, says she regards the medal as “one for the team,” meaning...