$tudying poverty is a lucrative business

The 2019 Nobel Prize in Economic Sciences has recently been awarded to husband and wife Massachusetts Institute of Technology professorial team, Abhijit Banerjee and Esther Duflo “for their experimental approach to alleviating global poverty.” The third recipient is Michael Kremer, professor of Developing Societies in the Department of Economics at Harvard, who previously taught in Kenya.

Officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, the award was created in 1968 by Riksbanken, the Swedish central bank.

The award comes with a 9 million-kronor ($918,000) cash award, a gold medal and a diploma.

Nobel prizes were also given in medicine, physics and chemistry plus two literature awards, and the once acclaimed “Peace” Prize.

The Nobel Peace Prize  (complete recipient list) lost much of its luster after it was awarded to Palestinian Liberation Organization leader and terrorist Yasser Arafat, known for inciting murderous rampages including suicide bombers and blowing up school buses filled with Israeli children.

It’s nothing if not political. Since its inception in 1901, there have been 125 recipients. Four have been U.S. Presidents and one a failed Dem candidate. Only one of the four, Theodore Roosevelt, has been a Republican — in 1906. Democrats Woodrow Wilson (1919), Jimmy Carter (2002), and Barack Obama (2009) all merited the award, along with Al Gore (2007).

Obama, who submissively bowed to emperors, tyrants, and Muslim monarchs received the prize for his “extraordinary efforts to strengthen international diplomacy and cooperation between people.”

5 Responses to $tudying poverty is a lucrative business

  1. MacBeth says:

    The fact that these MIT and Harvard well compensated professors will receive nearly a $Million dollars for “studying” poverty is repulsive. They might consider donating it to the impoverished.

  2. Saguaro Sam says:

    RE: The 2019 Nobel Prize for Economic Sciences:
    What about this is new?

    “. . .The Academy said the work of the three economists had shown how the problem of poverty could be tackled by breaking it down into smaller and more precise questions in areas such as education and healthcare, making problems easier to tackle. . .”

    It appears that the focus is on problems in India.

    Banerjee writes columns, now and again, that are published in the
    indianexpress.com
    One column was specifically about drunk driving.

    However, if the MIT and Harvard geniuses want to address the problems in the American education system, they might want to take a look at this, which just recently happened in a classroom in TX:

    (CAUTION: this is beyond brutal. A female substitute teacher beats a white student who is sitting down at the time Recent.)

    • Realist says:

      Another “sainted” teacher…she obviously needs a raise.
      Had this occurred in Arizona Gov. Doug Ducey would have made sure she had an extra 20% pay increase.

      • Saguaro Sam says:

        Now learning that the female student who was viciously attacked is a special needs student.

        And the way this “teacher” was dressed is of interest, also.
        Thug life.

    • East Valley Conservative says:

      Arafat, who aligned with Communists, was 5’2 and must have felt more imposing inciting murders against innocent children and Israeli citizens. He fought against the creation of Israel with the Muslim Brotherhood. He was in on the 1972 Munich Olympic kidnap and massacre of 11 Israeli athletes. Arafat was cozy with fellow terrorists Saddam Hussein, Muammar Gaddafi and Idi Amin. Arafat was Amin’s best man at his wedding.

      Nice guy, obviously worthy of a Peace Prize.