• Home
  • Latest
  • Fortune 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
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 Fortune‘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 Fortune:

—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 Fortune’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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune 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
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Finance

The Zynlo Bank logo on a blue and purple layered frame.
Personal Financechecking accounts
ZYNLO Bank review 2025
By Joseph HostetlerDecember 18, 2025
3 hours ago
The Zynlo Bank logo on a green layered background.
Personal FinanceCertificates of Deposit (CDs)
ZYNLO Bank CD rates 2025: Only one account option (and it’s a good one)
By Joseph HostetlerDecember 18, 2025
3 hours ago
Trump
PoliticsTariffs and trade
Trump was wrong about tariffs funding the ‘Warrior Dividend’ of $1,776—troops were already set to get the money
By Josh Boak, Michelle L. Price and The Associated PressDecember 18, 2025
3 hours ago
The Trump Media & Technology Group said Dec. 18 it would merge in a $6 billion deal with the TAE Technologies fusion energy developer.
EnvironmentDonald Trump
CEO of nuclear fusion firm Trump Media is merging with: High-velocity capital is critical to build quickly and efficiently. The concerns are secondary
By Jordan BlumDecember 18, 2025
4 hours ago
Personal FinanceLoans
When is a personal loan a good idea?
By Joseph HostetlerDecember 18, 2025
5 hours ago
A drawing of a piggy bank on a rocket ship.
Personal FinanceSavings
Best high-yield savings accounts of December 2025
By Glen Luke FlanaganDecember 18, 2025
5 hours ago

Most Popular

placeholder alt text
Economy
The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says
By Nick LichtenbergDecember 17, 2025
1 day ago
placeholder alt text
AI
'Robots are going to be amongst us': Qualcomm exec says buckle up for the next 5 years. Your car is going to be the first shoe to drop
By Nino PaoliDecember 17, 2025
2 days ago
placeholder alt text
C-Suite
Red Lobster CEO Damola Adamolekun says the key to being a better leader is being a better person: ‘Leadership is self-improvement’
By Sydney LakeDecember 17, 2025
1 day ago
placeholder alt text
Success
As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’
By Preston ForeDecember 16, 2025
2 days ago
placeholder alt text
AI
Amazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up
By Sharon GoldmanDecember 17, 2025
1 day ago
placeholder alt text
Success
Britain’s defense chief calls on Gen Z grads leaving university to skip corporate jobs and join the military as war with Russia becomes a growing risk
By Emma BurleighDecember 17, 2025
1 day ago

© 2025 Fortune 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 Fortune 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.