Nobel Prize

MIT, Harvard professors win Nobel Prize in Economics for research on poverty

The winners of the 2019 Nobel prize in economic science.
Photo by Jonathan Nickstrand/AFP/Getty Images

Three professors who studied ways to alleviate poverty won the Nobel Prize in Economic Science on Monday, the AP reports.

Why it matters: With their research, Abhijit Banerjee and Esther Duflo, both of MIT, and Michael Kremer of Harvard introduced a new approach to addressing global poverty by dividing the issue into more manageable questions. Duflo, 46, is the youngest person and 2nd woman ever to receive a Nobel Prize in Economics.

Go deeper: Ethiopian Prime Minister Abiy Ahmed wins Nobel Peace Prize

Ethiopian Prime Minister Abiy Ahmed wins Nobel Peace Prize

Ethiopian Prime Minister Abiy Ahmed
Ethiopian Prime Minister Abiy Ahmed. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize on Friday.

Why it matters: Ahmed was selected for his part in helping restart peace talks with neighboring Eritrea after years of conflict. The award is also meant to "recognize all the stakeholders working for peace and reconciliation in Ethiopia and in the East and Northeast African regions."