| Nobel Laureate | Year | Nationality | Contribution |
|---|---|---|---|
| Elinor Ostrom | 2009 | U.S. | Analysis of economic governance, especially the commons |
| Esther Duflo | 2019 | France/US | Experimental approach to alleviating global poverty |
| Claudia Goldin | 2023 | US | Research on women’s labor market outcomes |
Elinor Ostrom – 2009
Elinor Ostrom won the Nobel Prize in Economics in 2009 for her research on how communities manage shared resources, like forests or fisheries. She was the first woman to win this prize in economics. Ostrom showed that communities can actually do a good job of taking care of these resources, even though many people thought they would just use them up too quickly. The emphasis of her work was on the importance of local people working together to manage resources sustainably. This has had a big impact on how we think about protecting the environment and managing resources worldwide.
Esther Duflo – 2019
Esther Duflo, along with Abhijit Banerjee and Michael Kremer, won the Nobel Prize in Economics in 2019. It was for their new way of studying and helping with global poverty. Duflo, who is from France and the USA, is an economist who focuses on development economics. She’s famous for using detailed studies to understand why people are poor and how to help them. She helped start the Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT, where she teaches. Their work involved testing different ways to help poor people, like giving them education, healthcare, or small loans, using a method called randomized controlled trials (RCTs).
Claudia Goldin
Claudia Goldin (2023) is the latest economics Nobel laureate. She holds the distinction of being the first woman sole recipient of the Economics Nobel Prize in a single year.
In fact, we’ve written a dedicated article on Claudia that focuses on her journey, as well as the nobel-winning research about how women are treated in the job market. You can find the article right below this one.
