Presidency University in Kolkata has become the alma mater of two Nobel Laureates. Indian-origin economist Abhijit Banerjee, who won the coveted Nobel prize on Monday along with his wife Esther Duflo and Michael Kremer, started his journey in the world of economics from the hallways of Presidency University.
Born to two economy academicians, Abhijit did his Bachelor’s degree from Presidency College, Calcutta (now known as Presidency University, Kolkata) in 1981.
He went to pursue a Master’s degree in economics at the Jawaharlal Nehru University, Delhi in 1983. Abhijit moved to the United States to obtain a PhD in Economics at Harvard University in 1988.
Since then, he has been a faculty at Harvard University and Princeton University. Currently, Banerjee is the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
Abhijit Banerjee’s field of work is development economics. The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer jointly “for their experimental approach to alleviating global poverty”.
Presidency University’s first alumna to be awarded the Nobel prize was Amartya Sen. He was awarded the Nobel Memorial Prize in Economic Sciences in 1998.
Amartya Sen also did his Bachelor’s degree in economics from Presidency University in Kolkata in 1951. Sena had also done a second BA in Economics in 1955 from Trinity College, Cambridge. Subsequently, he also pursued his PhD in Trinity College.
Amartya Sen was awarded The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1998 “for his contributions to welfare economics”.