The Nobel panel said the group made a decisive contribution to the building of a pluralistic democracy in Tunisia in the wake of the Jasmine Revolution of 2011.
MIT, in a release, said the 'work of Duflo and Banerjee has emphasised the use of field experiments in research, to bring the principles of laboratory-style randomised, controlled trials to empirical economics'.
Kazuo Ishiguro has written eight books, as well as scripts for film and television, the Academy said.
Hague-based Organisation for the Prohibition of Chemical Weapons was awarded the 2013 Nobel Peace Prize on Friday for its extensive efforts to eliminate chemical weapons.
'The bhadralok would have earlier baulked at the very idea of wearing a coloured dhoti; now, with Dr Banerjee wearing, it is quite likely to be the hot fashion item during Durga Puja next year,' says Uttaran Das Gupta.
For a start this award has a history of having less to do with actual contributions and more to do with some part of a larger agenda. Some pretty dubious people have received this. Many more were patently undeserving, says Mohan Guruswamy.
Child rights activists India's Kailash Satyarthi and Pakistan's Malala Yousafzai on Tuesday said the Nobel peace prize gives them tremendous opportunity in their fight and struggle for children's rights.
Deaton was at a loss when asked what the future held.
India's Kailash Satyarthi and Pakistan's Malala Yousafzai, who won this year's Nobel Peace Prize for their fight against the oppression of children and their right to education, will receive the award at a ceremony in Oslo on Wednesday. Here are interesting facts about Nobel winners.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
After receiving the Nobel Peace Prize on Wednesday and captivating the minds of people around the world for his simplicity and modesty, Kailash Satyarthi, the engineer-turned-child rights activist, returned home to India from Oslo on Saturday night.
To imagine that no one contributed to global peace to deserve the prize in 2017 is to be extremely cynical about peacemakers around the globe.
The Nobel Prize for Malala may have caused deep divisions across the globe and disturbed the peace, while the award to OPCW, though not without critics, may have served the cause of peace by eliminating a weapon of mass destruction from the face of the earth, says Ambassador T P Sreenivasan.
India's Kailash Satyarthi received the Nobel Peace Prize for 2014 on Wednesday, sharing it with Pakistan's Malala Yousafzai, the youngest ever Nobel laureate, for their work on promoting child rights in the troubled sub-continent, where millions are deprived of their childhood and education.
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