Nobel laureate Amartya Sen on Monday said he was "very, very happy and delighted" over Abhijit Vinayak Banerjee jointly winning the Nobel in Economics. Sen had won the same award in 1998 for his contribution to welfare economics.
Speaking to PTI from Boston, Sen said: “I am very, very happy and delighted that Abhijit Banerjee along with others have been awarded with the Nobel for Economics,” he said.
Banerjee, 58, bagged the coveted prize jointly with his wife Esther Duflo and another economist Michael Kremer for his "experimental approach to alleviating global poverty".
I think that the prize has been given to the most competent persons, Sen said.
Banerjee is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT).
Sen, 86, currently serves as professor of economics and philosophy at Harvard University, from where Banerjee received his Ph.D in 1988. Both of them had beenstudents of the famed Presidency College, now university, inthe city during their undergraduate years.