Esther Duflo is the winner of the prestigious John Bates Clark medal

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The American Economic Association on Friday picked Esther Duflo, a professor at the Massachusetts Institute of Technology, as the winner of its prestigious John Bates Clark medal, which is awarded to the top economist under 40.

Ms Duflo, 37, specialises in development economics and is the second woman to be awarded the medal, which has been given out every two years since 1947. The award is given to the most promising young economist who is “judged to have made the most significant contribution to economic thought and knowledge”, according to the AEA.

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