LIST-I
Winners of Nobel Prize in EconomicsLIST-II
FieldA. Abhijit Banerjee I. New Trade Analysis Theory B. Paul Krugman II. Game Theory Analysis C. Thomas Schelling III. Welfare Economics D. Amartya Sen IV. Poverty Alleviation
Choose the correct answer from the options given below:
Economics Nobel Laureates: Field Matching Explained
This section details the correct matching between the Nobel Prize winners in Economics listed in List-I and their respective fields of contribution from List-II.
Understanding the Laureates' Contributions
- Abhijit Banerjee (A): Awarded the Nobel Prize in 2019 for his work on alleviating global poverty using experimental methods. This aligns with IV. Poverty Alleviation.
- Paul Krugman (B): Received the prize in 2008 for his analysis of international trade patterns and the location of economic activity, key concepts in New Trade Theory. This matches I. New Trade Analysis Theory.
- Thomas Schelling (C): Recognized in 2005 for his analysis of conflict and cooperation, particularly through the application of game theory. This corresponds to II. Game Theory Analysis.
- Amartya Sen (D): Honored in 1998 for his foundational contributions to welfare economics, including research on social choice theory. This matches III. Welfare Economics.
Final Matching Summary
The correct pairings derived from the analysis are:
- A - IV (Abhijit Banerjee - Poverty Alleviation)
- B - I (Paul Krugman - New Trade Analysis Theory)
- C - II (Thomas Schelling - Game Theory Analysis)
- D - III (Amartya Sen - Welfare Economics)
This combination represents the correct answer among the given options.
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