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Had enough yet? Last month was the hottest March on record worldwide; global carbon emissions are tracking the IPCC’s worst-case scenario; poverty-stricken India is now shouldering a carbon mitigation burden greater than ours; and the Senate’s score on cap-and-trade is holding steady at zero.
A hearty congratulations to Esther Duflo, winner of this year’s John Bates Clark Medal! Since 1947 the American Economic Association has awarded the medal to “that American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.” In our profession, the Clark Medal ranks second only to the Nobel Prize, and about 40 percent of medal winners have gone on to win a Nobel. Esther, a 37-year-old native of France, richly deserves this platinum honor.