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Nobel-Winning Economists To Leave US For Zurich: University

Duflo and Banerjee will co-lead a new development economics center at UZH with CHF 26 million funding from the Lemann Foundation to support policy-relevant research worldwide.

  • On October 10, 2025, the University of Zurich announced Esther Duflo and Abhijit Banerjee will join UZH from July next year to establish a new centre for development economics.
  • Reports say the move follows worries about US research funding cuts and threats to academic freedom, while experts warned this environment risks a brain drain attracting US scientists abroad.
  • Each economist will take an endowed professorship at UZH funded by the Lemann Foundation, supported by a CHF 26 million donation.
  • They will co-lead the Lemann Center for Development, Education and Public Policy to foster policy-relevant research, and university president Michael Schaepman said `We are delighted that two of the world's most influential economists are joining UZH`.
  • Both laureates, who won the 2019 Nobel Prize shared with Michael Kremer, will retain part-time roles at the Massachusetts Institute of Technology while joining UZH in July next year.
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20 Articles

Lean Right

The Nobel Prize in Economics Esther Duflo and Abhijit Banerjee leave MIT for Zurich University. A resounding transfer that illustrates Europe's attractiveness in an uncertain American context.

·Paris, France
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Lean Right

US President Donald Trump cuts funds and jobs for US scientists. Now two Nobel laureates leave the US, but despite full-bodied announcements from Germany, their path does not lead to the EU – research funds also play a role.

·Dortmund, Germany
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Moneycab broke the news in on Friday, October 10, 2025.
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