Angus Deaton is the winner of 2015's Nobel Prize for Economics, with the
committee praising his "analysis of consumption, poverty, and
welfare".
“To design economic policy that promotes welfare and reduces poverty, we
must first understand individual consumption choices,” the academy wrote. “More
than anyone else, Angus Deaton has enhanced this understanding. By linking
detailed individual choices and aggregate outcomes, his research has helped
transform the fields of microeconomics, macroeconomics, and development
economics.”
During a call at the press conference, Deaton declined to comment on
whether his work on gender inequality and other issues could lead to fixing
those problems. But historically the recognition that the prize brings has
brought economists' ideas to the fore, and allowed them to become more involved
in policy making.
Deaton describes his research as focusing on “the determinants of health
in rich and poor countries, as well as on the measurement of poverty in India
and around the world”, on his page on the Princeton University website. He is
the Dwight D. Eisenhower Professor of Economics and International Affairs at
the university’s public and international affairs and economist departments.
Deaton is one of the few 2015 Nobel laureates who won’t have to share his
prize with anyone. He is also the last winner to be announced — though his
prize isn't strictly a Nobel but rather the "Sveriges Riksbank Prize in
Economic Sciences in Memory of Alfred Nobel".
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