2015 Nobel Prize in Economics goes to Princeton’s Angus Deaton

To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices,” the academy said. “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.”

Last year’s award went to Frenchman Jean Tirole of the University of Toulouse for his work on how governments can regulate industries from banking to telecommunications.

2015analysisangus deatonconsumptioneconomicsnovel prizepovertyprinceton universitywelfare
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