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2015 Nobel Prize Winner Angus Deaton's Research May Save Economists From Going Back to the Future

On the early Monday morning of October 12, 2015, the 69-year-old Princeton University Professor was delighted to hear from a friend. The familiar voice was from Stockholm, and the news he was about to hear symbolized the highest level of global recognition in the field of economics.

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton, Princeton University, NJ, USA for his analysis of consumption, poverty, and welfare.

Angus Deaton was born in 1945 in Edinburgh, Scotland UK. A dual citizen of the United States and the United Kingdom, Deaton’s research in economics has built bridges between theory and data. As a result, his contributions have left clear and lasting impressions in practical economic policy and in modern economic research.

Mr. Deaton received his PhD in 1974 from the University of Cambridge, UK and is currently a Professor of Economics and International Affairs at Princeton University, NJ. The Royal Swedish Academy of Sciences held a press conference on Monday, Oc ...

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