Johan Jarnestad / The Royal Swedish Academy of Sciences On Monday, the Royal Swedish Academy of Sciences announced that Angus Deaton of Princeton University is the winner of the 2015 Prize in Economic Sciences in Memory of Alfred Nobel "for his analysis of consumption, poverty, and welfare." On a call with reporters on Monday morning, Deaton said that he was “pretty sleepy” when he got the Nobel call, but that he was also “surprised and delighted.” The Nobel committee said that three areas of Deaton’s work is being recognized: first, his work on demand systems on how consumers distribute spending in order to forecast consumption patterns; second, his work linking consumption and income on the individual and aggregate level; and third, his more recent research on household surveys, which has led to a greater understanding about how poverty affects living standards.
Angus Deaton Wins The Nobel Prize In Economics
blam@theatlantic.com, The Atlantic
Mon, 10/12/2015 - 6:56am
Topics: johan jarnestad the royal swedish academy sciences on monday angus deaton economic sciences memory alfred nobel the great escape david leonhardt the new york times united states h.i.v africa life asia scotland cambridge university bristol economics association princeton nobels sims krugman kahneman nash justin wolfers justinwolfers october david pendlebury thomson reuters ldquo;nobel december stockholm nobel prize award ceremonies royal swedish academy he sciences on monday deaton princeton university princeton university prize nobel deaton&rsquo princeton american american in justin wolfers percent years work consumption poverty surged call skepticism problems book economists countries
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