Nobel Memorial Prize in Economic Sciences 2015

Date: October 13, 2015

microeconomics the U.S. poverty

Angus Deaton of Princeton University was awarded the 2015 Nobel Prize in Economics for his analysis of consumption, poverty and welfare. 

The economist Angus Deaton has devoted his career to improving the data that shape public policy, including measures of wealth and poverty, savings and consumption, health and happiness.

Taking advantage of faster computers and an explosion of newly accessible information, he assembled the details of many individual lives to better understand the sweep of economic trends.

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The 69-year-old laureate’s research has focused on health in both rich and poor countries, as well as on measuring poverty in India and around the world. Born in Scotland, and a citizen of the U.S. and the U.K., Deaton obtained his Ph.D. from the University of Cambridge. His 2013 book, “The Great Escape,” maps the origins of inequality and its fallout spanning 250 years of economic history.