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Nobel Prize 2015

Princeton's Angus Deaton wins Nobel in economics

Princeton University professor Angus Deaton has been awarded the 2015 Nobel Prize in economics for his contributions to understanding consumption at the individual level and in aggregate.

Deaton, the Dwight D. Eisenhower Professor of International Affairs and a professor of economics and international affairs in Princeton's Woodrow Wilson School of Public and International Affairs, has been a faculty member at Princeton since 1983.

Deaton was honored with the Nobel Memorial Prize in Economic Sciences for his work in "consumption, poverty and welfare," the Royal Swedish Academy of Sciences noted in announcing the award today.

"The consumption of goods and services is a fundamental part of people's welfare. The Laureate, Angus Deaton, has deepened our understanding of different aspects of consumption," the Nobel committee said. "His research concerns issues of immense importance for human welfare, not least in poor countries. Deaton's research has greatly influenced both practical policymaking and the scientific community. By emphasizing the links between individual consumption decisions and outcomes for the whole economy, his work has helped transform modern microeconomics, macroeconomics and development economics." 


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