Angus Deaton wins 2015 Nobel Prize in Economics

The 69 year old American-British economist is the 2015 winner of the Nobel Prize in Economics. Deaton receives the Prize for his analyses about consumption, poverty and welfare. 

Deaton is currently the Dwight D Eisenhower professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs at Princeton. Before that he taught at Cambridge University and the University of Bristol. Deaton was born in Scotland and has a dual citizenship (American and British).

Angus Deaton’s research focused on the relationship between income and expenses and on the living standards in developing countries. His current work focuses on determining conditions for well-being in rich and poor countries.