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2015 Nobel Memorial Prize in Economic Sciences

The 2Nobel_Prize015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, has been awarded solely to Angus Deaton (Princeton University, USA), “for his analysis of consumption, poverty, and welfare”.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was established in 1968, in conjunction with the 300th anniversary of the Central Bank of Sweden (Sveriges Riksbank). This award would be handed out by the Royal Swedish Academy of Sciences based on the same selection criteria and procedures, and principles as the Nobel Prizes that have been awarded since the beginning of the 20th century.

Angus Deaton’s studies delve into the different aspects of consumption, which is fundamental to the economy and people’s welfare. The three achievements that have won him this year’s Prize in Economic Sciences are: John Muellbauer’s and his development of the system for estimation of the demand for different foods; studies in 1990 that relate consumption to income; and his measurement of living standards and poverty in the developing countries in the recent decades.

Browse through some of his research for free (articles are free to access till 31 Dec 2015):

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