Congratulations to Princeton Professor Angus Deaton from his proud publisher, Princeton University Press, on his 2015 Nobel Prize in Economics. Deaton’s 2013 PUP book received admirable notices near and far, including this one by none other than Bill Gates: “If you want to learn about why human welfare overall has gone up so much over time, you should read The Great Escape: Health, Wealth, and the Origins of Inequality.” We couldn’t agree more.
Peter J. Dougherty
From the Nobel committee, as reported in The New York Times:
“To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices,” the committee that awarded the prize said in a statement. “More than anyone else, Angus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics and development economics.”
You can watch a Financial Times interview with Angus Deaton, where he discusses global inequality with John McDermott here.