A professor of economics and international affairs at Princeton is this year’s winner of the Nobel Prize in Economics.
“The Royal Swedish Academy Of Sciences has today decided to award the prize in economic sciences in memory of Alfred Nobel to Angus Deaton for his analysis on consumption, poverty and welfare. We were hoping to display his citation on the screen but apparently something is wrong with the technique here.”
Angus Deaton is known for his belief that economic averages like national income can be misleading.
Deaton’s current research areas are in health, well-being and economic development.
The economics Nobel was first established in 1968, and is the newest of the Nobel Prizes.