PO BAG 1: economics

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13 October 2015

Princeton economist wins Nobel for work on poverty

A view of the screen showing an image of Professor Angus Deaton, winner of the 2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, as the Permanent Secretary for the Royal Swedish Academy of Sciences addresses a press conference to announce the winner of the prize, at the Royal Swedish Academy of Science, in Stockholm, Sweden, Monday, Oct. 12, 2015. Scottish economist Angus Deaton has won the Nobel memorial prize in economic sciences for "his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences said Monday.

Angus Deaton has dug into obscure data to explore a range of problems: The scope of poverty in India. How poor countries treat young girls. The link between income inequality and economic growth.

The Princeton University economist's research has raised doubts about sweeping solutions to poverty and about the effectiveness of aid programs. And on Monday, it earned him the Nobel prize in economics.