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Nobel Prize in Economics goes to an Optimist Prof. Agnue Deaton of Princeton

Goeran K Hansson, Permanent Secretary of the Royal Swedish Academy of Sciences (C) announces Angus Deaton of Britain as the winner of the 2015 Nobel Economics Prize next to members of the prize committee Tore Ellingsen (L) and Jakob Svensson on October 12, 2015 in Stockholm. The economics prize is the only Nobel not originally included in Alfred Nobel's last will and testament. It was established in 1968 by the Swedish central bank to celebrate its tricentenary. AFP PHOTO / JONATHAN NACKSTRAND        (Photo credit should read JONATHAN NACKSTRAND/AFP/Getty Images)

13 OCt 2015

Angus Deaton a British Microeconomist and Prof at Princeton University won the 2015 Economics Nobel Prize for the Royal Swedish Academy of Sciences declared. Deaton received the honour for his three major contributions, first, being developing a tool to model the ways in which consumers spend their money in 80’s, second, for the research he did on consumption and countered the existing consumption theories by revealing the faults of aggregate data and last but not the least his instigating work on use of household surveys to collect more individualized and accurate data.  Prof Deaton is an optimist whose belief is that world is a much better place now than it has ever been.

 

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