A Scottish economist and son of a Yorkshire miner has been awarded the 2015 Nobel Prize in economics for his pioneering work measuring poverty around the world.
Angus Deaton, 69, became the 47th recipient of the Nobel, which was announced by Royal Swedish Academy of Sciences in Stockholm today.
A professor at Princeton University, Mr Deaton will receive a cash prize of 8m Swedish kronor (£635,000).
He received the accolade for three decades of research analysing welfare in the developing world and the relationship between income and spending.
"Mr Deaton's work has helped transform the fields of microeconomics, macroeconomics & development economics" said the Royal Swedish Academy.
The decision to award the prize to an economist whose work has influenced public policy on aid and poverty, was widely praised.
US economist Tyler Cowen said Mr Deaton was "a brilliant, excellent selection". He described him as an "economist who looks more closely at what poor households consume to get a better sense of their living standards and possible paths for economic development.
Source: Video: Angus Deaton wins 2015 Nobel Prize in Economics - Telegraph
20 more years posting tulipe on CUK and I should get mine...
"Mr AtW's work has helped transform the fields of microeconomics, macroeconomics & development economics" will say the Royal Swedish Academy.
Might celebrate it tomorrow with some Angus Beef from Burger King...
Angus Deaton, 69, became the 47th recipient of the Nobel, which was announced by Royal Swedish Academy of Sciences in Stockholm today.
A professor at Princeton University, Mr Deaton will receive a cash prize of 8m Swedish kronor (£635,000).
He received the accolade for three decades of research analysing welfare in the developing world and the relationship between income and spending.
"Mr Deaton's work has helped transform the fields of microeconomics, macroeconomics & development economics" said the Royal Swedish Academy.
The decision to award the prize to an economist whose work has influenced public policy on aid and poverty, was widely praised.
US economist Tyler Cowen said Mr Deaton was "a brilliant, excellent selection". He described him as an "economist who looks more closely at what poor households consume to get a better sense of their living standards and possible paths for economic development.
Source: Video: Angus Deaton wins 2015 Nobel Prize in Economics - Telegraph
20 more years posting tulipe on CUK and I should get mine...
"Mr AtW's work has helped transform the fields of microeconomics, macroeconomics & development economics" will say the Royal Swedish Academy.
Might celebrate it tomorrow with some Angus Beef from Burger King...
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