Deaton wins 2015 Nobel Memorial Prize in Economic Sciences [ Current Affairs ]
About his winning: The prestigious 2015 Nobel Memorial Prize in Economic Sciences is won by micro economist Angus Deaton. He was selected for his analysis of consumption, poverty, and welfare by Royal Swedish Academy of Sciences.
- His research work has linked thorough individual choices and collective outcomes which in turn have helped to change the fields of macroeconomics, microeconomics and development economics.
- On the anniversary of prize founder Alfred Nobel’s death, all Nobel laureates will receive the prize on December 10, 2015.
About Angus Deaton:
- He was born on 19 October 1945 in Edinburgh, Scotland.
- He holds citizenship of both United States and United Kingdom.
- He is educated as a basis scholar at Fettes College and had earned his B. A. , M. A. and D. Phil. degrees from the University Of Cambridge, UK.
- He is professor of Economics and International Affairs at Princeton University
About Nobel Memorial Prize:
- It is an award for outstanding contributions to the field of economics.
- It is regarded as the most prestigious award for that field.
- The Prize in Economics is not one of the original Nobel Prizes produced by Alfred Nobel’s will. Though the nomination process, selection criteria, and awards exhibition of the Prize in Economic Sciences are performed in a manner similar to that of the Nobel Prizes.
- Published on: October 13, 2015