27850
Scottish Economist Angus Deaton Wins Nobel Economics Prize
World Economy

Scottish Economist Angus Deaton Wins Nobel Economics Prize

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, Associated Press reported.
Deaton, who was born in Edinburgh in 1945, now works at Princeton University in the United States. He holds both US and British citizenship.
The academy said the work for which Deaton is now being honored revolves around three central questions: How do consumers distribute their spending among different goods; how much of society’s income is spent and how much is saved; and how do we best measure and analyze welfare and poverty?
In a press conference following the announcement, Deaton described himself as “someone who’s concerned with the poor of the world and how people behave, and what gives them a good life.”
Last year, French economist Jean Tirole won the 8 million Swedish kronor (about $975,000) award for his research on market power and regulation.
The economics award is not a Nobel Prize in the same sense as the others, which were created by Swedish industrialist Alfred Nobel in 1895.
Sweden’s central bank added the economics prize in 1968 as a memorial to Nobel.
The announcement concludes this year’s presentations of Nobel winners.
The medicine prize went to three scientists from Japan, the US and China who discovered drugs to fight malaria and other tropical diseases. Japanese and Canadian scientists won the physics prize for discovering that tiny particles called neutrinos have mass and scientists from Sweden, the US and Turkey won the chemistry prize for their research into the way cells repair damaged DNA.
Belarusian investigative journalist Svetlana Alexievich won the literature award while the peace prize went to The National Dialogue Quartet in Tunisia for its contribution to building democracy in Tunisia following the 2011 Jasmine Revolution.
The awards will be handed out on Dec. 10, the anniversary of prize founder Alfred Nobel’s death in 1896, at lavish ceremonies in Stockholm and Oslo.
 

 

Short URL : https://goo.gl/oM7cQr
  1. https://goo.gl/LG1tj8
  • https://goo.gl/E1G6RK
  • https://goo.gl/PQPh78
  • https://goo.gl/fHfQUH
  • https://goo.gl/4uNU18

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...

Trending

Googleplus