The Nobel Prize Committee has awarded the 2015 Nobel in Economic Sciences to Angus Deaton of Princeton University, "for his analysis of consumption, poverty, and welfare."

Deaton, 69, was born in 1945 in Edinburgh, Scotland. He holds both U.S. and British citizenship.  Reached by phone after the award was announced in Stockholm, Sweden. Monday morning, Deaton said, "I'm absolutely delighted" to win — and for someone who has focused on the world's poor to be recognized with the prestige of a Nobel.

Deaton has worked at Princeton since the early 1980s; his accomplishments include creating, along with John Muellbauer, the Almost Ideal Demand System in 1980, in which they opened a new door in researching consumer behavior.

The full name of the award is the Sveriges Riksbank Prize in Economic Sciences. Deaton won, the committee says, for asking three key questions: - Read More at NPR

Nobel Prize In Economics Is Awarded To Angus Deaton Of Princeton

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