Angus Deaton

Angus Deaton

Name	Angus Deaton
Birth name
Birth date	Birth date -1st March 1966
Birth place	Edinburgh, Scotland
Death date
Death place
Alma mater	University of Cambridge
Occupation
Years active
Organization
Known for	Microeconomics, Development economics, Health economics
Notable works
Spouse(s)
Website

Sir Angus Stewart Deaton (born 19 October 1945) is a British-American economist and academic. He is a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. Deaton is best known for his work in microeconomics, development economics, and health economics.

Early Life and Education

Angus Deaton was born in Edinburgh, Scotland. He attended Fettes College and then went on to study at the University of Cambridge, where he earned his bachelor's degree, master's degree, and Ph.D. in economics. His doctoral thesis was titled "Models of Consumer Demand and Their Application to the United Kingdom."

Academic Career

Deaton began his academic career at the University of Bristol as a lecturer in economics. In 1983, he joined the faculty at Princeton University, where he has spent the majority of his career. His research has focused on the analysis of consumption, poverty, and welfare, and he has made significant contributions to the understanding of how individuals, especially in developing countries, make economic decisions.

Contributions to Economics

Deaton's work has been influential in several areas of economics:

Microeconomics

Deaton has developed models of consumer behavior that have improved the understanding of how individuals allocate their resources. His work on the Almost Ideal Demand System (AIDS) is particularly notable for its application in empirical studies of consumer demand.

Development Economics

In development economics, Deaton has studied the relationship between income and health, and how economic policies affect poverty and inequality. His research has highlighted the importance of reliable data in assessing the impact of economic policies on the poor.

Health Economics

Deaton has also explored the links between economic conditions and health outcomes. His work has shown how economic growth can lead to improvements in health, but also how inequality can have negative effects on health.

Nobel Prize

In 2015, Angus Deaton was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare. The Nobel Committee recognized his work for improving the understanding of how consumption patterns are related to income and how economic policies can be designed to reduce poverty.

Personal Life

Deaton became a naturalized citizen of the United States in 2012. He is married to Anne Case, who is also an economist and a professor at Princeton University.

Also see

• Microeconomics
• Development economics
• Health economics
• Nobel Memorial Prize in Economic Sciences
• Princeton University