Angus Deaton facts for kids
Quick facts for kids
Sir Angus Deaton
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Deaton in 2015
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Angus Stewart Deaton
19 October 1945 Edinburgh, Scotland
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| Nationality | British, American |
| Education |
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| Alma mater | Fitzwilliam College, Cambridge |
| Spouse(s) | Anne Case |
| Awards |
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| Scientific career | |
| Fields | Microeconomics |
| Institutions | |
| Thesis | Models of Consumer Demand and Their Application to the United Kingdom (1975) |
| Doctoral advisor | Richard Stone |
| Academic career | |
| Information at IDEAS / RePEc | |
Sir Angus Stewart Deaton (born 19 October 1945) is a famous British-American economist. He is a professor at Princeton University.
Sir Angus Deaton studies important topics like poverty, how wealth is shared, health, and what makes people live good lives.
In 2015, he won the Nobel Memorial Prize in Economic Sciences. He received this award for his work on how people spend money, how to measure poverty, and how to improve people's well-being.
Contents
Biography
Angus Deaton was born in Edinburgh, Scotland. He went to Hawick High School and then Fettes College. He later studied at the University of Cambridge. There, he earned his bachelor's, master's, and Ph.D. degrees. His Ph.D. was about how people in the United Kingdom buy things.
In 1976, Deaton became a professor at the University of Bristol. During this time, he did a lot of his most important work. In 1978, he won the Frisch Medal. This award is given to important papers in economics.
In 1983, he moved to Princeton University in the United States. He is now a professor there, teaching about economics and international affairs. He has both British and American citizenship.
In 2015, Deaton won the Nobel Memorial Prize in Economic Sciences. He was very happy and said he cares about "the poor of the world and how people behave, and what gives them a good life." The Nobel committee said his research helped us understand how people make choices about spending. This understanding is key to designing policies that help reduce poverty.
Deaton also writes popular articles called "Letters from America." These are published in the Royal Economic Society Newsletter.
Recently, in 2024, Deaton shared that some of his ideas about economics have changed. He believes economists can learn a lot from philosophers, historians, and sociologists.
Scholarship
Almost Ideal Demand System
One of Deaton's first well-known works was the Almost Ideal Demand System (AIDS). He created it with John Muellbauer in 1980. This system helps economists understand how people decide what to buy. It shows how the demand for different goods changes based on prices and income.
This work was praised for helping to understand consumer choices. It was even listed as one of the top 20 most important articles in The American Economic Review in its first 100 years.
Health and Well-being in the 21st Century
In 2015, Angus Deaton and Anne Case published an important paper. They looked at health trends among middle-aged white Americans. They found that for some groups, especially those with less education, health was getting worse. This was different from other wealthy countries.
They noted that people reported more pain and difficulty with daily activities. This research suggested that economic challenges might be linked to these health issues.
They continued their research in 2017. They found that while health improved for educated white Americans, it continued to decline for those with less education. They also saw that current money didn't affect health as much as long-term economic struggles. These struggles can lead to problems like less stable families and overall poorer health.
Recognition and awards
- 1978—Won the Frisch Medal from the Econometric Society.
- 2007—Became president of the American Economic Association.
- 2011—Received the BBVA Foundation Frontiers of Knowledge Award. This was for his work on how people spend and save money, and how to measure economic well-being.
- 2014—Joined the American Philosophical Society.
- 2015—Became a member of the National Academy of Sciences.
- 2015—Awarded the Nobel Prize in Economic Sciences.
- 2016—Was made a Knight by the Queen. This was for his important research in economics.
Deaton is also a member of many important groups, like the British Academy. He has received honorary degrees from several universities around the world.
Personal life
Angus Deaton has two children. He is married to Anne Case, who is also an economics professor at Princeton University. They both enjoy going to the opera and fishing for trout.
Deaton has not said if he supports Scotland becoming independent. However, he has a strong connection to the Union between Scotland and England.
Images for kids
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Deaton in 2015
See also
In Spanish: Angus Deaton para niños
