Princeton University economics professor Angus Deaton was awarded the 2015 Nobel Prize in Economic Sciences "for his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences said Monday. Deaton, born in 1945 in Edinburgh, earned his Ph.D from the University of Cambridge, U.K., in 1974, and has been a professor of economics and international affairs at Princeton since 1983. "To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding," according to a statement from the Nobel committee.
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