The Swedish Academy of Sciences awarded today Nobel Prize in Economics 2015 Scottish Angus Deaton "for his analysis of consumption, poverty and welfare."
the work of Deaton of Princeton University (USA), was key to establishing public policies in some countries because it deals to explain individual economic decisions, especially how they spend their income people- and how companies measure and analyze the welfare and poverty.
the Economy was the last Nobel to be announced this year, following those of Medicine, Physics, Chemistry, Literature and Peace, awarded last week.
with the exception of Economy, all were created by Swedish industrialist Alfred Nobel, the inventor of dynamite.
the Economics was awarded the Bank of Sweden in Economic Sciences officially called in Memory of Alfred Nobel, was established by the Swedish central bank and first awarded in 1969.
the award is endowed this year with eight million Swedish kronor (about $ 956,000), like the rest of the Nobel prizes.
last year the winner was the French economist Jean Tirole for his analysis of market power and regulation monopolies.
the vast majority have earned US economists and only got it a woman, Elinor Ostrom (also US).
the awards will be presented on the anniversary of Nobel's death on 10 December.
Deaton was born on October 19, 1945 in Edinburgh and educated at Fettes University, among other institutions of higher education.
Source: Telam