Justice
The 2015 Nobel-Winning Economist Isn't Too Keen on Gated Communities
Princeton’s Angus Deaton argues that the isolated rich often ignore, and even exacerbate, economic inequality.
Princeton University economist Angus Deaton received this year’s Nobel Prize in Economics because his work elevates the understanding of individual and household consumption and is key to devising policies aimed at boosting economic growth and reducing poverty, the Royal Swedish Academy of Sciences, which gives out the award, said in a press release.
Deaton’s vast body of research spans topics from the inequality within and between countries to the intersection of poverty and health, and also includes reviews of household poverty surveys. Here’s University of Michigan economist Justin Wolfers, writing in The New York Times Upshot blog, on why Deaton deserved to win: