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Princeton University's Deaton Wins 2015 Nobel Prize in Economics

  • Scottish-born professor called Obi-Wan Kenobi of economics
  • Nobel winner sees futher progress in reducing global poverty
Professor Angus Deaton

Professor Angus Deaton

Photographer: HAMILTON/REA via Redux
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Angus Deaton of Princeton University was awarded the 2015 Nobel Prize in Economics for his detailed analysis and measurement of consumer spending and global poverty.

"To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices," the Royal Swedish Academy of Sciences said on Monday, in announcing the award. "More than anyone else, Angus Deaton has enhanced this understanding."