A Nobel for a Real-World Economist

Angus Deaton's findings are grounded in data, not ephemeral theories.

And the winner is...

Photographer: Jonathan nackstrand/afp/getty images

For two years, I had great success -- some might even call it luck -- at predicting the recipients of the Nobel Memorial Prize in Economic Sciences. Well, my run is over. I failed to foresee that the prize would be given to Angus Deaton,  a British-American economist working at Princeton. But despite the ruination of my record as a prognosticator, I am happy, because Deaton is a great choice for the prize. 

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