Poverty expert Angus Deaton wins Nobel Economics Prize

US-British economist Angus Deaton attends a press conference after winning the Nobel Prize for Economics, at Princeton University on October 12, 2015Angus Deaton, a British-US professor at Princeton University, won the Nobel Economics Prize Monday for groundbreaking work on poverty and promptly warned that inequality is becoming a serious global threat. India, one of the fastest growing economies in the world, is a key area of his research. “His work has helped transform modern microeconomics, macroeconomics and development economics,” the Royal Swedish Academy of Sciences said.

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