Angus Deaton wins Nobel Prize in economics

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Angus Deaton, a British microeconomist and Princeton professor, has won the Nobel Prize in economics “for his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences announced on Monday. Deaton is best known for his work on the choices that individual consumers make. "By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics," the Academy said.

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Jeva Lange
Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.