Angus Deaton on winning the Nobel economics prize

Global Business

His work on reducing income inequality won him this year’s Nobel Prize in economics. Deaton wanted to look at the effect of taxation on poverty.

His approach, though, was a bit different – looking at how taxation, not income, influences consumption.
“I worry about a world in which the rich get to write the rules” Angus Deaton said.

His research was all to get a better understanding about living standards in developing countries. CCTV America interviewed Angus Deaton after he found out he’d won the Nobel prize for economics.

Angus Deaton on winning the Nobel economics prize

Angus Deaton on winning the Nobel economics prize

His work on reducing income inequality won him this year's Nobel Prize in economics. Deaton wanted to look at the effect of taxation on poverty. His approach, though, was a bit different - looking at how taxation, not income, influences consumption. "I worry about a world in which the rich get to write the rules" Angus Deaton said. His research was all to get a better understanding about living standards in developing countries. CCTV America interviewed Angus Deaton after he found out he'd won the Nobel prize for economics.