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Angus Deaton’s Nobel Prize for Confronting Theory with Facts

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  • Markus P. A. Schneider

Abstract

Angus Deaton, recipient of the 2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is broadly recognized as an outstanding applied economist who is well deserving of the prize. He has made a myriad of important contributions—alone and with renowned co-authors—across many fields. In this review of his work, I argue that it is his methodological consistency and focus on the two-way connection between empirics and theory, together with his attention to detail of how things are measured, that support his recognition by his peers. Informed by a career of doing careful econometric work using household surveys—especially on consumption, development, well-being and health—in his popular writing, Deaton chooses to focus on the importance of institutions, history and other disciplines.

Suggested Citation

  • Markus P. A. Schneider, 2016. "Angus Deaton’s Nobel Prize for Confronting Theory with Facts," Review of Political Economy, Taylor & Francis Journals, vol. 28(4), pages 467-487, October.
  • Handle: RePEc:taf:revpoe:v:28:y:2016:i:4:p:467-487
    DOI: 10.1080/09538259.2016.1231865
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    References listed on IDEAS

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    1. Franco Modigliani, 2005. "The Collected Papers of Franco Modigliani, Volume 6," MIT Press Books, The MIT Press, edition 1, volume 6, number 0262134543, September.
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