FamousPeopleFacts - Angus Deaton
Angus Deaton - famouspeoplefacts.com

Angus Deaton

Date of Birth: October 19, 1945

Zodiac Sign: Libra

Biography

Sir Angus Stewart Deaton, born in Edinburgh, Scotland, is a renowned British-American economist known for his work on consumption, poverty, and welfare. Deaton was born on October 19, 1945. He earned his undergraduate and graduate degrees from Fitzwilliam College, Cambridge, and completed his Ph.D. at the University of Cambridge. Deaton’s career has been marked by significant contributions to economic theory and empirical research. He has held academic positions at prestigious institutions, including the University of Bristol and Princeton University, where he served as the Dwight D. Eisenhower Professor of International Affairs and Professor of Economics and International Affairs. Deaton’s work has profoundly influenced the understanding of how individual choices impact macroeconomic outcomes. His research has been instrumental in the fields of microeconomics, development economics, and econometrics. In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare. Deaton has published numerous influential papers and books, including “The Great Escape: Health, Wealth, and the Origins of Inequality,” which explores the historical evolution of health and income inequality. He has also worked extensively on issues related to health, well-being, and economic development.

5 Interesting Facts about Angus Deaton

1. Angus Deaton was knighted in 2016 for his services to research in economics and international affairs.

2. He holds dual citizenship in the United Kingdom and the United States.

3. Deaton’s influential book “The Great Escape” examines the progress humanity has made and the challenges that still remain.

4. He has been a vocal critic of foreign aid, arguing that it can often do more harm than good in developing countries.

5. In 2015, Deaton was ranked as one of the top 100 most influential economists in the world by several academic and professional bodies.

5 Most Interesting Quotes from Angus Deaton

1. “Life satisfaction in rich countries is not very different from that in poor countries, at least when you compare them at the same level of income.”

2. “The poor are often invisible to the institutions of the state, and their voices are rarely heard.”

3. “Economic growth does not always lead to improvements in health and well-being.”

4. “Consumption is the ultimate end of economic activity, and the economic well-being of individuals is largely determined by their consumption levels.”

5. “Aid can be a sticking plaster that masks the real problems.”

Highest Net Worth Achieved

As of the last available data, Angus Deaton’s highest net worth is estimated to be around $2 million, primarily derived from his academic positions, publications, and consulting work.

Children

Angus Deaton has two children, a daughter named Rebecca Deaton and a son named Adam Deaton.

Relevant Links

1. [Angus Deaton – Nobel Prize](https://www.nobelprize.org/prizes/economic-sciences/2015/deaton/

2. [Princeton University Faculty Page](https://scholar.princeton.edu/deaton/home

3. [The Great Escape – Book](https://press.princeton.edu/books/paperback/9780691165622/the-great-escape

4. [Angus Deaton – Google Scholar](https://scholar.google.com/citations?user=9LOoADkAAAAJ

5. [Angus Deaton – Research Papers](https://www.nber.org/people/angus_deaton

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