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Angus Deaton wins Nobel Prize in economics

An 18-carat gold Nobel Peace Prize medal, awarded in 1921 to Norway's Christian L. Lange, is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave U.S. President Barack Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren (NORWAY POLITICS SOCIETY)
An 18-carat gold Nobel Peace Prize medal, awarded in 1921 to Norway's Christian L. Lange, is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave U.S. President Barack Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren (NORWAY POLITICS SOCIETY)

Stockholm, Oct 12 : The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 has been awarded to Angus Deaton by the Royal Swedish Academy of Sciences.

The prize has been awarded to Deaton “for his analysis of consumption, poverty, and welfare”. (ANI)