The Royal Swedish Academy of Sciences motivated the choice as follows: “to design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics.”

Prof. Deaton is a member of the Advisory Board of the HHB project. The HHB community is loudly applauding.