From the article: This year's Nobel Prize in economics has been awarded to Angus Deaton.
Deaton is a Princeton economist who has spent much of his career trying to improve the way we measure very important things — like what counts as poor and what the value of a dollar is in, say, India versus Manhattan.
Earlier this month, the World Bank announced that the rate of people living in extreme poverty worldwide will likely fall to below 10 percent this year for the first time in history. Nobel Prize winning economist Angus Deaton had something to say about that Monday in a press conference at Princeton celebrating his Nobel Prize.
"That's wonderful," Deaton said. "But there are still 700 million people who are poor."
Much of Deaton's work has focused on the lives of people in developing countries like India. Charles Kenny, a senior fellow at the Center for Global Development, sees a central question at the heart of Deaton's research.
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