STOCKHOLM, Oct. 12 (Xinhua) -- The 2015 Nobel Prize in Economics, or officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded to economist Angus Deaton "for his analysis of consumption, poverty, and welfare", announced the Royal Swedish Academy of Sciences here on Monday.
"More than anyone else, Angus Deaton has enhanced the understanding of individual consumption choices," which is crucial to design economic policy that promotes welfare and reduces poverty, according to the official statement.
By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics,macroeconomics, and development economics, the statement added.
Answering questions at the press conference after the announcement, Deaton said he was "surprised and delighted" to win the prize.
Related:
Hollande calls for further support to Tunisia after Nobel Peace Prize
PARIS, Oct. 9 (Xinhua) -- Congratulating Tunisians Nobel Prize winners, French President Francois Hollande on Friday called on international community to further support political transition in the north African country and provide it with needed financial aid to uproot terrorism.
Tunisian National Dialogue Quartet's winning of the Nobel Peace Prize "confirms the success of the democratic transition in Tunisia and is also an encouragement for further support to Tunisia in the challenges which it is facing," Hollande said. Full story
First Chinese Nobel prize in science boosts morale
BEIJING, Oct. 8 (Xinhua) -- Chinese scientist Tu Youyou's Nobel Prize in medicine has not only ignited an intense sense of national pride, but boosted morale among scientists across the nation.
At a symposium held by China Association for Science and Technology Thursday, dozens of scientists congratulated Tu and shared their opinions about Chinese science. Full story
