DEATON NOBEL OF ECONOMY: “You have to understand what makes people tick.”

Angus Deaton, a British-American economist, has been awarded the Nobel Prize for Economics in 2015 “for his research on consumption, poverty and development”. Studies that, says the announcement of the Committee Nobel, allow to “develop policies that enhance the well-being and reduce poverty “. Deaton, 69, teaches at the University of Princeton in the United States. In his latest book, “The great escape”, he criticizes also the official methodologies of calculation of poverty, which, he claims, prevent from seeing how many groups have not received benefits from the growth of the GDP of the respective countries.  The  economist therefore proposes a different approach to the issue, not based on a standard line to below which one can speak of poverty, but on the identification of specific groups in the population, which are analyzed separately. As well as on strictly economic issues, the newly awarded Deaton has also expressed himself on the current situation of migrants trying to reach Europe. “What we see now – he explained – is the result of hundreds of years of unequal development in the rich world, that has left much of the world behind.”