Angus Deaton Wins Nobel Prize 2015 in Economic Sciences (VIDEO)

© REUTERS / Maja Suslin/TT News AgencyA picture of British economist Angus Deaton, winner of the 2015 economics Nobel Prize, is seen on a screen as Goran K. Hansson (C), permanent secretary for the Royal Swedish Academy of Sciences, and Tore Ellingsen (L), chairman of the prize committee, and Jakob Svensson, member of the Academy, address a news conference at the Royal Swedish Academy of Science, in Stockholm, Sweden October 12, 2015
A picture of British economist Angus Deaton, winner of the 2015 economics Nobel Prize, is seen on a screen as Goran K. Hansson (C), permanent secretary for the Royal Swedish Academy of Sciences, and Tore Ellingsen (L), chairman of the prize committee, and Jakob Svensson, member of the Academy, address a news conference at the Royal Swedish Academy of Science, in Stockholm, Sweden October 12, 2015 - Sputnik International
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Göran K. Hansson, Permanent Secretary of the Royal Swedish Academy of Sciences, announced the Nobel Prize in Economics Sciences in Stockholm today.

Angus Deaton of Princeton University was on Monday awarded the 2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Deaton, who holds dual US and UK citizenship, was awarded the prize "for his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences said.

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