Angus Deaton is Dwight D. Eisenhower Professor of Economics and International Affairs at Princeton University where he has taught for thirty years. He is the author of five books including, most recently, The Great Escape: health, wealth, and the origins of inequality. His interests include health, development, poverty, inequality, and wellbeing. He has consulted for the World Bank, on poverty measurement and on international comparisons, and for the Gallup Organization, exploring global and national links between life evaluation, hedonic wellbeing, income and health. He was the first recipient of the Econometric Society’s Frisch Medal, and was Editor of Econometrica in the 1980s. He is a Fellow of the British Academy and of the Royal Society of Edinburgh, and was President of the American Economic Association in 2009. He holds honorary degrees from the Universities of Rome, London, St Andrews, Edinburgh, and Cyprus. In 2012, he won the BBVA Foundation Frontiers of Knowledge Award in recognition of his life’s work.
Squaring the poverty circle
30 Jul 2014
An expert group headed by C Rangarajan has recommended a poverty measurement methodology for India. In this article, Deaton and Drèze argue that the method proposed by the expert group to set poverty lines is both theoretically and empirically implausible. A simple and transparent benchmark, amenable to democratic debate, would be more useful.
read on »