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Quote of the week: Angus Deaton

Sina Odugbemi's picture

Angus Deaton at a press conference at the Royal Swedish Academy of Sciences"Politics is a danger to good data; but without politics data are unlikely to be good, or at least not for long."

- Angus Deaton, a British-American economist. In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare. The Nobel Prize website writes, "To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics."

Quoted in The Financial Times print edition on November 3, 2015, "Statistical objectivity is a cloak spun from political yarn" by Angus Deaton
 

Photograph by  Holger Motzkau via  Wikimedia Commons
 

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