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Princeton's Angus Deaton wins 2015 Nobel Prize in Economics

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In his 2013 book The Great Escape, Prof Deaton outlined how overall human welfare has risen so much over time.

Stockholm

ANGUS Deaton of Britain and the United States won the Nobel Economics Prize on Monday for his work on consumption, poverty and welfare, the jury said.

"By emphasising the links between individual consumption decisions and outcomes for the whole economy, his work has