The Deaton paradox: Cover Image

Paradoks Deatona.
The Deaton paradox:

The 2015 Nobel Memorial Prize in economics

Author(s): Elżbieta Mączyńska
Subject(s): Economy
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: income inequality, poverty, GDP, Deaton paradox, Nobel Memorial Prize in Economics

Summary/Abstract: The aim of the paper is to present selected elements of the academic output of Angus Deaton, recipient of the 2015 Nobel Memorial Prize in Economic Sciences, which he was awarded for his “analysis of consumption, poverty, and welfare.” Deaton’s comprehensive studies into this subject, involving data on over 140 countries, have led to many fi ndings relevant both to economic theory and practice, and disputing some arguments advanced by mainstream economists. Indeed, the Deaton paradox calls into question Friedman’s permanent income hypothesis. Thus, Deaton’s studies may be useful in solving problems related to poverty and income inequality.

  • Issue Year: 2015
  • Issue No: 2
  • Page Range: 247-258
  • Page Count: 12
  • Language: Polish
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