Who consumes what and is it enough: economy and poverty. Prize in Economic Sciences in Memory of Alfred Nobel for Angus Deaton (2015) Cover Image

Kto co konsumuje i czy wystarczająco dużo: gospodarka i bieda, czyli Nagroda imienia Nobla z dziedziny ekonomii dla Angusa Deatona (2015)
Who consumes what and is it enough: economy and poverty. Prize in Economic Sciences in Memory of Alfred Nobel for Angus Deaton (2015)

Author(s): Katarzyna Ostasiewicz
Subject(s): Economy, National Economy, Supranational / Global Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: Deaton; AIDS; consumption; poverty

Summary/Abstract: In 2015 the Prize in Economic Sciences in Memory of Alfred Nobel was won by Angus Deaton. He was awarded for his analysis of consumption, poverty, and welfare. In this paper we have presented the model of consumption co-authored by Deaton (AID model) in the context of postulated rationality of consumers. Also, Deaton’s research over long-run consumption, global poverty and connected phenomena was shortly discussed. Deaton’s merits in moving the spotlight from aggregated data to individual data was stressed. Additionally, the paper presents some biographical information.

  • Issue Year: 20/2016
  • Issue No: 14
  • Page Range: 89-110
  • Page Count: 22
  • Language: Polish