The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2015 was awarded to Angus Deaton "for his analysis of consumption, poverty, and welfare".
Here are the details:
* British economist Angus Deaton won the 2015 economics Nobel Prize for "his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences.
* "To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices," the award-giving body said on announcing the 8 million Swedish crown ($978,000) prize. "More than anyone else, Angus Deaton has enhanced this understanding."
* The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968.
* It was not part of the original group of awards set out in dynamite tycoon Nobel's 1895 will.