2015 Nobel Prize in Economics Sciences winner Angus Deaton's works on India which provoked discussions on the most accurate way to measure poverty in India.
British economist Angus Deaton won the 2015 Nobel Prize in Economics Sciences for "his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences said on Monday.
His work has helped governments to improve policy through tools such as household surveys and tax changes.
Among his achievements listed on the Nobel Prize website: The system for estimating the demand for different goods that he and John Muellbauer developed around 1980; the studies of the link between consumption and income that he conducted around 1990; and the work he has carried out in later decades on measuring living standards and poverty in developing countries with the help of household surveys.
Image Source: www.nobelprize.org
Here are some of the important works by Deaton's on India which has provoked discussions on the most accurate way to measure poverty in India.
Deaton's 2002 paper, Poverty And Inequality In India, published along with economist Jean Dreze of the Ranchi University argued that it was due to the liberalisation of the Indian economy in the 90s that was the cause for failing to significantly improve India's nutrition measure. The paper also revealed, while the number of people living in poverty was high, it was not as height as official estimates. The paper was published in the Economic And Political Weekly.
In Data and Dogma: The Great Indian Poverty Debate, a seminal review published by Deaton and Valerie Kozel, they analysed the fierce debate politically and statistically about the high number of people living in poverty. You can read the entire review here.
In Deaton's paper, Stunting among Children, he argued it was because of poor nutrition, that the heights of Indian children were below the world average and not a result of "genetic programming," as suggested by Arvind Panagariya, of the Columbia University and now chairman of the Niti Aayog.
Read: 7 things you need to know about Nobel Prize for the Economic Sciences
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