If you’ve ever wondered about Angus Deaton net worth and the remarkable career behind it, you’re in the right place. At Pennbookcenter, we’re diving deep into the financial legacy of one of the most celebrated economists.
Angus Deaton, a Nobel laureate in economics, has not only contributed significantly to economic theory but also left a profound mark on understanding global poverty and inequality. Let’s uncover how his contributions reflect in his financial achievements.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Angus Stewart Deaton |
| Popular Name | Angus Deaton |
| Gender | Male |
| Birth Date | October 19, 1945 |
| Age | 78 |
| Parents | Lily Wood, Leslie Harold Deaton |
| Siblings | N/A |
| Birthplace | Edinburgh, United Kingdom |
| Nationality | British-American |
| Ethnicity | British-American |
| Education | University of Cambridge, Fettes College, Fitzwilliam College, Hawick High School |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Anne Case |
| Children | Rebecca Deaton, Adam Deaton |
| Dating | N/A |
| Net Worth | $5 million (estimated) |
| Source of Wealth | Economics, Academia, Writing |
| Height | N/A |
What is the Net Worth Of Angus Deaton in 2024?
As of 2024, Angus Deaton‘s net worth is estimated at $5 million. This puts him among other notable figures in academia and economics, such as:
- Anne Case
- P. Richard G. Layard
- Abhijit Banerjee
- Daniel Kahneman
Learn more about the richest authors and their impressive net worths.
Angus Deaton Salary and Finance Overview
Introduction to Angus Deaton and His Achievements
Angus Deaton is a renowned economist known for his significant contributions to the field of economics. His groundbreaking work in understanding consumption, poverty, and welfare has earned him numerous accolades, including the Nobel Prize in Economic Sciences in 2015.
Early Life and Education
Born in Edinburgh, Scotland, Deaton pursued his education at the prestigious University of Cambridge, where he earned his B.A., M.A., and Ph.D. in Economics. His early academic experiences laid the foundation for his illustrious career.
Academic Career and Key Positions
Deaton began his academic career as a Professor of Econometrics at the University of Bristol. In 1983, he joined Princeton University, where he served as the Dwight D. Eisenhower Professor of Economics and International Affairs.
He also holds a position at the University of Southern California as a Presidential Professor of Economics.
Major Contributions to Economics
Deaton’s work on the Almost Ideal Demand System (AIDS), developed with John Muellbauer, revolutionized the study of consumer demand. Additionally, his discovery of the Deaton Paradox, which addresses consumption behavior’s insensitivity to income shocks, has been influential in economic research.
Publications and Research Impact
Deaton has authored several key publications that have had a profound impact on economic thought and policy. His notable works include:
- Economics and Consumer Behavior
- Understanding Consumption
- The Great Escape
- Deaths of Despair (co-authored with Anne Case)
These publications have provided valuable insights into consumer behavior, economic well-being, and public health.
Awards and Recognitions
Deaton’s exceptional contributions to economics have earned him numerous awards, including the Nobel Prize in Economic Sciences, the Frisch Medal, and the BBVA Foundation Frontiers of Knowledge Award. His work continues to influence economic policy and research.
Personal Life and Financial Management
Deaton is married to Anne Case, a fellow economist. Together, they enjoy interests such as opera and trout fishing. His financial management includes income from academic positions, book royalties, and consultancy, contributing to his estimated net worth of $5 million.
FAQs About Angus Deaton
What are Deaton’s most significant achievements?
Deaton’s most significant achievements include receiving the Nobel Prize in Economic Sciences in 2015 and his development of the Almost Ideal Demand System.
What is the Almost Ideal Demand System?
The Almost Ideal Demand System (AIDS) is a consumer demand model developed by Angus Deaton and John Muellbauer, which provides a flexible and practical way to analyze consumer behavior.
What is the Deaton Paradox?
The Deaton Paradox refers to the phenomenon where consumption behavior does not fluctuate significantly with income shocks, highlighting the need for deeper analysis of consumer behavior.
What books has he authored?
He has authored several influential books, including Economics and Consumer Behavior, Understanding Consumption, The Great Escape, and Deaths of Despair.
What are Deaton’s research interests?
His research interests include poverty, inequality, health, wellbeing, and economic development.
How has Deaton contributed to economic thought?
Deaton’s contributions to economic thought include his development of the Almost Ideal Demand System and his work on the Deaton Paradox, which have both had a profound impact on the study of consumer behavior and economic welfare.
Where has Angus Deaton taught?
He has taught at the University of Bristol, Princeton University, and the University of Southern California.
Conclusion
Angus Deaton’s financial journey is a testament to his profound impact on the field of economics. For more insights and to share your thoughts, visit pennbookcenter.com.
