Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Nobel Prize for Economics Reflects Issues on UN Development Agenda -Thalif Deen    </title>
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UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.





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UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.





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                            <div style="text-align: justify">-IPSNews.net</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>UNITED NATIONS: </em>When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Deaton&rsquo;s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household incomes, gender empowerment and social security.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Asked for his comments, U.N. Deputy Spokesperson Farhan Haq told IPS the Secretary-General &ldquo;appreciates the work that Mr. Deaton has done on poverty&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Our Department of Economic and Social Affairs (DESA) has drawn attention to some of his work, including his lecture on poverty that you might find interesting,&rdquo; he said. https://www.youtube.com/watch?v=t-Ax2sKhDrY</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the Academy, Deaton has enhanced the understanding of some of these issues more than anyone else.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Deaton&rsquo;s focus on household surveys &ldquo;has helped transform development economics from a theoretical field based on aggregate data to an empirical field based on detailed individual data&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the London Guardian, Deaton&rsquo;s work complements studies by Thomas Piketty and Sir Tony Atkinson, focusing primarily on wealth and income inequality, and examining patterns of consumer spending to illustrate growing inequality in health and wellbeing.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He is perhaps best known for the Deaton Paradox &ndash; &ldquo;sharp shocks to income do not appear to cause equally large shocks to consumption.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Guardian said that in his most recent book, The Great Escape: Health, Wealth and the Origins of Inequality, Deaton argues that analysis of economic data shows that while most people in the world have gained in terms of health and wellbeing from higher national incomes, there are many groups that have missed out.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The newspaper also said Deaton, in his latest research, &ldquo;focuses on the determinants of health in rich and poor countries as well as on the measurement of poverty in India and around the world&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Jean Dreze, an economist who has worked with Deaton, was quoted as saying: &ldquo;Angus Deaton is not only a brilliant economist but also a formidable scholar and a great writer. He has shown how intelligent use of survey data can illuminate momentous issues of human welfare and contribute to public reasoning.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In awarding the prize to Deaton, the Academy analysed some of his theories, as follows:</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>&ldquo;How do consumers distribute their spending among different goods?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Answering this question is not only necessary for explaining and forecasting actual consumption patterns, but also crucial in evaluating how policy reforms, like changes in consumption taxes, affect the welfare of different groups.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his early work around 1980, Deaton developed the Almost Ideal Demand System &ndash; a flexible, yet simple, way of estimating how the demand for each good depends on the prices of all goods and on individual incomes. His approach and its later modifications are now standard tools, both in academia and in practical policy evaluation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How much of society&rsquo;s income is spent and how much is saved?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">To explain capital formation and the magnitudes of business cycles, it is necessary to understand the interplay between income and consumption over time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a few papers around 1990, Deaton showed that the prevailing consumption theory could not explain the actual relationships if the starting point was aggregate income and consumption. Instead, one should sum up how individuals adapt their own consumption to their individual income, which fluctuates in a very different way to aggregate income.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This research clearly demonstrated why the analysis of individual data is key to untangling the patterns seen in aggregate data, an approach that has since become widely adopted in modern macroeconomics.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How do we best measure and analyze welfare and poverty?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his more recent research, Deaton highlights how reliable measures of individual household consumption levels can be used to discern mechanisms behind economic development. His research has uncovered important pitfalls when comparing the extent of poverty across time and place.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also exemplified how the clever use of household data may shed light on such issues as the relationships between income and calorie intake, and the extent of gender discrimination within the family.&rdquo;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/" class="re" target="_blank">IPSNews.net, 13 October, 2015, http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Nobel Prize for Economics Reflects Issues on UN Development Agenda -Thalif Deen</h1>
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                            <div style="text-align: justify">-IPSNews.net</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>UNITED NATIONS: </em>When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Deaton&rsquo;s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household incomes, gender empowerment and social security.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Asked for his comments, U.N. Deputy Spokesperson Farhan Haq told IPS the Secretary-General &ldquo;appreciates the work that Mr. Deaton has done on poverty&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Our Department of Economic and Social Affairs (DESA) has drawn attention to some of his work, including his lecture on poverty that you might find interesting,&rdquo; he said. https://www.youtube.com/watch?v=t-Ax2sKhDrY</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the Academy, Deaton has enhanced the understanding of some of these issues more than anyone else.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Deaton&rsquo;s focus on household surveys &ldquo;has helped transform development economics from a theoretical field based on aggregate data to an empirical field based on detailed individual data&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the London Guardian, Deaton&rsquo;s work complements studies by Thomas Piketty and Sir Tony Atkinson, focusing primarily on wealth and income inequality, and examining patterns of consumer spending to illustrate growing inequality in health and wellbeing.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He is perhaps best known for the Deaton Paradox &ndash; &ldquo;sharp shocks to income do not appear to cause equally large shocks to consumption.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Guardian said that in his most recent book, The Great Escape: Health, Wealth and the Origins of Inequality, Deaton argues that analysis of economic data shows that while most people in the world have gained in terms of health and wellbeing from higher national incomes, there are many groups that have missed out.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The newspaper also said Deaton, in his latest research, &ldquo;focuses on the determinants of health in rich and poor countries as well as on the measurement of poverty in India and around the world&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Jean Dreze, an economist who has worked with Deaton, was quoted as saying: &ldquo;Angus Deaton is not only a brilliant economist but also a formidable scholar and a great writer. He has shown how intelligent use of survey data can illuminate momentous issues of human welfare and contribute to public reasoning.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In awarding the prize to Deaton, the Academy analysed some of his theories, as follows:</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>&ldquo;How do consumers distribute their spending among different goods?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Answering this question is not only necessary for explaining and forecasting actual consumption patterns, but also crucial in evaluating how policy reforms, like changes in consumption taxes, affect the welfare of different groups.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his early work around 1980, Deaton developed the Almost Ideal Demand System &ndash; a flexible, yet simple, way of estimating how the demand for each good depends on the prices of all goods and on individual incomes. His approach and its later modifications are now standard tools, both in academia and in practical policy evaluation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How much of society&rsquo;s income is spent and how much is saved?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">To explain capital formation and the magnitudes of business cycles, it is necessary to understand the interplay between income and consumption over time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a few papers around 1990, Deaton showed that the prevailing consumption theory could not explain the actual relationships if the starting point was aggregate income and consumption. Instead, one should sum up how individuals adapt their own consumption to their individual income, which fluctuates in a very different way to aggregate income.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This research clearly demonstrated why the analysis of individual data is key to untangling the patterns seen in aggregate data, an approach that has since become widely adopted in modern macroeconomics.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How do we best measure and analyze welfare and poverty?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his more recent research, Deaton highlights how reliable measures of individual household consumption levels can be used to discern mechanisms behind economic development. His research has uncovered important pitfalls when comparing the extent of poverty across time and place.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also exemplified how the clever use of household data may shed light on such issues as the relationships between income and calorie intake, and the extent of gender discrimination within the family.&rdquo;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/" class="re" target="_blank">IPSNews.net, 13 October, 2015, http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/</a><div class="clear"></div>
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UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.





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UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.





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    <h1 class="cat-box-title">Nobel Prize for Economics Reflects Issues on UN Development Agenda -Thalif Deen</h1>
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                            <div style="text-align: justify">-IPSNews.net</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>UNITED NATIONS: </em>When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Deaton&rsquo;s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household incomes, gender empowerment and social security.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Asked for his comments, U.N. Deputy Spokesperson Farhan Haq told IPS the Secretary-General &ldquo;appreciates the work that Mr. Deaton has done on poverty&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Our Department of Economic and Social Affairs (DESA) has drawn attention to some of his work, including his lecture on poverty that you might find interesting,&rdquo; he said. https://www.youtube.com/watch?v=t-Ax2sKhDrY</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the Academy, Deaton has enhanced the understanding of some of these issues more than anyone else.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Deaton&rsquo;s focus on household surveys &ldquo;has helped transform development economics from a theoretical field based on aggregate data to an empirical field based on detailed individual data&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the London Guardian, Deaton&rsquo;s work complements studies by Thomas Piketty and Sir Tony Atkinson, focusing primarily on wealth and income inequality, and examining patterns of consumer spending to illustrate growing inequality in health and wellbeing.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He is perhaps best known for the Deaton Paradox &ndash; &ldquo;sharp shocks to income do not appear to cause equally large shocks to consumption.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Guardian said that in his most recent book, The Great Escape: Health, Wealth and the Origins of Inequality, Deaton argues that analysis of economic data shows that while most people in the world have gained in terms of health and wellbeing from higher national incomes, there are many groups that have missed out.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The newspaper also said Deaton, in his latest research, &ldquo;focuses on the determinants of health in rich and poor countries as well as on the measurement of poverty in India and around the world&rdquo;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Jean Dreze, an economist who has worked with Deaton, was quoted as saying: &ldquo;Angus Deaton is not only a brilliant economist but also a formidable scholar and a great writer. He has shown how intelligent use of survey data can illuminate momentous issues of human welfare and contribute to public reasoning.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In awarding the prize to Deaton, the Academy analysed some of his theories, as follows:</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>&ldquo;How do consumers distribute their spending among different goods?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Answering this question is not only necessary for explaining and forecasting actual consumption patterns, but also crucial in evaluating how policy reforms, like changes in consumption taxes, affect the welfare of different groups.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his early work around 1980, Deaton developed the Almost Ideal Demand System &ndash; a flexible, yet simple, way of estimating how the demand for each good depends on the prices of all goods and on individual incomes. His approach and its later modifications are now standard tools, both in academia and in practical policy evaluation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How much of society&rsquo;s income is spent and how much is saved?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">To explain capital formation and the magnitudes of business cycles, it is necessary to understand the interplay between income and consumption over time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a few papers around 1990, Deaton showed that the prevailing consumption theory could not explain the actual relationships if the starting point was aggregate income and consumption. Instead, one should sum up how individuals adapt their own consumption to their individual income, which fluctuates in a very different way to aggregate income.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This research clearly demonstrated why the analysis of individual data is key to untangling the patterns seen in aggregate data, an approach that has since become widely adopted in modern macroeconomics.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>How do we best measure and analyze welfare and poverty?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his more recent research, Deaton highlights how reliable measures of individual household consumption levels can be used to discern mechanisms behind economic development. His research has uncovered important pitfalls when comparing the extent of poverty across time and place.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also exemplified how the clever use of household data may shed light on such issues as the relationships between income and calorie intake, and the extent of gender discrimination within the family.&rdquo;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/" class="re" target="_blank">IPSNews.net, 13 October, 2015, http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/</a><div class="clear"></div>
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Nobel Prize for Economics Reflects Issues on UN Development Agenda -Thalif Deen

Published on Oct 17, 2015   Modified on Oct 17, 2015

-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household incomes, gender empowerment and social security. Asked for his comments, U.N. Deputy Spokesperson Farhan Haq told IPS the Secretary-General “appreciates the work that Mr. Deaton has done on poverty”. “Our Department of Economic and Social Affairs (DESA) has drawn attention to some of his work, including his lecture on poverty that you might find interesting,” he said. https://www.youtube.com/watch?v=t-Ax2sKhDrY According to the Academy, Deaton has enhanced the understanding of some of these issues more than anyone else. Deaton’s focus on household surveys “has helped transform development economics from a theoretical field based on aggregate data to an empirical field based on detailed individual data”. According to the London Guardian, Deaton’s work complements studies by Thomas Piketty and Sir Tony Atkinson, focusing primarily on wealth and income inequality, and examining patterns of consumer spending to illustrate growing inequality in health and wellbeing. He is perhaps best known for the Deaton Paradox – “sharp shocks to income do not appear to cause equally large shocks to consumption.” The Guardian said that in his most recent book, The Great Escape: Health, Wealth and the Origins of Inequality, Deaton argues that analysis of economic data shows that while most people in the world have gained in terms of health and wellbeing from higher national incomes, there are many groups that have missed out. The newspaper also said Deaton, in his latest research, “focuses on the determinants of health in rich and poor countries as well as on the measurement of poverty in India and around the world”. Jean Dreze, an economist who has worked with Deaton, was quoted as saying: “Angus Deaton is not only a brilliant economist but also a formidable scholar and a great writer. He has shown how intelligent use of survey data can illuminate momentous issues of human welfare and contribute to public reasoning.” In awarding the prize to Deaton, the Academy analysed some of his theories, as follows: “How do consumers distribute their spending among different goods? Answering this question is not only necessary for explaining and forecasting actual consumption patterns, but also crucial in evaluating how policy reforms, like changes in consumption taxes, affect the welfare of different groups. In his early work around 1980, Deaton developed the Almost Ideal Demand System – a flexible, yet simple, way of estimating how the demand for each good depends on the prices of all goods and on individual incomes. His approach and its later modifications are now standard tools, both in academia and in practical policy evaluation. How much of society’s income is spent and how much is saved? To explain capital formation and the magnitudes of business cycles, it is necessary to understand the interplay between income and consumption over time. In a few papers around 1990, Deaton showed that the prevailing consumption theory could not explain the actual relationships if the starting point was aggregate income and consumption. Instead, one should sum up how individuals adapt their own consumption to their individual income, which fluctuates in a very different way to aggregate income. This research clearly demonstrated why the analysis of individual data is key to untangling the patterns seen in aggregate data, an approach that has since become widely adopted in modern macroeconomics. How do we best measure and analyze welfare and poverty? In his more recent research, Deaton highlights how reliable measures of individual household consumption levels can be used to discern mechanisms behind economic development. His research has uncovered important pitfalls when comparing the extent of poverty across time and place. It has also exemplified how the clever use of household data may shed light on such issues as the relationships between income and calorie intake, and the extent of gender discrimination within the family.”

IPSNews.net, 13 October, 2015, http://www.ipsnews.net/2015/10/nobel-prize-for-economics-reflects-issues-on-u-n-development-agenda/

Tagged with: Consumption Expenditure Nobel Prize Poverty Economic Disparity Inequality

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