2015 Nobel Prize in Economics: Consumption, great and small

Angus Deaton of Princeton University has been awarded this year’s Nobel Prize in Economic Sciences ‘for his analysis of consumption, poverty, and welfare’.Angus Deaton of Princeton University has been awarded this year’s Nobel Prize in Economic Sciences ‘for his analysis of consumption, poverty, and welfare’.

Economic Models need to use more Data

Economics still needs to catch up with the natural sciences in predictive capability but this can be done with complex data-driven models, says #LindauEcon14 participant Jeffrey Peters.