[Congressional Record (Bound Edition), Volume 162 (2016), Part 1]
[House]
[Pages 1250-1251]
[From the U.S. Government Publishing Office, www.gpo.gov]




  IN RECOGNITION AND IN CELEBRATION OF THE WORK OF DR. ANGUS STEWART 
                                 DEATON

  The SPEAKER pro tempore. The Chair recognizes the gentleman from New 
Jersey (Mr. Lance) for 5 minutes.
  Mr. LANCE. Mr. Speaker, I rise to recognize and to celebrate the 
tremendous work of Dr. Angus Stewart Deaton of Princeton, New Jersey, 
who was awarded the 2015 Nobel Prize in Economic Sciences. Dr. Deaton 
is a renowned academic, who is the Dwight D. Eisenhower Professor of 
International Affairs and Professor of Economics and International 
Affairs at the Woodrow Wilson School of Public and International 
Affairs and the Economics Department at Princeton University.
  The Royal Swedish Academy of Sciences selected Dr. Deaton for the

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Swedish National Bank Prize in Economic Sciences in Memory of Alfred 
Nobel for his work regarding consumption, poverty, and welfare. The 
work is of critical importance to the entire world.
  The Nobel Committee said in its selection announcement: ``The 
Laureate, Angus Deaton, has deepened our understanding of different 
aspects of consumption. His research concerns issues of immense 
importance for human welfare, not least in poor countries. Deaton's 
research has greatly influenced both practical policymaking and the 
scientific community. By emphasizing the links between individual 
consumption decisions and outcomes for the whole economy, his work has 
helped transform modern microeconomics, macroeconomics, and development 
economics.''
  The Nobel Committee elaborated on its decision:

       Dr. Deaton received this year's prize in Economic Sciences 
     for three related achievements: 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.

  Dr. Deaton is a man of the world. A native of Edinburgh, Scotland, he 
was educated as a foundation scholar at Fettes College and received his 
undergraduate, master's, and doctorate of philosophy degrees from the 
University of Cambridge, where he was later a fellow at Fitzwilliam 
College. He was a faculty member at the University of Bristol before 
coming to Princeton. He has studied and visited many nations, has used 
research and experiences from around the world to shape the direction 
of his work, and has written extensively on societal issues facing the 
global community.
  His spouse, Dr. Anne C. Case, is the Alexander Stewart 1886 Professor 
of Economics and Public Affairs and Professor of Economics and Public 
Affairs at the Woodrow Wilson School and Economics Department at 
Princeton. She is also an accomplished and acclaimed faculty member who 
has published groundbreaking economic research. Angus Deaton has two 
adult children, and in their spare time, he and Professor Case enjoy 
the opera and trout fishing.
  Dr. Deaton is a superb professor, mentor, colleague, friend, and 
Princetonian. He is extremely worthy of this preeminent international 
honor. My wife, Heidi, and I and my twin brother, Jim, are proud to 
call Angus and Anne our friends. It is a great honor to Dr. Deaton's 
country of birth, the United Kingdom, and to his adopted country, the 
United States of America, that he has received this year's Nobel Prize 
in Economic Sciences. It is also a great honor to Princeton University, 
whose motto is: ``In the nation's service and in service of all 
nations.''
  On behalf of the Congress of the United States, I congratulate 
Professor Deaton. May he continue his momentous work for the betterment 
of the human condition in the many years that lie ahead.

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