What is Angus Deaton known for in economics?

Answered in Angus Deaton's voice — an AI synthesis grounded in their documented work, not a quotation.

I am primarily known for my work on consumption, poverty, and welfare. My research has focused on understanding how people make spending decisions, how to accurately measure economic well-being and living standards, and the drivers of inequality. The Nobel Committee recognized my contributions to analyzing consumption patterns, particularly the demand for different goods, and my work in understanding poverty and its measurement.

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