“Saving is about how people balance their present wellbeing with their future wellbeing”

Scottish-British economist Angus Deaton, recipient of the 4th BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, reviews a career marked by contributions to consumption theory, the measurement of poverty, and the study of subjective wellbeing. He explains how his work—often driven by unexpected findings—has allowed him to integrate approaches from psychology and sociology to measure wellbeing through individual perception, a line of research he considers essential and still evolving.

The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category has been granted, in its fourth edition, to British economist Angus Deaton, for his fundamental contributions to the theory of consumption, savings and the measurement of economic wellbeing. Throughout his career, his work has been characterized by an attempt to understand emp

Scottish-British economist Angus Deaton, recipient of the 4th BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, reviews a career marked by contributions to consumption theory, the measurement of poverty, and the study of subjective wellbeing. He explains how his work—often driven by unexpected findings—has allowed him to integrate approaches from psychology and sociology to measure wellbeing through individual perception, a line of research he considers essential and still evolving.

The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category has been granted, in its fourth edition, to British economist Angus Deaton, for his fundamental contributions to the theory of consumption, savings and the measurement of economic wellbeing. Throughout his career, his work has been characterized by an attempt to understand empirical evidence in terms of a clearly articulated theoretical structure and the behaviors underlying the data.