Professional discussion with department members.

On March 15, 2019, the Department of the Economics and Economy commemorated the merits of the Scottish economist Angus Deaton, who was awarded the Nobel Prize in 2015 for “his analysis of consumption, poverty and welfare”. Its findings are important, among other things, in evaluation of the functioning of government reforms. In his work he dealt with three basic issues: How consumers distribute spending among different goods, how much of society's income is spent and saved, and how best to measure and analyze welfare and poverty. The answers to these questions are crucial not only to anticipate consumer habits but also to be able to evaluate how reforms affect individual social “classes”. This context can be important for governments when deciding to increase or lower taxes. Angus Deaton was born in 1945 in Edinburgh, where he also studied. He received his PhD degree at the University of Cambridge. He then worked as a professor at the University of Bristol and Princeton University in the United States. A common denominator of his research is the desire to build bridges between theory and data and between the behaviour of individuals and the economy as a whole.