Princeton Economist Wins Nobel For Research Into Poverty

The Nobel Prize in economics was awarded today to a Princeton economist from Scotland for his research into poverty. Angus Deaton told reporters on a conference call that he was pleased the committee decided to award work that concerns the poor people of the world.

"There are enormous numbers of people in the world - the World Bank has just come out with recent estimates of about 700 million people - who live in something close to destitution," he said.

Here & Now's Jeremy Hobson looks at Deaton's work and its real-world impact with Derek Thompson of The Atlantic.