“His research has helped transform the fields of microeconomics, macroeconomics, and development economics.” So said the panel that named Princeton professor Angus Deaton the winner of this year’s Nobel Prize in economics for his work in helping us better understand consumption, poverty and welfare.

+ WaPo: The remarkable thing that happens to poor kids when you give their parents a little money.

+ The Atlantic: When neighborhoods gentrify, why aren’t their public schools improving?