The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2015 | Hanlon Financial Systems Center

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2015

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2015

seminar date: 
Thursday, November 5, 2015 - 5:30pm
seminar location: 
Hamed Ghoddusi, Filippo Pavesi, Stevens

Angus Deaton’s theoretical and empirical contributions have produced ground-breaking effects on the economics discipline, both from a methodological and from an applied perspective. After briefly presenting Deaton’s philosophical approach we provide an overview of his contributions by considering two of the major fields of application: consumption and welfare. In relation to the first, we discuss Deaton’s analysis of demand across commodities at a given point in time, as well as his innovative approach in addressing the aggregation problem by using household level data. In relation to the second strand we focus on the Nobel laureate’s approach to welfare measurement in developing countries and to the analysis of the living standards of the poor. We conclude providing some insights on the relevance of Deaton’s work for the future of research in social sciences.



Hamed Ghoddusi
Hamed Ghoddusi is an Assistant Professor of Finance at the School of Business, Stevens Institute of Technology. Before joining Stevens he was a postdoctoral associate at MIT's Engineering Systems Division (ESD). He has received his Ph.D. from the Vienna Graduate School of Finance (VGSF) and holds degrees in Economics, Management Science, and Industrial Engineering from the Institute for Advanced Studies (Vienna) and Sharif University of Technology (Tehran). Hamed has been a visiting scholar/consultant at Oxford Institute for Energy Studies (OIES), International Institute for Applied Systems Analysis (IIASA), UT Austin, UC Berkeley, UNDP, and UNIDO. His research interests include Energy and Resource Economics, Commodity Markets, Society-Centered Financial Innovation, Macro-Finance, and Risk Management.  

Filippo Pavesi
Filippo Pavesi is currently a Visiting Assistant Professor in Economics at the School of Business of Stevens Institute of Technology, as well an Assistant Professor in Economics at the University of Verona, Italy. He received his Ph.D. in Economics from Bocconi University in Milan. His research interests include the economics of information, political economy, social networks, financial economics, and experimental  economics. He was a visiting scholar at Universitat Autonoma de Barcelona (UAB) and New York University (NYU), a visiting professor at the Department of Public Policy at Central European University (CEU) in Budapest, and a Research Fellow in Economics at the Department of Industrial Engineering of the University of Parma.  He is also a member of the Center for Interdisciplinary Studies in Economics, Psychology and Social Sciences (CISEPS) at the University of Milan-Bicocca.