The book focuses on applications of the duality theory to welfare economics and econometric analysis.
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Angus Deaton is Dwight D. Eisenhower Professor of Economics and International Affairs in the Department of Economics and the Woodrow Wilson School of Public and International Affairs at Princeton University. He is the author of many books, including The Great Escape: Health, Wealth, and the Origins of Inequality (2013). In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences in recognition of his outstanding contribution to the analysis of consumption, poverty and welfare.
The book begins with four chapters that provide a self-contained presentation of the basic theory and its use in applied econometrics. These chapters also include elementary extensions of the theory to labor supply, durable goods, the consumption function, and rationing. The rest of book is divided into three parts.
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