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Almost Ideal Demand System (AIDS) and Critique of Foreign Aid
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Almost Ideal Demand System (AIDS) and Critique of Foreign Aid

Deaton’s prominent contributions include the Almost Ideal Demand System (AIDS) and further development of the Deaton Paradox. He advocates empiricism and criticizes foreign aid as often counterproductive, and received SEK 8 million as the Nobel Prize award.

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    Deaton’s prominent contributions include the Almost Ideal Demand System (AIDS) and further development of the Deaton Paradox. He advocates empiricism and criticizes foreign aid as often counterproductive, and received SEK 8 million as the Nobel Prize award.

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