By

Sampson I.M Onwuka

Congratulation to Angus Deaton Noble Economics 2015

Angus Deaton is a Scottish America at Princeton University that won the 2015 Nobel Prize for economics. The name is not very familiar or the interest as a major in economic well known. How does a country overcome the problem of poverty and how we recover from certain regional and national catastrophe. A measure of how well we handle poverty is not a new item, but in terms of modern market or since Bloomberg Terminals, there are news about world markets that is sufficient in dealing with problems of waste and management. But why has poverty increased and in spite of the growth of happiness, why has these schools of economics fail to distribute some of the problems of economic theory and poverty rate. We may over time find in Angus Deaton some reason to take strategies for emergencies on a different perspective. It is Africa that is a concern, that despite the issue of happiness which reverts to freedom to exercise wishes and choice than wealth and resources, there is Africa and the question of wealth management and the problems of handling the smallest attitude of prosperity in Africa as a case study or perhaps elsewhere - that is Brazil. Africa is pushing the envelop in market structure, algorithm and economic theory.

Africans have not done enough to attract disciplines of interest to help distinguish the gaps of structural and regional transformation but have not really done so. We want to understand why this is not exactly the demand study for precious degrees in major universities and how some of theories rendered by not-so popular Angus Deaton could fetch a higher and distilled understanding of poverty and happiness, separating the case of poverty and happiness from wealth and happiness which is not usually the case. 

Angus Deaton (2015) joins Jean Tirole (2014), Lloyd Shapley, Lars Peter Hausen (2013), Eugene Fama (2013), and Robert J. Shiller (2013) in narrating recent departure in economics and financing from mathematical and regular economic vintage point. We want to understand the efficacy of all the relevant recent theories - transition strategies (Princeton) and Efficiency/Risk alternative Portfolio (Univ. of Chicago) and Permanent Money (Harvard) in handling the issue of poverty prevention and the question of sovereign attitude to resource allocation - in spite of corruptions?

Short view

The arbitrary Riemann path which is also called (Euclidean Path) is as considered nonexistent by mathematicians, not that Euclid is wrong that a line ‘the shortest distance between two points’ or that an angle from a fixed point will not give the right progression for rest of path, that is the length of the hypotenuse is already known, but for the fact that Euclid mentions that a parallel exist between two points, mathematicians now disagree since the second premise of two equal parallels does not exist at all and as such the intent to prove the first by the second also fails. Even if it has to do with the rest it does away with the best. In essence, the only part of the market that can be considered useful for the non-active traders is usually the precinct of certainty, which in spite of a probably plateau may still deliver at least within the initial expectation and meet some guarantees of government obligation.
We mention that there are in fact four types of these changes that can take in bond or a life of an obligation, but it is to be noted that the fifth which is a Rho is not so much a type of instrument that reflects the movements on bond price, that is based on a form of re-arrangement or for instance when they say 'refinance', the outcome of the refinancing is that the individuals end up paying more with longer duration.


And while each group is quite happy and willing to associate themselves with growth or a linear progression from an irreversible, there is always that drama associated the points of the graph, that heading south - this downwards or heading north that is poised. It may shoot through the roof (ceiling) when its exceeds all expectations, it may be a cyclical bull that is when there is less than average chance that momentum can be altered over a given and unforeseen duration, it may be reduced to a Harry Markovitz period of relative epic event within the broad-index, or a Sharpe (William Sharpe) with respect to other events in the Local or Global macro. Is happiness achievable with sparing losses from Welfare, or security possible when there are questions of instability and inequality upon which all happiness is based?


We may put it in terms of the more daily issue of block price and option how does the limits of theoretical application of Angus Deaton proclaim and defend itself in an advance market behavior? There is linear progress or a bull market  easily prone to daggers and even the impact of a regular bubble is usually over-stated and conduct of those pretending to consider our money is actions in defense of losses when gains from the least market transaction is far beyond the mantle or threshold of justified. Any event in any market that has weighted its significance is fated to bliss and when upon such new and absolute event or reality, there is a concavity – no degree of infallibility. Losses are compounded by human and sudden behaviors in spite of the fundamentals in operation. It is the general argument of many economics that concavity of a group of stocks in the index and on singular basis - a set of individual choice, may be a convex of the said individual but for it to matter and for profit to resolve itself, there is an equal and opposite concave of a stock in the broad index or an individual.