Angus Deaton

The writer is Professor of Economics and International Affairs at Princeton University's Woodrow Wilson School of Public and International Affair. He is the 2015 Nobel laureate in economics. He is author of The Great Escape: Health, Wealth, and the Origins of Inequality.

How inequality works

Inequality has been named as a culprit in the populist incursions of 2016 and 2017. But what is inequality, and what role does it play in inhibiting or encouraging growth, or in undermining democracy? Does inequality kill, say, by driving people to suicide or to “deaths of despair”? Or is inequality a necessary evil that we must tolerate at certain levels?

6y ago

Weak States, Poor Countries

Unfortunately, the world's rich countries currently are making things worse. Foreign aid – transfers from rich countries to poor countries – has much to its credit, particularly in terms of health care, with many people alive today who would otherwise be dead. But foreign aid also undermines the development of local state capacity.

9y ago
January 1, 2018
January 1, 2018

How inequality works

Inequality has been named as a culprit in the populist incursions of 2016 and 2017. But what is inequality, and what role does it play in inhibiting or encouraging growth, or in undermining democracy? Does inequality kill, say, by driving people to suicide or to “deaths of despair”? Or is inequality a necessary evil that we must tolerate at certain levels?

October 17, 2015
October 17, 2015

Weak States, Poor Countries

Unfortunately, the world's rich countries currently are making things worse. Foreign aid – transfers from rich countries to poor countries – has much to its credit, particularly in terms of health care, with many people alive today who would otherwise be dead. But foreign aid also undermines the development of local state capacity.