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Although globalization and technological change have disrupted traditional work arrangements, both processes have the potential to benefit everyone. The fact that they have not suggests that the wealthy have captured the benefits for themselves.
Angus Deaton -
A lot of people, including me, are worried that inequality will lead to bad things.
Angus Deaton
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If poverty and underdevelopment are primarily consequences of poor institutions, then by weakening those institutions or stunting their development, large aid flows do exactly the opposite of what they are intended to do.
Angus Deaton -
When I was a boy living in Edinburgh in Scotland, especially in December, when the hours of daylight were few, and it was cold, and often wet, I used to dream of escaping to a tropical magic kingdom.
Angus Deaton -
European countries give much larger shares of aid for poverty relief than the U.S.
Angus Deaton -
I think lower wages have made men much less marriageable than they were before. It's not just like your job goes to hell. Your marriage goes to hell. You don't know your children anymore. Your children have a higher chance of being screwed up.
Angus Deaton -
International cooperation is vital to keeping our globe safe, commerce flowing, and our planet habitable.
Angus Deaton -
We are trying to say that low income and low job opportunities, after a long period of time, tears at the social fabric.
Angus Deaton
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Trade, migration, and modern communications have given us networks of friends and associates in other countries. We owe them much, but the social contract with our fellow citizens at home brings unique rights and responsibilities that must sometimes take precedence, especially when they are as destitute as the world's poorest people.
Angus Deaton -
Many people have mixed views about unions, but unions used to give people some measure of control at work. They gave them a social life and political representation in Washington, which doesn't really exist anymore.
Angus Deaton -
I feel passionately about measurement - about how difficult it is, about how much theory and conceptualization is involved in measurement, and indeed, how much politics is involved.
Angus Deaton -
I doubt that Donald Trump would be happier... if he was a different person. But Trump is always telling people how great his life is and about all the great things that he's done, and that's also all about his income. And that's also what we found. If you ask people how their lives are going, as a whole, it seems they tend to point to income.
Angus Deaton -
Political and legal institutions play a central role in setting the environment that can nurture prosperity and economic growth.
Angus Deaton -
The school in the Yorkshire mining village in which my father grew up in the 1920s and 1930s allowed only a few children to go to high school, and my father was not one of them. He spent much of his time as a young man repairing this deprivation, mostly at night school.
Angus Deaton
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What is not OK is for rent-seekers to get rich.
Angus Deaton -
Inequality is partly a marker of success.
Angus Deaton -
The very wealthy have little need for state-provided education or health care... They have even less reason to support health insurance for everyone or to worry about the low quality of public schools that plagues much of the country.
Angus Deaton -
The first thing we need to understand when we think about globalization is that it has benefited an enormous number of people who are not part of the global elite.
Angus Deaton -
The Nobel thing is like dying and going to heaven for a while. It's like being transported to a fairyland.
Angus Deaton -
The absence of state capacity - that is, of the services and protections that people in rich countries take for granted - is one of the major causes of poverty and deprivation around the world.
Angus Deaton
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I think inequality has gone past the point where it's helping us all get rich, and it's really becoming a serious threat.
Angus Deaton -
A lot of people in America and Europe feel that their governments are not representing them very much.
Angus Deaton -
I was born in Edinburgh, in Scotland, a few days after the end of the Second World War. Both my parents had left school at a very young age, unwillingly in my father's case. Yet both had deep effects on my education, my father influencing me toward measurement and mathematics, and my mother toward writing and history.
Angus Deaton -
I believe, as do most people, that we have an obligation to assist the truly destitute.
Angus Deaton