Angus Deaton Quotes
-
I didn't care for school much - it was very strict, corporal punishment in the form of the 'tawse' was common and unpredictable, and I was often afraid - but I believe that I did well enough; indeed, my mother always regretted that I had not stayed long enough to become the 'dux,' as the best pupil was called.
-
The best moments are when, together with... you bring information, you bring data to bear in a way that helps illuminate something that you just don't really understand. Even if it doesn't completely clarify it, it just, you know, helps bring it together.
-
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.
-
High quality, open, transparent, and uncensored data are needed to support democracy.
-
Without effective states working with active and involved citizens, there is little chance for the growth that is needed to abolish global poverty.
-
Inequality is not the same thing as unfairness; and, to my mind, it is the latter that has incited so much political turmoil in the rich world today.
-
I think putting numbers together into a coherent framework always seemed to me to be what really matters.
-
I have the great good fortune that one of my collaborators in work, Anne Case, is also my collaborator in life.
-
Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.
-
Europeans tend to feel more positively about their governments than do Americans, for whom the failures and unpopularity of their federal, state, and local politicians are a commonplace. Yet Americans' various governments collect taxes and, in return, provide services without which they could not easily live their lives.
-
Inequality is an enormously complicated thing that is both good and bad.
-
I argue that experiments have no special ability to produce more credible knowledge than other methods, and that actual experiments are frequently subject to practical problems that undermine any claims to statistical or epistemic superiority.
-
Americans, like many citizens of rich countries, take for granted the legal and regulatory system, the public schools, health care and social security for the elderly, roads, defense and diplomacy, and heavy investments by the state in research, particularly in medicine.
-
What is not OK is for rent-seekers to get rich.
-
We are trying to say that low income and low job opportunities, after a long period of time, tears at the social fabric.
-
A lot of people, including me, are worried that inequality will lead to bad things.
-
The call to rein in globalization reflects a belief that it has eliminated jobs in the West, sending them East and South. But the biggest threat to traditional jobs is not Chinese or Mexican; it is a robot.
-
The key is to somehow find a way of tackling rent-seeking, crony capitalism, and corruption - legal and illegal - and build fairer, more equal society without compromising innovation or entrepreneurship.
-
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.
-
The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.
-
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.
-
If someone thinks of something, some new innovation that benefits us all, and the market works properly, they get richly rewarded for that, and that's just terrific, and that creates inequality.
-
If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.
-
I don't think that globalisation is anywhere near the threat that robots are.