Angus Deaton Quotes
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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.
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Inequality is partly a marker of success.
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Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.
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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.
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I believe, as do most people, that we have an obligation to assist the truly destitute.
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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.
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A lot of our sources for income-inequality measures come from household surveys in which people report how much they earned in the last year, how much income they have, and so on. Those are not as well funded as they should be. We need to have those numbers.
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The Nobel thing is like dying and going to heaven for a while. It's like being transported to a fairyland.
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Inequality is not so much a cause of economic, political, and social processes as a consequence. Some of these processes are good, some are bad, and some are very bad indeed.
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Those of us who were lucky enough to be born in the right countries have a moral obligation to reduce poverty and ill health in the world.
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The educational highlights I remember were not in the classroom. My father spent a lot of time with me when he could. He taught me how to take square roots, a skill I have retained but do not use often, except to check that I still remember.
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You can find episodes like the flu epidemic or war times when mortality rates go up, but sustained increases in mortality for any major group in any society are really quite rare. It's an indication that something is very wrong.
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International cooperation is vital to keeping our globe safe, commerce flowing, and our planet habitable.
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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.
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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.
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After a day's fishing, I'll know the solution to something or have good ideas that were not accessible before.
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I'm in favor of inequality if it comes about from people making great innovations that make us all better off. And I think those people deserve to be rich. But the people who get rich by lobbying the Congress to give them special protections that come out of the hides of the workers seems to be a bad idea.
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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.
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The people who hate immigrants are people who have never met them!
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I've written about how mortality is a wonderful indicator of societal progress.
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Parents tend to value their lives more highly than people without kids, but they're different in lots of ways: They're richer. They're better educated. They're healthier.
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In the high-income English-speaking world, the elderly get treated very well indeed.
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Aid can only reach the victims of war by paying off the warlords and, sometimes, extending the war.
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As recognized since ancient times, the coexistence of very rich and very poor leads to two possibilities, neither a happy one. The rich can rule alone, disenfranchising or even enslaving the poor, or the poor can rise up and confiscate the wealth of the rich.