Angus Deaton Quotes
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There's this narrative that is entrenched in some of the professions that there's this mysterious thing called 'socioeconomic status' that is immutably correlated with health. And it isn't.
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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.
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Foreign aid, especially when there is a lot of it, affects how institutions function and how they change.
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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.
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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.
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It's a murky world out there, and it's hard to figure things out sometimes.
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In the high-income English-speaking world, the elderly get treated very well indeed.
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I don't think that globalisation is anywhere near the threat that robots are.
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I, who do not believe in socialized health-care, would advocate a single-payment system... because it will get this monster that we've created out of the economy and allow the rest of capitalism to flourish without the awful things that healthcare is doing to us.
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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.
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Like many in academia and in the development industry, I am among globalization's greatest beneficiaries - those who are able to sell our services in markets that are larger and richer than our parents could have dreamed of.
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It's hard to know what's going to be replaced by technology tomorrow. It feels like we're all at risk. I feel only safe as an emeritus professor!
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Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive.
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A good theoretical account must explain all of the evidence that we see. If it doesn't work everywhere, we have no idea what we are talking about, and all is chaos.
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Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.
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I don't think income solely determines health. I think lots of other things determine health.
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I don't think equality is intrinsically valuable, meaning in and of itself. I'm not against inequality... if Bill Gates gets another hundred million dollars, it's no skin off my nose.
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Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things worse for a very large number of people around the world who have benefitted - people in China and India who have been dragged out of the most awful poverty.
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I'm not a left-wing nut pushing for single-payer!
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I both love inequality and am terrified of it.
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In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it.
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Success breeds inequality, and you don't want to choke off success.
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It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does.
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I think there are a lot of policies that have been unfriendly to workers' wages.