Angus Deaton, the 2015 Nobel laureate in economics, is Professor of Economics and International Affairs at Princeton University’s Woodrow Wilson School of Public and International Affairs. He is the author of The Great Escape: Health, Wealth, and the Origins of Inequality.
While globalization has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper, this has always seemed to be an ethically acceptable price to pay, because those… read more
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. Unfort… read more
According to its critics, globalization leads to an inexorable increase in income and wealth inequality: the rich get richer, and everyone else gets nothing. But the first thing we need to understand … read more
