Angus Deaton Quotes

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.
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.
A lot of people in America and Europe feel that their governments are not representing them very much.
After a day's fishing, I'll know the solution to something or have good ideas that were not accessible before.
Aid can only reach the victims of war by paying off the warlords and, sometimes, extending the war.
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.
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.
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.
Broadly shared progress can be achieved with policies that are designed specifically to benefit consumers and workers. And such policies need not even include redistributive taxation, which many workers oppose. Rather, they can focus on ways to encourage competition and discourage rent-seeking.
Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.
China and India are the success stories; rapid growth in large countries is an engine that can make a colossal dent in world poverty.
Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.
European countries give much larger shares of aid for poverty relief than the U.S.
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.
Foreign aid, especially when there is a lot of it, affects how institutions function and how they change.
Globalisation, for me, seems to be not first-order harm, and I find it very hard not to think about the billion people who have been dragged out of poverty as a result.
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.
Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.
High quality, open, transparent, and uncensored data are needed to support democracy.
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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AuthorName
Angus Deaton
Profession
Economist
BirthDate
19 October, 1945
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