Angus Deaton

Sir Angus Deaton won the Nobel Prize in Economics in 2015. So when he says he is rethinking many of his assumptions about the field, it matters. Today on the show, Soumaya discusses what we are getting wrong about everything from inequality to immigration to the role of globalisation in the reduction of poverty. Soumaya Keynes writes a column each week for the Financial Times. You can find it here Subscribe to Soumaya's show on Apple , Spotify , Pocket Casts or wherever you listen. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this thought-provoking episode of The Great Tech Game Podcast, host Anirudh Suri welcomes Nobel Laureate and renowned economist Angus Deaton. They dive deep into the challenges facing the American economy, focusing on inequality, the impacts of opioid epidemics, the decline of trade unions, and the role of globalization. Angus shares insights from his latest book "Economics in America," discusses the implications of current economic policies, and expresses concerns over the future of capitalism and global warming. This episode is a must-listen for those interested in the intersection of technology, economics, geopolitics, and the direction of international affairs.About Angus:Sir Angus Stewart Deaton FBA (born October 19, 1945) is a British-American economist and academic. He is a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs, as well as the Economics Department at Princeton University. Deaton's research primarily explores issues related to poverty, inequality, health, wellbeing, and economic development.In 2015, he received the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare.00:00 Introduction 01:32 Introducing Professor Angus Deaton 03:14 Challenging GDP Growth as the Sole Metric 04:39 Economics in America: A Broader Perspective 06:00 The Role of Economists in Today's Challenges 06:26 Historical Perspectives on Economics and Well-being 09:13 Deaths of Despair: The Human Cost of Economic Growth 09:56 The Efficiency Obsession and Its Origins 22:31 The Future of Capitalism and Inequality 30:27 Geopolitics and Domestic Politics: A New Dynamic 35:49 The Decline of Trade Unions and Worker Power 38:40 Introduction to Global Inequality 38:54 The Great Divergence and Its Impact 40:04 What Causes Nations to Succeed or Fail? 41:07 The Role of Technology in Economic Growth 49:29 Educational Inequality in America 50:20 Pockets of Optimism in the World 54:19 Reordering the International Economic Order 01:00:19 Migration and Its Complexities 01:08:23 Book Recommendations and Final ThoughtsBook Links:Anirudh Suri:The Great Tech Game by Anirudh Suri : https://amzn.eu/d/1Su38MyAngus Deaton- Deaths of Despair and the Future of Capitalism: https://amzn.in/d/0KgBhxj- GREAT ESCAPE: Health, Wealth, and the Origins of Inequality: https://amzn.in/d/bG293xY- Economics in America: An Immigrant Economist Explores the Land of Inequality: https://amzn.in/d/3XMsR9vFollow Anirudh here:X (formerly Twitter): https://x.com/anirudhsuriLinkedin: https://www.linkedin.com/in/anirudhsuri/Instagram: https://www.instagram.com/anirudh_suriFacebook: https://www.facebook.com/AnirudhSuri.inWebsite: [www.anirudhsuri.com](http://www.anirudhsuri.com/)Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)[Global Economy, International Trade, Economic Policy, World Order, Geopolitics, International Relations, Economic Development, Global Economic Governance, Bretton Woods Institutions, IMF World Bank, Economic Power Dynamics, Globalization Trends, Economic Systems, Multilateral Organizations, Trade Agreements, Economic Inequality, Global Financial Stability, Foreign Aid, Economic Institutions, Global Economic Diplomacy.]

Sir Angus Deaton is a British-American economist, and one of the world’s most eminent in his profession. He was the sole recipient of the 2015 Nobel Memorial Prize in Economic Sciences, principally for his analysis of consumer demand, poverty, and welfare. But he is also among the world's most famous (perhaps even notorious) economists for the work he has done to shine a light on inequality in America. He is perhaps best known for his influential 2020 bestseller, Deaths of Despair and the Future of Capitalism , co-authored with his wife Anne Case, who is likewise an eminent economist at Princeton University, where both are emeritus professors. They coined the term “deaths of despair” to highlight the rising mortality rates among white non-elderly Americans, a change largely due to a rise in drug and alcohol poisonings, suicide, and chronic liver diseases and cirrhosis. These rising mortality and morbidity rates, Case and Deaton further documented, accompanied increasing divergences between less-educated and well-educated Americans on other indicators of well-being including wages, labor force participation, marriage, social isolation, obesity, and pain – all of which, they concluded, pointed toward a rise in despair that was linked to broad social and economic trends. In this podcast discussion, Sir Angus Deaton discusses his new book, Economics in America: An Immigrant Economist Explores the Land of Inequality . He talks about his education in Britain, the work that led to his Nobel Prize, the impact of the Nobels on the economics profession, and the principal questions he has wrestled with as an economist in his adoptive country, the United States. He also discusses his theory that what has led the U.S. to become an outlier among developed countries in terms of its declining life expectancy (as well as other indications of a failure of social flourishing) rests principally with the decline in jobs for less-educated Americans. And, he posits, this decline has come about in response to globalization and technological change, exacerbated by what he calls “the grotesquely exorbitant cost of our healthcare system” as well as the country’s fragmentary safety net.

In 2015, economists Anne Case and Angus Deaton published a paper that revealed something startling: an increase in mortality rates in the United States among white middle-aged men and women between the years of 1999 and 2013 . They published a book in 2020 that aimed to explain the trend, which they attributed to — among other factors — economic stagnation , social isolation, and the opioid crisis. The book, titled “Deaths of Despair and the Future of Capitalism,”, caused a stir inside and outside the field of economics, as people tried to make sense of America’s economy and society in the Trump years. On this episode, Rhodes Center Director Mark Blyth talks with Deaton about his newest book “Economics in America: An Immigrant Economist Explores the Land of Inequality,” which takes a broader view of the issues brought up in “Deaths of Despair.” They explore the pervasiveness of inequality in America, how it relates to the “deaths of despair” phenomenon, and why the field of economics often seems blind to the most pressing issues facing individuals and communities. Learn more about and purchase “ Economics in America: An Immigrant Economist Explores the Land of Inequality ” Learn more about the Watson Institute’s other award-winning podcasts

No matter which indicator you’re using, American inequality has been increasing in recent decades. Whether you’re measuring the growing wealth gap, the stagnant wages of the middle class, or the concentration of wealth and power among a small group of elites, every indicator unfailingly suggests that inequality is getting worse. Nobel Laureate Angus Deaton joins the podcast to talk about his recent book on the subject, Economics in America: An Immigrant Economist Explores the Land of Inequality, in which he explains how his own experience as an immigrant has shaped his understanding of American inequality and its impact on upward mobility. Angus Deaton is a renowned economist and author known for his groundbreaking work in the fields of poverty, inequality, and health. He is a 2015 Nobel Prize Laureate and is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs at Princeton University. Twitter: @DeatonAngus Economics in America: An Immigrant Economist Explores the Land of Inequality https://bookshop.org/p/books/economics-in-america-an-immigrant-economist-explores-the-land-of-inequality-angus-deaton/19785471?ean=9780691247625 Nick's new book, Corporate Bullsh*t, is out now! https://www.corporatebsbook.com Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Life expectancy in the U.S. has been on the decline, according to the Centers for Disease Control and Prevention. While the COVID-19 pandemic killed more than 1 million people in America, 2014-2015 was actually an inflection point for mortality rates. What went wrong and what’s behind the downward trend? Our guests this week point out that drug overdoses, suicides and alcoholism have fueled an increase in what they term ‘deaths of despair.’ Anne Case is the Alexander Stewart 1886 Professor of Economics and Public Affairs, Emeritus at the Princeton University School of Public and International Affairs. Angus Deaton is a Nobel Prize Winner and Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department. Together, they published their groundbreaking findings in 2015 and later co-authored “Deaths of Despair and the Future of Capitalism” in March of 2020. Case and Deaton join WITHpod to discuss what their findings reveal about capitalism and the U.S. healthcare system, education-related disparities in mortality, what might be done to reverse the surge in deaths and more. Sign up for MS NOW Premium on Apple Podcasts to listen to this show and other MS podcasts without ads. You'll also get exclusive bonus content from this and other shows. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP, 2020). In this podcast Owen Bennett-Jones discusses the issue of life expectancy and asks what trends relating to life expectancy are likely to occur in the future. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP, 2020). In this podcast Owen Bennett-Jones discusses the issue of life expectancy and asks what trends relating to life expectancy are likely to occur in the future. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/medicine

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP, 2020). In this podcast Owen Bennett-Jones discusses the issue of life expectancy and asks what trends relating to life expectancy are likely to occur in the future. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP, 2020). In this podcast Owen Bennett-Jones discusses the issue of life expectancy and asks what trends relating to life expectancy are likely to occur in the future. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/drugs-addiction-and-recovery