Top Quotes by Angus Deaton

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.

Angus Deaton

Success breeds inequality, and you don’t want to choke off success.

Angus Deaton

Inequality is not the same thing as unfairness; and, to my mind, it is the latter that has incited so much political turmoil in the rich world today.

Angus Deaton

International cooperation is vital to keeping our globe safe, commerce flowing, and our planet habitable.

Angus Deaton

The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

I didn’t care for school much – it was very strict, corporal punishment in the form of the ‘tawse’ was common and unpredictable, and I was often afraid – but I believe that I did well enough; indeed, my mother always regretted that I had not stayed long enough to become the ‘dux,’ as the best pupil was called.

Angus Deaton

After a day’s fishing, I’ll know the solution to something or have good ideas that were not accessible before.

Angus Deaton

It’s a murky world out there, and it’s hard to figure things out sometimes.

Angus Deaton

I’m not a left-wing nut pushing for single-payer!

Angus Deaton

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.

Angus Deaton

Many people have mixed views about unions, but unions used to give people some measure of control at work. They gave them a social life and political representation in Washington, which doesn’t really exist anymore.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

When citizens believe that the elite care more about those across the ocean than those across the train tracks, insurance has broken down, we divide into factions, and those who are left behind become angry and disillusioned with a politics that no longer serves them.

Angus Deaton

The school in the Yorkshire mining village in which my father grew up in the 1920s and 1930s allowed only a few children to go to high school, and my father was not one of them. He spent much of his time as a young man repairing this deprivation, mostly at night school.

Angus Deaton

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.

Angus Deaton

Inequality is partly a marker of success.

Angus Deaton

In the high-income English-speaking world, the elderly get treated very well indeed.

Angus Deaton

Businesses have moved from doing business to doing lobbying, and I think that’s a very bad thing.

Angus Deaton

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.

Angus Deaton

What is not OK is for rent-seekers to get rich.

Angus Deaton

I think inequality has gone past the point where it’s helping us all get rich, and it’s really becoming a serious threat.

Angus Deaton

In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it.

Angus Deaton

In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it.

Angus Deaton

Foreign aid, especially when there is a lot of it, affects how institutions function and how they change.

Angus Deaton

I’ve written about how mortality is a wonderful indicator of societal progress.

Angus Deaton

Without effective states working with active and involved citizens, there is little chance for the growth that is needed to abolish global poverty.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.

Angus Deaton

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.

Angus Deaton

Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive.

Angus Deaton

International development aid is based on the Robin Hood principle: take from the rich and give to the poor.

Angus Deaton

The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

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.

Angus Deaton

Without properly functioning civil courts, there is no guarantee that innovative entrepreneurs can claim the rewards of their ideas.

Angus Deaton

The history of Montana has been of the government giving land grants to people that could not possibly turn it into decent farms. And that’s destroying their lives. So they don’t see the government as something that’s out there to help them.

Angus Deaton

The Nobel thing is like dying and going to heaven for a while. It’s like being transported to a fairyland.

Angus Deaton

The people who hate immigrants are people who have never met them!

Angus Deaton

I was born in Edinburgh, in Scotland, a few days after the end of the Second World War. Both my parents had left school at a very young age, unwillingly in my father’s case. Yet both had deep effects on my education, my father influencing me toward measurement and mathematics, and my mother toward writing and history.

Angus Deaton

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.

Angus Deaton

When I was a boy living in Edinburgh in Scotland, especially in December, when the hours of daylight were few, and it was cold, and often wet, I used to dream of escaping to a tropical magic kingdom.

Angus Deaton

I have the great good fortune that one of my collaborators in work, Anne Case, is also my collaborator in life.

Angus Deaton

The best moments are when, together with… you bring information, you bring data to bear in a way that helps illuminate something that you just don’t really understand. Even if it doesn’t completely clarify it, it just, you know, helps bring it together.

Angus Deaton

I don’t think income solely determines health. I think lots of other things determine health.

Angus Deaton

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!

Angus Deaton

I think putting numbers together into a coherent framework always seemed to me to be what really matters.

Angus Deaton