Top 9 Angus Deaton Quotes (2024 Update)

Angus Deaton Quote: “If poverty is not a result of lack of resources or opportunities, but of poor institutions, poor government, and toxic politics, giving money to poor countries – particularly giving money to the governments of poor countries – is likely to perpetuate and prolong poverty, not eliminate it. The.”

1. “If poverty is not a result of lack of resources or opportunities, but of poor institutions, poor government, and toxic politics, giving money to poor countries – particularly giving money to the governments of poor countries – is likely to perpetuate and prolong poverty, not eliminate it. The.”

— Angus Deaton

Angus Deaton Quote: “Globalization gives workers in Asia better access to rich-country markets than ever before, and they can do many of the jobs that used to be done in the rich countries, even without being able to migrate. If this happens on a large scale, Asian wages will rise, and American and European wages will fall, narrowing earnings inequality in the world as a whole. The.”

2. “Globalization gives workers in Asia better access to rich-country markets than ever before, and they can do many of the jobs that used to be done in the rich countries, even without being able to migrate. If this happens on a large scale, Asian wages will rise, and American and European wages will fall, narrowing earnings inequality in the world as a whole. The.”

— Angus Deaton

Angus Deaton Quote: “To worry about these consequences of extreme inequality has nothing to do with being envious of the rich and everything to with the fear that rapidly growing top incomes are a threat to the wellbeing of everyone else.”

3. “To worry about these consequences of extreme inequality has nothing to do with being envious of the rich and everything to with the fear that rapidly growing top incomes are a threat to the wellbeing of everyone else.”

— Angus Deaton

Angus Deaton Quote: “One escape route from this negative conclusion is to argue, once again, that progress is being understated because quality improvements and new goods are not being adequately captured in the statistics. That would mean that inflation is being overstated, because some of the increase in prices comes from better things, not just from dearer things. If so, the poverty line is being increased too fast, and an ever-increasing proportion of the poor are not poor at all. If.”

4. “One escape route from this negative conclusion is to argue, once again, that progress is being understated because quality improvements and new goods are not being adequately captured in the statistics. That would mean that inflation is being overstated, because some of the increase in prices comes from better things, not just from dearer things. If so, the poverty line is being increased too fast, and an ever-increasing proportion of the poor are not poor at all. If.”

— Angus Deaton

Angus Deaton Quote: “Averages are no consolation to those who have been left behind.”

5. “Averages are no consolation to those who have been left behind.”

— Angus Deaton

Angus Deaton Quote: “It can be bad if the winners try to stop others from following them, pulling up the ladders behind them.”

6. “It can be bad if the winners try to stop others from following them, pulling up the ladders behind them.”

— Angus Deaton

Angus Deaton Quote: “This book is about the endless dance between progress and inequality, about how progress creates inequality, and how inequality can sometimes be helpful – showing others the way, or providing incentives for catching up – and sometimes unhelpful – when those who have escaped protect their positions by destroying the escape routes behind them.”

7. “This book is about the endless dance between progress and inequality, about how progress creates inequality, and how inequality can sometimes be helpful – showing others the way, or providing incentives for catching up – and sometimes unhelpful – when those who have escaped protect their positions by destroying the escape routes behind them.”

— Angus Deaton

Angus Deaton Quote: “If democracy becomes plutocracy, those who are not rich are effectively disenfranchised. Justice Louis Brandeis famously argued that the United States could have either democracy or wealth concentrated in the hands of a few, but not both. The political equality that is required by democracy is always under threat from economic inequality, and the more extreme the economic inequality, the greater the threat to democracy.”

8. “If democracy becomes plutocracy, those who are not rich are effectively disenfranchised. Justice Louis Brandeis famously argued that the United States could have either democracy or wealth concentrated in the hands of a few, but not both. The political equality that is required by democracy is always under threat from economic inequality, and the more extreme the economic inequality, the greater the threat to democracy.”

— Angus Deaton

Angus Deaton Quote: “We should also be careful not to count the “leisure” of the unemployed as a benefit. Those who have lost their jobs are not choosing to spend more time at home, and study after study has documented that unemployed people are among the most dissatisfied with their lives. So the data in Figure 1 would not be improved by any mechanical adjustment for the value of leisure.”

9. “We should also be careful not to count the “leisure” of the unemployed as a benefit. Those who have lost their jobs are not choosing to spend more time at home, and study after study has documented that unemployed people are among the most dissatisfied with their lives. So the data in Figure 1 would not be improved by any mechanical adjustment for the value of leisure.”

— Angus Deaton

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