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

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


Angus Deaton  Angus Deaton
Tags: Grow  Why  Mysterious  Slowly  Some 

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Author introduction

Sir Angus Stewart Deaton FBA[1] (born 19 October 1945) is a British-American economist and academic. Deaton is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development.[2]

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Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.

    Angus Deaton  Angus Deaton   
 Tags: Growth Important Sharing Left Behind
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I don't think equality is intrinsically valuable, meaning in and of itself. I'm not against inequality... if Bill Gates gets another hundred million dollars, it's no skin off my nose.

    Angus Deaton  Angus Deaton   
 Tags: Equality Think Meaning Skin Nose
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Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.

    Angus Deaton  Angus Deaton   
 Tags: Business Think Doing Bad I Think
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European countries give much larger shares of aid for poverty relief than the U.S.

    Angus Deaton  Angus Deaton   
 Tags: Poverty Give Relief Than Much Aid
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I think lower wages have made men much less marriageable than they were before. It's not just like your job goes to hell. Your marriage goes to hell. You don't know your children anymore. Your children have a higher chance of being screwed up.

    Angus Deaton  Angus Deaton   
 Tags: Marriage Children Job Men Chance Up
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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.

    Angus Deaton  Angus Deaton   
 Tags: Good People America Potential India
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If poverty and underdevelopment are primarily consequences of poor institutions, then by weakening those institutions or stunting their development, large aid flows do exactly the opposite of what they are intended to do.

    Angus Deaton  Angus Deaton   
 Tags: Poverty Consequences Development Poor
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There is much that remains mysterious about why some countries grow rapidly and some grow slowly.

    Angus Deaton  Angus Deaton   
 Tags: Grow Why Mysterious Slowly Some
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