106 Quotes by Angus Deaton

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.

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

You can find episodes like the flu epidemic or war times when mortality rates go up, but sustained increases in mortality for any major group in any society are really quite rare. It's an indication that something is very wrong.

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.

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.

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.

Political and legal institutions play a central role in setting the environment that can nurture prosperity and economic growth.

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.

I really don't think we've become a plutocracy, but I worry about the enormous influence that money has in a democracy such as ours.