Angus Deaton

A Nobel Prize-winning economist tells the remarkable story of how the world has grown healthier, wealthier, but also more unequal over the past two and half centuriesThe world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Nobel Prize-winning economist Angus Deaton--one of the foremost experts on economic development and on poverty--tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what needs to be done to help those left behind.Deaton describes vast innovations and wrenching setbacks: the successes of antibiotics, pest control, vaccinations, and clean water on the one hand, and disastrous famines and the HIV/AIDS epidemic on the other. He examines the United States, a nation that has prospered but is today experiencing slower growth and increasing inequality. He also considers how economic growth in India and China has improved the lives of more than a billion people. Deaton argues that international aid has been ineffective and even harmful. He suggests alternative efforts--including reforming incentives to drug companies and lifting trade restrictions--that will allow the developing world to bring about its own Great Escape.Demonstrating how changes in health and living standards have transformed our lives, The Great Escape is a powerful guide to addressing the well-being of all nations.

From the Nobel Prize–winning economist and New York Times bestselling coauthor of Deaths of Despair and the Future of Capitalism , candid reflections on the economist’s craftWhen economist Angus Deaton immigrated to the United States from Britain in the early 1980s, he was awed by America’s strengths and shocked by the extraordinary gaps he witnessed between people. Economics in America explains in clear terms how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system—and narrates Deaton’s account of his experiences as a naturalized US citizen and academic economist.Deaton is witty and pulls no punches. In this incisive, candid, and funny book, he describes the everyday lives of working economists, recounting the triumphs as well as the disasters, and tells the inside story of the Nobel Prize in economics and the journey that led him to Stockholm to receive one. He discusses the ongoing tensions between economics and politics—and the extent to which economics has any content beyond the political prejudices of economists—and reflects on whether economists bear at least some responsibility for the growing despair and rising populism in America.Blending rare personal insights with illuminating perspectives on the social challenges that confront us today, Deaton offers a disarmingly frank critique of his own profession while shining a light on his adopted country’s policy accomplishments and failures.

This classic text has introduced generations of students to the economic theory of consumer behaviour. Written by 2015 Nobel Laureate Angus Deaton and John Muellbauer, the book begins with a self-contained presentation of the basic theory and its use in applied econometrics. These early chapters also include elementary extensions of the theory to labour supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behaviour to include the quality of goods and household production theory, labour supply and human capital theory, the consumption function and intertemporal choice, the demand for durable goods, and choice under uncertainty.

This book provides an overview of recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Attempts by economists to understand saving and consumption patterns have generated some of the best science in economics. For more than fifty years, there has been serious empirical and theoretical activity--never separating data, theory, and policy as has happened in many branches of economics. Research has drawn microeconomists interested in household behavior, as well as macroeconomists, for whom the behavior of aggregate consumption has always occupied a central role in explaining aggregate fluctuations. Econometricians have also made distinguished contributions, and there has been a steady flow of new methodologies by those working on saving and consumption, in time-series econometrics, as well as in the study of micro and panel data. A coherent account of these developments is presented here, emphasizing the interplay between micro and the macro, between studies of cross-section and panels, and those using aggregate time series data.--back cover

A Nobel Prize–winning economist tells the remarkable story of how the world has grown healthier, wealthier, but also more unequal over the past two and half centuriesThe world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape , Nobel Prize–winning economist Angus Deaton―one of the foremost experts on economic development and on poverty―tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what needs to be done to help those left behind.Deaton describes vast innovations and wrenching the successes of antibiotics, pest control, vaccinations, and clean water on the one hand, and disastrous famines and the HIV/AIDS epidemic on the other. He examines the United States, a nation that has prospered but is today experiencing slower growth and increasing inequality. He also considers how economic growth in India and China has improved the lives of more than a billion people. Deaton argues that international aid has been ineffective and even harmful. He suggests alternative efforts―including reforming incentives to drug companies and lifting trade restrictions―that will allow the developing world to bring about its own Great Escape.Demonstrating how changes in health and living standards have transformed our lives, The Great Escape is a powerful guide to addressing the well-being of all nations.

The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour. The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ). With this method the parameter estimates changed Rowe ( 1964 very little after the first few iterations. Nevertheless they did change, and with the computing resources then at our disposal we failed to reach convergence. It was mainly for this reason that we decided to wait.

Edited by Angus Deaton, winner of the 2015 Nobel Memorial Prize in Economic Sciences, this volume features early work on the theory and measurement of consumer behaviour. Featuring contributions from leading economists such as Anthony Atkinson, Nicholas Stern, John Muellbauer and Deaton himself, the book offers papers on a wide range of topics. Topics covered range from theory to econometrics, from Engel curves to labour supply and fertility, and from consumer demand in England to consumer behaviour in the USSR. These papers were written and collected for this volume to honour Sir Richard Stone on the occasion of his retirement from his chair at the University of Cambridge.

Swedish / Svenska

To historia ludzkosci uciekajacej przed nedza i smiercia Opowiesc o tym jak ludzie zdolali uczynic swoje zycie lepszym i o tym jak pociagneli za soba innych Tematem tej ksiazki jest niekonczacy sie taniec postepu i nierownosci Chce pokazac w jaki sposob postep tworzy nowe nierownosci a takze to ze nierownosci moga czasami byc pomocne bo wskazuja droge i motywuja do dzialania a czasami przeciwnie przeszkadzac kiedy ci ktorzy zdolali uciec chronia swoje pozycje uniemozliwiajac ucieczke innym To historia ktora byla juz opowiadana wielokrotnie ale ja chce ja opowiedziec w nowy sposob Latwo jest zalozyc ze w ucieczce przed bieda chodzi tylko o pieniadze o to zeby miec wiecej i moc zyc bez tego dreczacego leku o jutro Pieniadze sa bardzo waznym elementem tej ukladanki ale rownie a moze nawet bardziej wazne jest lepsze zdrowie i wieksze prawdopodobienstwo zycia na tyle dlugo aby osiagnac powodzenie Rodzice zyjacy w ciaglym leku o zycie swoich dzieci a czesto w realiach w ktorych to zycie jest nieustannie zagrozone matki rodzace po dziesiecioro dzieci po to aby choc polowa z nich dozyla wieku doroslego tacy ludzie doswiadczaja niedostatku glebszego niz sam brak pieniedzy Napisano wiele ksiazek o bogactwie i o nierownosciach o tym jak zdrowie i zamoznosc ida w parze Ja staram sie opowiedziec te historie lacznie majac nadzieje ze demografowie i historycy pozwola ekonomiscie zapuscic sie na swoj teren poniewaz historia osiagania dobrobytu i dazenia do tego co sprawia ze warto zyc bylaby niekompletna gdybysmy skupili sie tylko na czesci tego co w tej sprawie istotne Z Przedmowy Autora

Edited by Angus Deaton, winner of the 2015 Nobel Memorial Prize in Economic Sciences, this volume features early work on the theory and measurement of consumer behaviour. Featuring contributions from leading economists such as Anthony Atkinson, Nicholas Stern, John Muellbauer and Deaton himself, the book offers papers on a wide range of topics. Topics covered range from theory to econometrics, from Engel curves to labour supply and fertility, and from consumer demand in England to consumer behaviour in the USSR. These papers were written and collected for this volume to honour Sir Richard Stone on the occasion of his retirement from his chair at the University of Cambridge.

Poverty is a complex issue involving multiple aspects of deprivation, of which the lack of goods and services is only one. There is, however, consensus on the importance of using a consumption aggregate as a summary measure of living standards. Despite the widespread use of consumption aggregates, there are few guidelines on how to construct consumption aggregates from survey data.This book presents a review of the theoretical framework fundamental to the use of the consumption aggregate as a welfare measure. It offers some practical guidelines and outlines a three-part procedure for constructing a consumption-based measure of individual welfare. This book contains examples based on survey data from Ghana, Vietnam, Nepal, the Kyrgyz Republic, Ecuador, South Africa, Panama, and Brazil.