Stephen Sackur interviews Sir Angus Deaton, a British-American economist and academic. He was awarded the Nobel Prize in Economics (2015) for his analysis of consumption, poverty, and welfare. He has just launched the Deaton Review with the Institute for Fiscal Studies; a five-year academic investigation into inequalities in the UK, the largest ever conducted. What can Western democracies do to tame capitalism and reduce its worst effects?
Image: Sir Angus Deaton (Credit: Oscar Gonzalez/NurPhoto via Getty Images)
Nobel Laureate in Economics Angus Deaton of Princeton University talks with EconTalk host Russ Roberts about the economics of trade and aid. Deaton wonders if economists should re-think the widely-held view that redistribution from rich nations to poor nations makes the world a better place. The conversation focuses on the challenges facing poor Americans including the rising mortality rate for white Americans ages 45-54.