Writes Angus Deaton: I see students who want to relieve suffering in the world. Should they go to Dhaka or Dakar? Focus on bed nets or worms? I tell them to go to Washington or London and to work to stop the harm that rich countries do…” (from an article in the Boston Review.
Here is John Cassidy’s level-headed take on Princeton University’s latest Nobel Prize winner, economist Deaton, published in the current New Yorker. He quotes Deaton as questioning the widespread presumption that rising inequality is always a bad thing. In developing countries, he wrote, “inequality is often a consequence of progress.”