Episode 41: The Great Escape (Angus Deaton)

The great escapeAngus Deaton, the Dwight D. Eisenhower Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University, talks about his book, The Great Escape, which brings together his research into health, well-being, and economic development.

In his book, Professor Deaton talks about the great progress that is being made in health and well-being, but also the problem of inequality within and between nations.  The book finishes with a robust critique of the aid business, leading Professor Deaton to recommend that industrialised countries should spend money for, but not in, developing countries.  In the podcast, I discuss with Professor Deaton the difference between happiness and well-being, the drivers of improved health around the world, and the implications of inequality of material well-being. We also debate his views about the impact of aid.

Here is a short video clip of part of the discussion. The full discussion – published in audio only – can be heard here on the website, or you can subscribe for free on iTunes.

Read the transcript of the podcast.

If you enjoy Development Drums, you may also enjoy CGD’s other podcast, the Global Prosperity Wonkcast.  Here is a longer list of development podcasts.

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Comments

[…] In the latest Development Drums podcast, Owen Barder talks to Angus Deaton on his new book, The Great Escape, which brings together his […]

[…] Barder’s (@owenbarder) development drums podcast interview with Angus Deaton. Angus Deaton talks about his new book – the Great Escape – where […]

[…] as well as my reading included enjoying the Xmas time edition of Development Drums that was an interview with Angus Deaton in the wake of his recent book the Great Escape that, amongst other things, severely criticises […]

[…] LSE lecture (from minute 47 onwards here) and in an excellent cross-examination by Owen Barder on Development Drums, Deaton’s most substantive criticism was on the link between aid and domestic […]

[…] Deaton knows, just knows!, aid is a net bad and should be stopped immediately. When asked for evidence by Owen Barder, he cited some selective examples, argued their couldn’t be any empirical answers to these […]

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