Angus 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.