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Deaths of Despair and the Future of Capitalism
"This book documents the decline of white-working class lives over the last half-century and examines the social and economic forces that have slowly made these lives more difficult. Case and Deaton argue that market and political power in the United States have moved away from labor towards capital--as unions have weakened and politics have become more favorable to business, corporations have become more powerful. Consolidation in some American industries, healthcare especially, has brought an increase in monopoly power in some product markets so that it is possible for firms to raise prices above what they would be in a freely competitive market. This, the authors argue, is a major cause of wage stagnation among working-class Americans and has played a substantial role in the increase in deaths of despair. [The authors] offer a way forward, including ideas that, even in our current political situation, may be feasible and improve lives"--
The Great Escape
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 centuries The 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 wo...
Understanding Consumption
An overview of the saving and consumption patterns of households
The Great Escape
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 centuries The 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 wo...
Economics and Consumer Behavior
For advanced courses in economic analysis, this book presents the economic theory of consumer behavior, focusing on the applications of the theory to welfare economies and econometric analysis.
The Analysis of Household Surveys
Using data from several countries, including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, this book analyzes household survey data from developing countries and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues.
Economics in America
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 craft When 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 ...
Understanding Consumption
An overview of the saving and consumption patterns of households
Guidelines for Constructing Consumption Aggregates for Welfare Analysis
In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.
Summary of Angus Deaton's The Great Escape
Please note: This is a companion version & not the original book. Sample Book Insights: #1 Health is the first thing I consider when it comes to wellbeing. The girl born in the United States today can expect to live more than 80 years, and this estimate is conservative because it ignores any future reductions in mortality. #2 Health is not just about being alive and living a long time, but about living in good health. Good health has many dimensions and is difficult to measure than the simple fact of whether or not someone is alive, but there is evidence of improvement over time as well as of differences between rich and poor countries. #3 There are some rich countries that do not have the highest life expectancies, and they may even be poor in terms of their incomes. People are not at all content with their lives in these countries, and they are well aware of their good fortune. #4 The world is a large map that shows life expectancy and GDP per capita around the world. The horizontal axis shows GDP per capita of each country while the vertical axis shows life expectancy at birth for men and women taken together.
