Angus Deaton Quotes
Inequality is an enormously complicated thing that is both good and bad.
Diamond’s observation refers to major technologies like farming and ability to use metals.
He was writing about America and many of the industrial democracies who at the time, as a result of globalziation, technology, government action and inaction, and other factors, had gone through a 30 year period of increasing disparities.
AI Explanation: This is a famous philosophical observation attributed to the early Christian author Lactantius. It suggests that true poverty isn't about a lack of material wealth, but rather being denied fairness, equality, or your rightful claims.
Sir Angus Stewart Deaton FBA is a British-American economist and academic. Deaton is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development.