Angus Deaton Quotes
Inequality is not the same thing as unfairness; and, to my mind, it is the latter that has incited so much political turmoil in the rich world today.
Deaton, Angus. "What's Wrong with Inequality?" Project Syndicate, 12 Dec. 2017.
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.
The crisis of inequality of income and wealth has occurred seven times in American history.
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.