We’ve gained so much materially. But this is what we’ve lost
Capitalism lost its way around 1970 and needs to be overhauled, says the economist and former governor of the Reserve Bank of India.
Studies, Edinburgh and Cambridge Universities. Since 1983, with Princeton University; July 2016, retired from professorship; currently, Emeritus Dwight D. Eisenhower Professor of International Affairs and Professor of Economics and International Affairs. Senior Scholar, Woodrow Wilson School. 2009, President, American Economic Association. Author; most recent book is The Great Escape: health, wealth, and the origins of inequality, which traces the improvements in health and material well-being, how progress has brought inequalities, and how those inequalities can both promote and hinder progress. Interests: poverty, inequality and well-being in the US, India and around the world.
Capitalism lost its way around 1970 and needs to be overhauled, says the economist and former governor of the Reserve Bank of India.
Nobel laureate Angus Deaton looks at globalization, poverty and the Robin Hood principle.