In 'The Great Escape,' Angus Deaton explores the remarkable economic progress and health improvements that have allowed billions to escape poverty. He delves into the complex interplay between wealth, happiness, and well-being, challenging conventional notions of development. Through compelling statistics and personal narratives, Deaton uncovers the hidden costs of progress and the inequality that persists alongside it. The book raises critical questions about what it truly means to live a good life in today's world. Prepare to rethink success and consider the road ahead for global development.
By Angus Deaton
Published: 2013
""In the battle against poverty, understanding the dynamics of wealth and well-being isn't just essential; it's the key to unlocking the future of humanity.""
Asserts that 250 years ago, some parts of the world began to experience sustained progress and examines the United States, a nation that has prospered but is experiencing slower growth and increasing inequality.
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“"In the battle against poverty, understanding the dynamics of wealth and well-being isn't just essential; it's the key to unlocking the future of humanity."”
The Great Escape
By Angus Deaton
Discover a world of knowledge through our extensive collection of book summaries.
Angus Deaton is a renowned economist and author, awarded the Nobel Prize in Economic Sciences in 2015 for his analysis of consumption, poverty, and welfare. He is best known for his influential works, including 'The Great Escape: Health, Wealth, and the Origins of Inequality' and 'Death and Life of the Great American City.' Deaton's writing style is characterized by its clarity and accessibility, blending rigorous academic research with compelling narratives that engage a broad audience. His research and writing address fundamental issues of economic well-being and inequality, making significant contributions to the understanding of global disparities.
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In "Between the World and Me," Ta-Nehisi Coates crafts a poignant letter to his son, illuminating the harsh realities of growing up African American in a society steeped in racial injustice. As he shares his personal experiences and struggles, Coates unearths the deep scars of history that shape the black experience in America. The narrative weaves together themes of identity, vulnerability, and resilience, urging readers to confront uncomfortable truths. With lyrical prose and raw honesty, Coates invites us to understand the weight of a body in a world that often overlooks its humanity. This powerful exploration leaves an indelible mark, challenging us to reconsider our own place in the ongoing conversation about race and belonging.
In 'The Great Transformation,' Karl Polanyi explores the radical shifts in economic and social structures that shaped modern society during the Industrial Revolution. He argues that the rise of the market economy led to profound disruptions in community life and environmental balance. Polanyi challenges the notion of self-regulating markets, revealing the hidden social costs of laissez-faire capitalism. Through historical examples, he illustrates the tension between economy and society, emphasizing the need for protective measures. This thought-provoking work invites readers to reconsider the relationship between markets and social welfare in contemporary life.
In 'The Rise and Fall of American Growth', economist Robert J. Gordon explores the transformative economic changes in the United States from the Civil War to the present day. He argues that the unprecedented growth in productivity and living standards during the early 20th century was a unique historical event that has now waned. As technological advances slow and inequality rises, Gordon challenges the optimistic narrative of perpetual progress. With a keen examination of historical data and cultural shifts, he raises questions about America’s future economic trajectory. This thought-provoking analysis invites readers to reconsider the sustainability of growth in an increasingly complex world.
In 'The Narrow Corridor', Daron Acemoglu and James A. Robinson explore the delicate balance between individual liberty and state authority, illuminating how societies navigate the thin path between oppression and chaos. Through captivating historical examples, the authors reveal the conditions that allow for the flourishing of freedoms and the emergence of prosperous, resilient nations. They delve into the concept of the 'narrow corridor', where institutions must align with cultural values to foster stability and growth. As they dissect past and present case studies, readers are invited to ponder critical questions about governance, power, and human potential. This thought-provoking analysis challenges us to reflect on the future of democracy and the critical choices that lie ahead.
In 'The Great Convergence,' Richard Baldwin takes readers on a compelling journey through the forces shaping our global economy, emphasizing the revolutionary impact of digital technology. He argues that the convergence of production and consumption is redefining international borders and reshaping global trade. As we become more interconnected than ever, Baldwin raises critical questions about the future of jobs and economic disparity. Will the merging of markets lead to prosperity, or will it deepen existing divides? A thought-provoking exploration that challenges conventional wisdom and invites readers to rethink the implications of our rapidly changing world.
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In 'Capital,' Karl Marx unveils the intricate mechanics of capitalism, revealing how it perpetuates class struggle and economic disparity. Through a meticulous exploration of labor, commodity, and value, he exposes the exploitative relationships hiding beneath the surface of wealth. With a bold critique of industrial society, Marx argues that the relentless pursuit of profit leads to societal decay and discontent. His revolutionary ideas challenge the very foundations of capitalism, prompting readers to question the status quo. Dive into this groundbreaking work that continues to influence modern economic thought and societal change.