Law & Liberty
•80% Informative
Sir Angus Deaton’s Economics in America: An Immigrant Economist Explores the Land of Inequality.
For Deaton, America is the land of inequality, and this simultaneously fascinates, excites, and horrifies him.
The Scottish-born 2015 Nobel laureate in economics moved to the United States in 1983 and eventually became a citizen.
Deaton’s particular tale is one of growing inequalities in America, especially from the 1970s onwards in the wake of what he argues was the beginning of growing gaps in income inequality in America.
Deaton notes that reducing economic inequalities was a major preoccupation of the Cambridge School of economics, and contrasts this with the Chicago school.
Angus Deaton has written a book about the role of philosophers in economics.
He says big questions should drive economists’ study of data, but Deaton wants to see those questions go far beyond supply and demand.
With that, Deaton points back to an older way of doing economics, one that he identifies with Adam Smith.
VR Score
87
Informative language
92
Neutral language
31
Article tone
semi-formal
Language
English
Language complexity
69
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
long-living
External references
8
Source diversity
6
Affiliate links
no affiliate links