#angusdeaton — Public Fediverse posts

I think anyone following me knows I have serious problems with the field of #economics. It's little more than post hoc rationalizations for #power masquerading as #science

Well #AngusDeaton just dropped a shit bomb all over his fellow money priests.

A must read:
https://www.crikey.com.au/2024/03/12/nobel-laureate-economist-angus-deaton-capitalism-power/

#NobelPrize winning #economist has found an unlikely culprit for growing #inequality: economists. In his new book #AngusDeaton discusses why he believes American society is in darker place than it was 40 yrs ago. Economics in America: An Immigrant Economist Explores Land of Inequality, collection of his essays from past 1/4 c that published in Britain’s Royal Economic Society newsletter as “Letters From America,” mused on topics from the #minimumwage to the #stockmarket https://www.fastcompany.com/90965460/a-nobel-prize-winning-economist-has-found-an-unlikely-culprit-for-growing-inequality-economists

Angus Deaton on inequality: ‘The war on poverty has become a war on the poor’

https://www.theguardian.com/inequality/2023/oct/07/angus-deaton-interview-book-economics-in-america

#AngusDeaton #Inequality #WarOnPoverty #WarOnThePoor #EconomicsInAmerica #TheGuardian #Politics #News

»In Amerika ist eine neue Unterklasse entstanden«
n seinem neuen Buch rechnet der Wirtschaftsnobelpreisträger #AngusDeaton mit dem amerikanischen #Kapitalismus ab. Die Mehrheit der Bevölkerung sei abgehängt – und der Aufstieg von Donald Trump die logische Folge #derSpiegel https://www.spiegel.de/wirtschaft/angus-deaton-in-amerika-ist-eine-neue-unterklasse-entstanden-a-cac316bb-cea4-4757-a3a5-a79d955c9b33