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Angus Deaton

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1: The big thinkers say no.

“Money has never made man happy, nor will it,” Ben Franklin once said.

Centuries before, Aristotle wrote: “The life of money-making is one undertaken under compulsion, and wealth is evidently not the good we are seeking; for it is merely useful and for the sake of something else.”

More recently, Maya Angelou observed: “Don’t make money your goal. Instead pursue the things you love … continue reading

This week we are exploring the reasons behind the incredible drop in worldwide extreme poverty: from 90% in 1800 at the beginning of the Industrial Revolution to less than 10% today.  

And falling.

The United Nations has set a target of “ending extreme poverty for all people everywhere” by 2030.  

What accounts for this incredible drop?

Yesterday, we looked at three reasons outlined by Steven Radelet, author of The continue reading