Authors
Angus Deaton, Anne Case
Publication date
2021
Pages
1-336
Publisher
Princeton University Press
Description
In The Great Escape, published in 2013, one of us told a positive story about human progress over the last two hundred and fifty years. The story there was one of previously unimaginable material progress, a decline in poverty and deprivation, and extensions in the length of human life. The generation and application of useful knowledge made this progress possible. A star of the show was capitalism, which freed millions from dire poverty, supported by the positive forces of globalization. Democracy spread around the planet, allowing more and more people to participate in shaping their communities and societies. This book is much less upbeat. It documents despair and death, it critiques aspects of capitalism, and it questions how globalization and technical change are working in America today. Yet we remain optimistic. We believe in capitalism, and we continue to believe that globalization and technical change …
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