Why am I passionate about this?
I am the Eldon R. Lindsey Chair of Free Enterprise and Professor of Economics and Finance at Shenandoah University in Winchester, Virginia. Most of my writing is academic, including in the Independent Review, Journal of Markets and Morality, and Presidential Studies Quarterly recently. Before pursuing my doctoral degree, I served in the U.S. Army and worked for an insurance company.
Clifford's book list on the global economy
Why did Clifford love this book?
Angus Deaton presents his own work and summarizes the work of others to describe the beginning of sustained economic growth, what is sometimes called the industrial revolution.
Not only does this sustained economic growth result in much greater health and wealth, but also in inequality.
Before, only a very small number of people enjoyed leisure and what were the luxuries of the time. After, increasing percentages of people escaped the so-called iron law of wages.
1 author picked The Great Escape as one of their favorite books, and they share why you should read it.
The world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Angus Deaton--one of the foremost experts on economic development and on poverty--tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what…