The Great Escape
Book description
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…
Why read it?
1 author picked The Great Escape as one of their favorite books. Why do they recommend it?
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.
From Clifford's list on the global economy.
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