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The Great Escape: Health, Wealth and the Origins of Inequality by Angus Deaton

Large scale poverty is the result of political and organisational failures

By John Kay   213

“The Great Escape” is escape from ill-health and deprivation. Angus Deaton illustrates it through the story of his own family. Deaton’s father was brought up in a coal mining village and his first employment was at the pit. Leslie Deaton became an engineer by studying at night school. Leslie’s son became a professor of economics and emigrated to the United States. In turn, his two children, both Princeton-educated, are, respectively, a financial planner and a hedge fund manager.

Deaton records this evolution from coal face to hedge fund with no sense…

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