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

Angus Deaton: The Great Escape: Health, Wealth, and the Origins of Inequality Rev Austrian Econ (2015) 28:443–447 DOI 10.1007/s11138-014-0269-5 Angus Deaton: The Great Escape: Health, Wealth, and the Origins of Inequality Princeton, NJ: Princeton University Press, 2013. xv + 360 pages. $29.95 (cloth) Trey Carson Published online: 10 April 2015 Springer Science+Business Media New York 2014 Angus Deaton’sbook, The Great Escape: Health, Wealth, and the Origins of Inequality, is a thoughtful and optimistic consideration on why some nations are wealthy, and thus healthy, and why others are not. Deaton purposefully chose the title to juxtapose his vision of progress with The Great Escape (1963) in which Steve McQueen and other POWs try to escape Nazi imprisonment–some make it and some do not. Well- researched, deftly argued, and entertaining throughout, academics and laymen alike will benefit from understanding Deaton’s point of view. Students of development and health economics will find in this book a clear introduction to modern debates in economics regarding statistical measurement, inequality, aid, and institutions. Of spe- cific interest to the Austrian economist is Deaton’saversion to the “hydraulic” approach to development and foreign aid (272). The hydraulic approach is the idea that complex social interactions can be reduced to machine-like processes where one can simply pull levers or push http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

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

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Publisher
Springer Journals
Copyright
Copyright © 2014 by Springer Science+Business Media New York
Subject
Economics; Public Finance & Economics; Political Science; Methodology/History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-014-0269-5
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2015) 28:443–447 DOI 10.1007/s11138-014-0269-5 Angus Deaton: The Great Escape: Health, Wealth, and the Origins of Inequality Princeton, NJ: Princeton University Press, 2013. xv + 360 pages. $29.95 (cloth) Trey Carson Published online: 10 April 2015 Springer Science+Business Media New York 2014 Angus Deaton’sbook, The Great Escape: Health, Wealth, and the Origins of Inequality, is a thoughtful and optimistic consideration on why some nations are wealthy, and thus healthy, and why others are not. Deaton purposefully chose the title to juxtapose his vision of progress with The Great Escape (1963) in which Steve McQueen and other POWs try to escape Nazi imprisonment–some make it and some do not. Well- researched, deftly argued, and entertaining throughout, academics and laymen alike will benefit from understanding Deaton’s point of view. Students of development and health economics will find in this book a clear introduction to modern debates in economics regarding statistical measurement, inequality, aid, and institutions. Of spe- cific interest to the Austrian economist is Deaton’saversion to the “hydraulic” approach to development and foreign aid (272). The hydraulic approach is the idea that complex social interactions can be reduced to machine-like processes where one can simply pull levers or push

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Apr 10, 2014

References

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