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Speaker 1
This is Masters in Business with Barry Ritholdz on
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Bloomberg Radio. This week on the podcast, What a Delight. I got to spend about two hours with Sir Angus Deaton. He won the Nobel Prize in 2015 for his work on consumption, poverty, welfare, wealth and health inequality. Really, the work he's done on inequality came after the Nobel Prize based on a book him and his wife put out in a number of papers. He wrote, what can I say? He is just so fascinating, such an interesting person. Born in the UK, grows up in Scotland, becomes a professor in the UK and then says, let's go check out that place, America. And starts teaching at Princeton 40 years ago. He's been here about half his life. I found this conversation to be just delightful, so interesting, so fascinating. He is so knowledgeable about so many unusual areas in economics. We only got to scratch the surface on some of them, health care, minimum wage. What really makes people happy? And how significant having or not having a college degree, you know, the United States is very much because of the United States. It's very much become a bifurcated nation and where Professor Deaton draws the line, if you don't have a college degree, you are just at a huge disadvantage in this society. And he brings the receipts.
