In this thought-provoking episode of The Great Tech Game Podcast, host Anirudh Suri welcomes Nobel Laureate and renowned economist Angus Deaton. They dive deep into the challenges facing the American economy, focusing on inequality, the impacts of opioid epidemics, the decline of trade unions, and the role of globalization. Angus shares insights from his latest book "Economics in America," discusses the implications of current economic policies, and expresses concerns over the future of capitalism and global warming. This episode is a must-listen for those interested in the intersection of technology, economics, geopolitics, and the direction of international affairs.About Angus:Sir Angus Stewart Deaton FBA (born October 19, 1945) is a British-American economist and academic. He is a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs, as well as the Economics Department at Princeton University. Deaton's research primarily explores issues related to poverty, inequality, health, wellbeing, and economic development.In 2015, he received the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare.00:00 Introduction
01:32 Introducing Professor Angus Deaton
03:14 Challenging GDP Growth as the Sole Metric
04:39 Economics in America: A Broader Perspective
06:00 The Role of Economists in Today's Challenges
06:26 Historical Perspectives on Economics and Well-being
09:13 Deaths of Despair: The Human Cost of Economic Growth
09:56 The Efficiency Obsession and Its Origins
22:31 The Future of Capitalism and Inequality
30:27 Geopolitics and Domestic Politics: A New Dynamic
35:49 The Decline of Trade Unions and Worker Power
38:40 Introduction to Global Inequality
38:54 The Great Divergence and Its Impact
40:04 What Causes Nations to Succeed or Fail?
41:07 The Role of Technology in Economic Growth
49:29 Educational Inequality in America
50:20 Pockets of Optimism in the World
54:19 Reordering the International Economic Order
01:00:19 Migration and Its Complexities
01:08:23 Book Recommendations and Final ThoughtsBook Links:Anirudh Suri:The Great Tech Game by Anirudh Suri : https://amzn.eu/d/1Su38MyAngus Deaton- Deaths of Despair and the Future of Capitalism: https://amzn.in/d/0KgBhxj- GREAT ESCAPE: Health, Wealth, and the Origins of Inequality: https://amzn.in/d/bG293xY- Economics in America: An Immigrant Economist Explores the Land of Inequality: https://amzn.in/d/3XMsR9vFollow Anirudh here:X (formerly Twitter): https://x.com/anirudhsuriLinkedin: https://www.linkedin.com/in/anirudhsuri/Instagram: https://www.instagram.com/anirudh_suriFacebook: https://www.facebook.com/AnirudhSuri.inWebsite: [www.anirudhsuri.com](http://www.anirudhsuri.com/)Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)[Global Economy, International Trade, Economic Policy, World Order, Geopolitics, International Relations, Economic Development, Global Economic Governance, Bretton Woods Institutions, IMF World Bank, Economic Power Dynamics, Globalization Trends, Economic Systems, Multilateral Organizations, Trade Agreements, Economic Inequality, Global Financial Stability, Foreign Aid, Economic Institutions, Global Economic Diplomacy.]
The Great Tech Game Podcast: Geopolitics, Technology, Business and Global Affairs, with Anirudh Suri