In this discussion with Nobel laureates Daniel Kahneman, a psychologist acclaimed for his insights into decision-making, and Angus Deaton, an economist focused on welfare, they explore the complex relationship between money and happiness. They dissect a landmark study linking emotional well-being to income up to $75,000, then present contrasting views on newer research suggesting money may correlate with happiness without limit. Their debate highlights the evolving understanding of financial security and personal fulfillment.

Angus Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs at Princeton, Emeritus, and the recipient of the 2015 Nobel Prize in Economics. He is the author of The Great Escape: Health, Wealth, and the Origins of Inequality and, with Anne Case, of Deaths of Despair and the Future of Capitalism. His most recent book is Economics in America: An Immigrant Economist Explores the Land of Inequality. In this week’s conversation, Yascha Mounk and Angus Deaton discuss why he thinks the core predictor of economic and social outcomes in America is not primarily race or class, but one’s attainment of a four-year college degree; why America (and Scotland) are unique among wealthy, industrial nations for their increasing mortality rates; and how to best explain the growing sense of social dislocation that contributes to so-called “deaths of despair.”This transcript has been condensed and lightly edited for clarity.Please do listen and spread the word about The Good Fight.If you have not yet signed up for our podcast, please do so now by following this link on your phone.Email: podcast@persuasion.community Website: http://www.persuasion.communityPodcast production by John Taylor Williams, and Brendan RuberryConnect with us!Spotify | Apple | GoogleTwitter: @Yascha_Mounk & @joinpersuasionYoutube: Yascha MounkLinkedIn: Persuasion CommunityLearn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Nobel Prize-winning economist Angus Deaton discusses wealth inequality, healthcare systems, and the impact of education on societal divides. The conversation covers topics such as cyber preparedness for finance leaders, the minimum wage study debate, and the effects of education on social and health dynamics.

No matter which indicator you’re using, American inequality has been increasing in recent decades. Whether you’re measuring the growing wealth gap, the stagnant wages of the middle class, or the concentration of wealth and power among a small group of elites, every indicator unfailingly suggests that inequality is getting worse. Nobel Laureate Angus Deaton joins the podcast to talk about his recent book on the subject, Economics in America: An Immigrant Economist Explores the Land of Inequality, in which he explains how his own experience as an immigrant has shaped his understanding of American inequality and its impact on upward mobility.Angus Deaton is a renowned economist and author known for his groundbreaking work in the fields of poverty, inequality, and health. He is a 2015 Nobel Prize Laureate and is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs at Princeton University.Twitter: @DeatonAngusEconomics in America: An Immigrant Economist Explores the Land of Inequality https://bookshop.org/p/books/economics-in-america-an-immigrant-economist-explores-the-land-of-inequality-angus-deaton/19785471?ean=9780691247625 Nick's new book, Corporate Bullsh*t, is out now! https://www.corporatebsbook.com Website: http://pitchforkeconomics.comTwitter: @PitchforkEconInstagram: @pitchforkeconomicsNick’s twitter: @NickHanauer

Nobel Prize-winning economist Angus Deaton rethinks assumptions in economics, discussing critiques of the profession, immigration impacts, and globalization's role in poverty reduction. He challenges traditional views on poverty measurement, international aid efficacy, and randomized control trials. Reflecting on biases in econometric techniques, Deaton emphasizes the need for economists to broaden their education and consider marginalized groups' welfare.