Nobel Laureate Economist to Speak at Michigan Ross Oct. 5
As part of its 25th anniversary celebrations, the William Davidson Institute is hosting an interactive discussion with Nobel Laureate Economist Sir Angus Deaton on October 5.
Deaton’s work has helped shaped economic responses to poverty. He is the senior scholar and the Dwight D. Eisenhower Professor of Economics, and International Affairs Emeritus, at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. He researches poverty, inequality, health, well-being, and economic development.
Deaton, who received the Nobel Prize in 2015 for his research into how the consumption of goods and services plays a critical role in human welfare, has influenced economic policy around the world. In 2016, he was knighted for his service in the fields of economics and international affairs.
The event, which is free and open to the public, will take place at 4 p.m. in Robertson Auditorium at U-M’s Ross School of Business. A discussion and question/answer period will follow Deaton’s talk, which is titled, “What Should We Do About Global Poverty?” The panel discussion will include Renuka Gadde, Vice President-Global Health at Becton Dickinson; David Lam, research professor at U-M's Institute for Social Research; and Jan Svejnar, professor of Global Political Economy and Director of the Center on Global Economic Governance at Columbia University.
Perhaps the best summary of his work on economic health and development is his 2013 book, The Great Escape: Health, Wealth, and the Origins of Inequality. The book carefully documents the remarkable progress in income and health that has taken place, especially over the past 50 years. Despite large-scale increases in income around the world that have pulled millions of people out of poverty, Deaton details why gaping inequality remains, both between and within nations. That inequality – decades if not centuries in the making – can be understood by poring over economic data and pairing economic research with societal health data.
“Professor Deaton is an outstanding economist whose careful research and empirical methods have informed and challenged our thinking around global health and poverty in low- and middle-income countries,” said WDI President Paul Clyde. “Deaton’s thinking is very relevant to WDI’s mission and we’re honored he can join us for our 25th anniversary event.
The WDI is an independent, nonprofit research and educational organization focused on providing private-sector solutions in emerging markets.