Annual Research Night: «The Great Divide»
Deaths of despair has become a common term used to describe a long-standing trend in the US: In recent decades, a frighteningly large and increasing number of people in the US died from drug overdose, suicide, or alcoholism. There are several reasons for this, a major one being the broken healthcare system. Is there still hope? For the U.S., things look gloomy, Deaton and Case explained in their keynote, which was based on their newest book Death of Despair and the Future of Capitalism. Europe has a better outlook, they stated, but it also needs to do more to combat polarizing trends to stop rising inequality.
Missed the event?
Doesn’t sound good what Nobel laureate Deaton says in an interview with NZZ magazine: “The gap based on education is alarming” And: “The danger of social unrest has increased.” Society is splitting into the well-educated and the poorly educated, warn Nobel Prize winner Angus Deaton and economist Anne Case. That endangers democracy, they say.
«I have long been impressed by the extraordinary quality of the Department. You have been able to build a world-class economics department in Zurich, which provides a great public service not just for Switzerland – it is incredibly important for world economics.»
Nobel Laureate Sir Angus Deaton, Princeton University