Tremendous news that Angus Deaton has won the Nobel prize in economics, particularly because this will further direct attention towards one of the great challenges of the age – rising inequality, on which Deaton is a great thinker, not least in The Great Escape, which deserves an even wider readership. Last year, I had a public exchange with him on the

I am grateful to Duncan Green for giving me an opportunity to respond to his comments on The Great Escape. I summarize the key evidence, and try to give a coherent story of how I think aid works, and when it will fail. Like Duncan, I fully recognize (and am motivated by) the moral imperative to help people who are

Ricardo Fuentes (@rivefuentes) reviews The Great Escape, Angus Deaton’s big (and controversial) new book on development. A long time ago, while finishing my college degree at CIDE in Mexico, I started working with the different editions of the Mexican Household Income and Expenditure Survey. I was assisting my then boss and mentor, Alejandro Villagomez, in a project studying consumption and