profile image

Angus Deaton

Economist, author, Nobel Laureate

Angus Deaton is the 2015 Recipient of the Sveriges Riksbank Prize in Economic Sciences and has focused on the measurement and understanding of poverty in India.

schleicher.hannes via Getty Images

Poverty Is More Than The Lack Of Money

In an ideal world, the gap that has opened up between them and those left behind can help pull up others in an ideal world. Poor people can see the new opportunities, and understand that, with education and luck, their sons and daughters can prosper too. But there are also terrible dangers of inequality if those who have escaped from destitution use their wealth to block those who are still imprisoned by it.
16/10/2015 11:24 AM IST