Development Futures: Angus Deaton on what economists got wrong

Angus Deaton, the 2015 Nobel Prize-winning economist, has dedicated four decades to studying poverty, inequality, health, wellbeing, and economic development. Recently, he strongly criticised his own profession, arguing that economists have overlooked the power dynamics inherent in capitalism.

In this wide-ranging episode of Development Futures, Alexandre Dayant, the Deputy Director of the Lowy Institute’s Indo-Pacific Development Centre, talks with Deaton about the factors behind his shift in thinking and discusses his evolving perspectives on free trade, immigration's impact on American workers, and the role of foreign aid, among other topics.