"It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does."
Angus Deaton is a British-American economist known for research on consumption, poverty, and welfare. He was born on 1945-10-19 in Edinburgh, Scotland. He received the 2015 Nobel Memorial Prize in Economic Sciences.