Short Cut with Angus Deaton: Are economists to blame for Trump's rise?


5 pm (CET)





Why are so many Americans inclined to vote for a populist like Donald Trump? This is the logical consequence of decades of blind faith in the markets, writes Nobel Prize-winning economist Angus Deaton in his highly acclaimed book “Economics in America“. Economics is a discipline that has focused on efficiency for too long and disregarded other social concerns. As a result, more and more people feel left behind and abandoned.


Angus Deaton discussed this with the former head of the German Council of Economic Experts and President of the Essen-based RWI Institute, Christoph Schmidt, in our New Economy Short Cut on February 20. Moderated by Heike Buchter (DIE ZEIT).

Angus Deaton

is a Nobel laureate in economics for his analyses of consumption, poverty and welfare. He is Dwight D. Eisenhower Professor of International Affairs, Emeritus at Princeton University and author of several books, including "Economics in America: an immigrant economist explores the land of inequality."

Christoph Schmidt

has been President of the RWI - Leibniz Institute for Economic Research in Essen since 2002. From 2009 to 2020, he was a member of the German Council of Economic Experts and its chairman for several years. His work focuses on applied econometrics and the interface between research and science-based policy advice.

Heike Buchter

is a US correspondent in the New York office of DIE ZEIT. As a graduate in business administration, journalist, author and entrepreneur, she specialises in business and finance.