Anne Case and Sir Angus Deaton have been featured on the longlist of the Financial Times and McKinsey Business Book of the Year Award 2020 for their groundbreaking book, “Deaths of Despair and the Future of Capitalism.”
Case is the Alexander Stewart 1886 Professor of Economics and Public Affairs, Emeritus at Princeton University’s School of Public and International Affairs and Deaton is the Dwight D. Eisenhower Professor of International Affairs, Emeritus at the Princeton School of Public and International Affairs.
In their book, Case and Deaton describe “deaths of despair” as the rising mortality rates of white non-college-educated Americans who are dying of suicide, drug overdose, and alcoholism. While capitalism has long been the mechanism through which people have risen out of poverty to achieve the American dream, they argue that it is now destroying the working class. As capitalism fails to deliver for blue-collar Americans, Case and Deaton chart a way forward for domestic policy to rein in capitalism’s excess and create a fairer system for everyone.
The Financial Times and McKinsey Business Book of the Year Award annually recognizes books that provide innovative insights into modern issues related to business and economics. The award was established in 2005 by the Financial Times, an international daily newspaper, and McKinsey & Company, an American management consulting firm.