Angus Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs at Princeton, Emeritus, and the recipient of the 2015 Nobel Prize in Economics. He is the author of The Great Escape: Health, Wealth, and the Origins of Inequality and, with Anne Case, of Deaths of Despair and the Future of Capitalism. His most recent book is Economics in America: An Immigrant Economist Explores the Land of Inequality.

In this week’s conversation, Yascha Mounk and Angus Deaton discuss why he thinks the core predictor of economic and social outcomes in America is not primarily race or class, but one’s attainment of a four-year college degree; why America (and Scotland) are unique among wealthy, industrial nations for their increasing mortality rates; and how to best explain the growing sense of social dislocation that contributes to so-called “deaths of despair.”

This transcript has been condensed and lightly edited for clarity.

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Angus Deaton on America’s Deaths of Despair