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In a process that began some 250 years ago, most of humanity has managed a great escape from grinding poverty and early death that characterized its existence for thousands of years. Professor Angus Deaton will describe the dramatic scope and speed of that progress, why we are living longer, healthier lives, and how progress has created inequalities that can have positive or negative impacts. He will also discuss measures rich countries can take to help the world’s poor, including reducing foreign aid, which has been ineffective and often harmful. Charles Kenny will provide comments based on his own research on global improvements in human well‐​being.