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Business Quote by Angus Deaton

“Without properly functioning civil courts, there is no guarantee that innovative entrepreneurs can claim the rewards of their ideas.” quote by Angus Deaton
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“Without properly functioning civil courts, there is no guarantee that innovative entrepreneurs can claim the rewards of their ideas.”

Angus Deaton

About This Quote

Source Speech: Economic Forum, 2018

Civil courts protect entrepreneurs’ rights to reap innovation rewards.

In simple terms: Courts enable innovators to benefit.

Key Takeaway

Support strong legal institutions.

Themes

law economics innovation

Mood

analytical concerned

Type

policy explanatory

When to use this quote

  • startup funding
  • patent disputes
  • market entry
  • policy making

Key Concepts

property rights entrepreneurship justice

Questions to Reflect On

  • What legal reforms aid innovators?
  • How do courts affect risk taking?
A Different Perspective

Court inefficiencies can stifle progress.

2.7 out of 5 (7 ratings)

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