Business Quote by Angus Deaton
“Without properly functioning civil courts, there is no guarantee that innovative entrepreneurs can claim the rewards of their ideas.”
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.
Support strong legal institutions.
Themes
Mood
Type
When to use this quote
- startup funding
- patent disputes
- market entry
- policy making
Key Concepts
Questions to Reflect On
- What legal reforms aid innovators?
- How do courts affect risk taking?
Court inefficiencies can stifle progress.