Economics Quote by Anonymous
““Martin Weitzman puts it, “the long-term growth of an advanced economy is dominated by the behavior of technical progress.”12””
About This Quote
Source Book: “The Economics of Technological Change,” 2018
Long‑term economic growth hinges on the pace and direction of technological innovation.
In simple terms: Tech progress drives advanced economies.
Invest in and guide tech development.
Themes
Mood
Type
When to use this quote
- government policy
- corporate R&D
- education systems
Key Concepts
Questions to Reflect On
- What policies best foster beneficial tech progress?
- How can societies balance tech risks and rewards?
Technological stagnation can derail growth.