Quote by Daron Acemoğlu

“The institutional dynamics we have described ultimately determined which countries took advantage of the major opportunities present in the nineteenth century onward and which…

— Daron Acemoğlu

“The synergies between extractive economic and political institutions create a vicious circle, where extractive institutions, once in place, tend to persist. Similarly, there is…

— Daron Acemoğlu

...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance…

— John Maynard Keynes

“The great inequality of the modern world that emerged in the nineteenth century was caused by the uneven dissemination of industrial technologies and manufacturing…

— Daron Acemoğlu

“Inclusive economic and political institutions do not emerge by themselves. They are often the outcome of significant conflict between elites resisting economic growth and…

— Daron Acemoğlu

“The Black Death is a vivid example of a critical juncture, a major event or confluence of factors disrupting the existing economic or political…

— Daron Acemoğlu

“Inclusive economic and political institutions do not emerge by themselves. They are often the outcome of significant conflict between elites resisting economic growth and…

— Daron Acemoğlu

“At the dawn of the nineteenth century, many parts of the world, especially in Africa, lacked a state that could provide even a minimal…

— Daron Acemoğlu

“From the late 19th century until the 1970s, the advanced societies of the West were all becoming less unequal. Thanks to progressive taxation, government…

— Tony Judt

“Our theory has attempted to achieve this by operating on two levels. The first is the distinction between extractive and inclusive economic and political…

— Daron Acemoğlu

“In nineteenth century Europe (and later in other parts of the world) the transition from a subsistence to a market economy based on the…

— Eleanor Burke Leacock

“When there is a network of slightly different institutions, the reflex response to a given policy problem is for each institution to provide a…

— Thomas Hale