Industrial revolution Quote by Daron Acemoğlu

“Political power was thus widely dispersed in Somali society, almost pluralistically. But without the authority of a centralized state to enforce order, let alone…

— Daron Acemoğlu

“Absolutism reigned not just in much of Europe but also in Asia, and similarly prevented industrialization during the critical juncture created by the Industrial…

— Daron Acemoğlu

“Without the changes in political institutions and political power similar to those that emerged in England after 1688, there was little chance for absolutist…

— 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

“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

“Nor was it a satisfactory solution to keep the masses in poverty by restricting the output of goods. This happened to a great extent…

— George Orwell

“World inequality today exists because during the nineteenth and twentieth centuries some nations were able to take advantage of the Industrial Revolution and the…

— Daron Acemoğlu

“Most existing nations evolved only after the Industrial Revolution.”

— Yuval Noah Harari

The Ottoman Empire . . . The rulers in Turkey were fortunately so corrupt that they left people alone pretty much - were mostly…

— Noam Chomsky

“It was not the businessmen or the industrialists or the workers or the labor unions or the remnants of the feudal aristocracy that began…

— Ayn Rand

Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by…

— Paul A. Baran

“Until recent history, the central state represented about 5 percent of the economy. ...and further, governments were sufficiently distracted by war to leave economic affairs…

— Nassim Nicholas Taleb