Economics Quote by Daron Acemoğlu

“Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of…

— Thomas Sowell

“Economic institutions that create incentives for economic progress may simultaneously redistribute income and power in such a way that a predatory dictator and others…

— Daron Acemoğlu

“The ability of economic institutions to harness the potential of inclusive markets, encourage technological innovation, invest in people, and mobilize the talents and skills…

— Daron Acemoğlu

When we speak of institutions, economists mean more than just organizations. We mean conventions, even rules, about how things are done.

— Paul Romer

Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions.…

— Tyler Cowen

“Congo, vividly illustrates how political institutions determine economic institutions and, through these, the economic incentives and the scope for economic growth.”

— Daron Acemoğlu

If history judges society for how it treats those in need, so markets judge economies by the incentives they provide for private investment, the…

— Victor Ponta

Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.

— Thomas Sowell

“The political institutions of a society are a key determinant of the outcome of this game. They are the rules that govern incentives in…

— Daron Acemoğlu

“But so, too, can unproductive paths persist. The increasing returns characteristic of an initial set of institutions that provide disincentives to productive activity will…

— Douglass C. North

“NATIONS FAIL TODAY because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate. Extractive political institutions…

— Daron Acemoğlu

“Institutions are the humanly devised constraints that structure human interaction. They are made up of formal constraints (rules, laws, constitutions), informal constraints (norms of…

— Thomas Dalton