Economics Quote by Daron Acemoğlu

“Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It…

— Daron Acemoğlu

Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.

— Henry Hazlitt

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

“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

“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

“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

“The greed of a single person must never be allowed to subvert the function of government so that one person’s profit can be achieved…

— Rocco Leonard Martino

“Economic growth is quite simply incapable of satisfying this democratic and meritocratic hope, which must create specific institutions for the purpose and not rely…

— Thomas Piketty

We in the West have arranged our institutions to prevent the concentration of political power. … But we have failed utterly to prevent the…

— Matthew Crawford

“Incentives aren't the only thing that matter for economic growth. Opportunity is also crucial, and extreme inequality deprives many people of the opportunity to…

— Paul Krugman

“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

“Finally, when growth comes under extractive political institutions but where economic institutions have inclusive aspects, as they did in South Korea, there is always…

— Daron Acemoğlu