Growth Quote by Daron Acemoğlu

““Growth thus moves forward only if not blocked by the economic losers who anticipate that their economic privileges will be lost and by the political losers who fear that their political power will be eroded.””

Daron Acemoğlu

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Growth Political power

More by Daron Acemoğlu

“AUSTRALIA, LIKE THE UNITED STATES, experienced a different path to inclusive institutions than the one taken by England. The same revolutions that shook England…

Daron Acemoğlu

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“As such, the usual pattern of interaction between a critical juncture and existing institutional differences leading to further institutional and economic divergence played out…

Daron Acemoğlu

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“Lack of creative destruction and innovation is not the only reason why there are severe limits to growth under extractive institutions. The history of…

Daron Acemoğlu

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“As with France, an important consequence of the British Industrial Revolution for China and Japan was military vulnerability. China was humbled by British sea…

Daron Acemoğlu

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“Though the extractive institutions that the Mayas created produced sufficient wealth for the cities to flourish and the elite to become wealthy and generate…

Daron Acemoğlu

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“THERE ARE HUGE DIFFERENCES in living standards around the world. Even the poorest citizens of the United States have incomes and access to health…

Daron Acemoğlu

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“The Maya’s economy was based on extensive occupational specialization, with skilled potters, weavers, woodworkers, and tool and ornament makers. They also traded obsidian, jaguar…

Daron Acemoğlu

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“In the same way, current Chinese growth has nothing to do with Chinese values or changes in Chinese culture; it results from a process…

Daron Acemoğlu

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“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

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“The geography hypothesis claims that the great divide between rich and poor countries is created by geographical differences. Many poor countries, such as those…

Daron Acemoğlu

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“Politics is the process by which a society chooses the rules that will govern it.”

Daron Acemoğlu

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“The pattern of vicious circle depicted by the transition between Haile Selassie and Mengistu, or between the British colonial governors of Sierra Leone and…

Daron Acemoğlu

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Explore all 107 Daron Acemoğlu quotes

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