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Broads Quote by Daron Acemoglu

“Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society.” quote by Daron Acemoglu
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“Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society.”

Daron Acemoglu

About This Quote

Source Book: Why Nations Fail by Daron Acemoglu and James A. Robinson, 2012

Inclusive institutions give many people secure rights and chances, fostering broad prosperity.

In simple terms: Broad rights and chances boost prosperity.

Key Takeaway

Promote fair policies for all.

Themes

economics politics development equality

Mood

optimistic analytical

Type

analytical policy

When to use this quote

  • policy design
  • urban planning
  • community development
  • business strategy

Key Concepts

institutional economics property rights inclusive growth

Questions to Reflect On

  • How can we protect reforms from elite capture?
  • What incentives align elite and public interests?
A Different Perspective

Implementation can be hindered by entrenched elite interests.

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