Technological change Quote by Daron Acemoğlu
““The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites.””
About This Quote
Source Book: Why Nations Fail by Daron Acemoğlu and James A. Robinson, 2012
Extractive institutions fail to drive lasting tech progress because they lack incentives and are protected by elite resistance.
In simple terms: Extractive systems hinder tech growth due to poor incentives and elite pushback.
Key Takeaway
Reform institutions to align incentives and limit elite capture.
Themes
economics
politics
technology
development
Mood
critical
analytical
Type
theoretical
policy
When to use this quote
- policy reform
- development aid
- anti‑corruption measures
- education reform
Key Concepts
institutional economics
political economy
innovation systems
Questions to Reflect On
- How can incentives be realigned without destabilizing power structures?
- What role can civil society play in resisting elite capture?
A Different Perspective
Even reformed institutions may still face entrenched interests.
