Technology Quote by Daron Acemoğlu

“Because elites dominating extractive institutions fear creative destruction, they will resist it, and any growth that germinates under extractive institutions will be ultimately short…

— Daron Acemoğlu

“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

“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

“The economists exploded the old tenets: that it is unfair and unjust to outdo a competitor by producing better and cheaper goods; that it…

— Ludwig von Mises

“We call such institutions, which have opposite properties to those we call inclusive, extractive economic institutions—extractive because such institutions are designed to extract incomes…

— Daron Acemoğlu

“Without the changes in political institutions and political power similar to those that emerged in England after 1688, there was little chance for absolutist…

— 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

“Inclusive economic institutions also pave the way for two other engines of prosperity: technology and education. Sustained economic growth is almost always accompanied by…

— Daron Acemoğlu

“Technology is a resource-liberating mechanism. It can make the once scarce the now abundant.”

— Peter H. Diamandis

“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

“If from the more wretched parts of the old world, we look at those which are in an advanced stage of improvement, we still…

— Ben Carson

“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