Economic growth Quote by Daron Acemoğlu

“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

“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

“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

“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

“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

“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

“Growth thus moves forward only if not blocked by the economic losers who anticipate that their economic privileges will be lost and by the…

— 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

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

“The synergies between extractive economic and political institutions create a vicious circle, where extractive institutions, once in place, tend to persist. Similarly, there is…

— Daron Acemoğlu

“Inclusive economic institutions, such as those in South Korea or in the United States, are those that allow and encourage participation by the great…

— Daron Acemoğlu

“Our theory has attempted to achieve this by operating on two levels. The first is the distinction between extractive and inclusive economic and political…

— Daron Acemoğlu